GBP is under Brexit Pressure Again. In this 30 January Intraday Technical Analysis, Stuart Cowell will give insight with the aid of a brief video on how GBPUSD, AUDUSD & Gold trades currently.
30 January, HotForex – Equities sold off in Asia overnight, U.S. and U.K. stock futures are also in the red, as yields continue to rise. The 10-year Treasury yield climbed above 2.7% as yields rise to the highest since 2014, setting Bunds on course to tackle the 0.7% mark for the first time since 2015.
Investors are gearing up for the Fed decision and dwindling central bank support even as Draghi and the doves at the ECB try to calm nerves and reduce speculation of quick changes in guidance. Tech stocks started the sell-off in Asia that saw the Nikkei losing 1.43% as the Yen strengthened.
The Hang Seng is down -1.06%, the ASX 200 down -0.87%. Oil prices are down on the day and the front end USOil future is trading at USD 64.87 per barrel.
30 January Intraday Technical Analysis (+Video)
GBP under Brexit Pressure Again, JPY Bid following good CPI and BOJ talk, while Commodities & Stocks Sell Off as USD is Bid.
This article about 30 January Intraday Technical Analysis was written by Stuart Cowell, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.
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