Cable retrace towards $1.2800 on liberation day [Video]

Dale J Pinkert Independent Analyst

Join us on TradeGateHub Live Trading as we analyze the Cable's retracement toward the $1.28 mark on Liberation Day. Our coach highlights key support levels in both the Cable and the Euro, providing insightful technical perspectives. He also offers an update on USDJPY and shares a bullish trading idea for the Australian Dollar.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.