GBP/USD is trading at 1.2484, 0.56% down since previous day close. This pair registered its highest daily close in nearly three weeks on Monday above 1.2550 but failed to preserve its bullish momentum. The pair stays on the back foot early Tuesday, while managing to hold above 1.2500. The selling pressure surrounding the US Dollar (USD) at the beginning of the week helped GBP/USD stretch higher. Early Tuesday, the cautious market stance allows the USD to stay resilient against its rivals and makes it difficult for the pair to regain its traction. After Wall Street’s main indexes closed in positive territory on Monday, US stock index futures edge lower in the European session.
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Near Day |
R3 | 1.256 |
R2 | 1.2608 |
R1 | 1.2679 |
Turnaround | 1.506 |
S1 | 1.2484 |
S2 | 1.2446 |
S3 | 1.24 |
GER30 is trading at 17937, 1.26% down since previous day close. GER30 declined by 1.26% on Tuesday (April 30). On Monday DAX reversing a 0.24% from Friday rally the DAX ended the session at 17,965, Consumer prices increased by 2.2% year-on-year in April after rising by 2.2% year-on-year in March. Economists expected an annual inflation rate of 2.3%. on daily chart we see a sharp fall this may continue till FED meeting next support is 17,800
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Near Day |
R3 | 18550 |
R2 | 18460 |
R1 | 18280 |
Turnaround | 17450 |
S1 | 17440 |
S2 | 17808 |
S3 | 17440 |
XAU/USD is trading at 2287.30, 2.12% down since previous day close. Gold prices fell in Asian trade on Tuesday, remaining pinned well below recent peaks as fears of higher-for-longer U.S. interest rates grew before a Federal Reserve meeting this week. Waning safe haven demand also weighed, especially as recent reports showed renewed ceasefire talks between Israel and Hamas. This left gold even more vulnerable to rate-driven risks. On daily basis chart after formed multiple doji. We seen 2.12% sharp fall currently this spot is trading month low.
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Near Day |
R3 | 2387 |
R2 | 2364 |
R1 | 2337.73 |
Turnaround | 2302 |
S1 | 2285 |
S2 | 2264 |
S3 | 2250 |
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