European session opening: GBP/USD preparing for testing its 2023 high
MarketsFN Team
Positive session for Euro Stoxx 50, up 0.28% at 4,359.55. DAX in Germany at 16,259.95 up 0.18% while the CAC 40 gaining 0.36% at 7,317.31.
Crude Oil WTI is trying to regain area 70 $/barrel while Gold trading range is very narrow compared yesterday session. The shiny metal is trading at 1,960.9 $/oz , up 0.12%.
Calm is the right term to describe FX trading today, waiting for the FED rate announcement this evening at 14 EST time or 20 CET.
EUR/USD unchanged at 1.0792 while USD/JPY trading at 1.0792, down 0.2%. GBP/USD is at 1.2611 up 0.01%.
UK trade balance deficit was better than expected for the month of April while Industrial production deteriorated. GBP/USD is trading less than 70 pips away from its 2023 high in area 1.2680.
US Futures positive with S&P 500 +0.18%, Nasdaq 100 +0.22%.
