Nasdaq Index Technical Analysis for mid to end of June, 2022
We look at the Nasdaq Index monthly chart, daily chart pattern, momentum indicators, oscillators, moving averages and support & resistance levels.
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We look at the Nasdaq Index monthly chart, daily chart pattern, momentum indicators, oscillators, moving averages and support & resistance levels.
British Pound (GBP) Price Outlook: GBP/USD Challenging Support
GBP/USD edged higher Wednesday despite lower than expected UK CPI numbers, suggesting that a bounce is now possible after the pair’s slide that began late last month.
Trader sentiment is poor at present, with safe haven buying of the Japanese Yen, the Swiss Franc, Gold and US Treasury notes seen alongside some selling of European stocks.
The UK economy grew by a huge 22.2% year/year in Q2, just above analysts' forecasts but not by enough to boost GBP/USD, which continues to trade sideways.