Major equity indices across the globe managed to stage a rebound as investors slowly digested the Brexit’s aftermath. Major equity indices in Asia followed their US counterparts into positive territory this morning.
Yesterday the world suffered another terrorost attack in Turkey, were a gun and bomb attack is estimated to have killed 36 people and injured much more.
In the currency markets the GBPUSD managed to find some footing yesterday after 31-year lows of 1.3119 made on Monday, on Tuesday the currency pair made it to session highs of 1.3419 and closed yesterday’s session at 1.3341. GBPUSD is currently at 1.3322 at the time of writing; TraderTip’s scenario for the day sees support at 1.3131 holding before rising to 1.3440/1.3537.
Euro remained weak as well still holding at 1.1059 against the USD, although against the GBP has so far remained in the lead with the EURGBP remaining close to 2-year highs.
USDJPY is currently trading at 102.23, with the Yen holding much of the gains made Friday on the back of safe-haven buyiny in the aftermath of Brexit. However the JPY gave in a bit of its earlier strength in the former part of this week.
Support for the USD continued, and although we closed in the negative yesterday we are still at 3-month highs on the US Dollar index (DXY). We are currently in positive territory trading back at 96.13.
On today’s economic docket the major impact title for today goes to the German CPI and US Personal Spending.
