GBP/USD & DAX Analysis: Key Trading Opportunities Amid Market Volatility
GBP/USD faces renewed pressure as traders assess diverging UK-US economic outlooks, while the DAX index navigates volatility driven by NVIDIA earnings expectations. The pound has weakened 0.2% against the dollar to 1.2645, pressured by concerns over UK economic growth and persistent inflation challenges. The US Dollar Index remains firm at 106.50, supported by expectations of a hawkish Fed stance. Technical analysis shows GBP/USD testing support at 1.2630, with resistance at 1.2680. Meanwhile, the DAX hovers near 19,200 points, with traders positioning ahead of NVIDIA's earnings release which could impact global tech sentiment. A break below 1.2630 in GBP/USD could accelerate losses toward 1.2600, while DAX traders eye the 19,000 support level. Both setups offer clear risk-reward opportunities for traders navigating current market conditions.
Related Symbols:
GBPUSD
This is a summary of the original article by investing.com. To read the complete article, please visit the source website:
Read Full Article at investing.comNews data provided by Marketaux. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
