Asian indices rose while gold futures extend losses hit a near-three year low today, currently trading at 1248 down 2.5 percent. ECOFIN Meetings and final gross domestic product in the U.S are the major news for today. The People’s Bank of China said late on Tuesday it had provided cash to some institutions facing temporary shortages and would continue to do so if needed.
Trade Idea
GBPUSD
A 4h break below 1.5365 level could lead price to 1.5275 . Alternative a break above 1.5490 targets 1.56.
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