GBP/USD threatens Thursday's lows

FXstreet.com (Córdoba) - The GBP/USD extended losses at the beginning of the American session as the greenback found renewed strength.

GBP/USD resumes the decline

Following a limited bounce, GBP/USD resumed the decline but found temporal support at the 1.5470 level. However, US investors pushed GBP/USD lower and sent it to a low of 1.5422, just a few pips above Thursday's trough.

At time of writing, GBP/USD is trading at the 1.5430 zone, where it records a 0.5% loss on the day, with immediate supports at 1.5413 (Jun 20 low) and 1.5380 (50-day SMA) and resistances at 1.5490 (20-hour SMA) and 1.5530 (daily high).

Jun 21, 2013

Canada: Retail Sales rise less than expected in April

Canadian Retail Sales grew 0.1% in April after remaining unchanged the previous month, according to data released today by Statistics Canada. Consensus pointed to more increase of 0.3%.

Flash: Implications of Fed tapering widespread – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “Growing concerns about the implications of Fed tapering are understandable given the low level of bond yields and the sharp rise in equity prices over the past year.”