Forex news for New York trading on March 23, 2017
Markets:
– Gold down $3 to $1245
– WTI crude down 35-cents to $47.69
– S&P 500 down 2.5 points to 2345
The story today should be that the pound led once again. Today it was because of strong UK retail sales data but it marks the sixth gain in seven days and that’s into a very crowded short position. It finishes the day another 40 pips higher to 1.2520. The late Fed high of 1.2565 is a level to watch.
