Hantec Markets

The GBP/USD exchange rate has lost its upward momentum but nevertheless holds above a key 1.30 support level, leading analyst and technical forecaster Richard Perry of Hantec Markets to view current price action as being corrective.

The EUR/USD exchange rate is up a quarter of a percent at 1.1790 on Tuesday, ensuring the underlying technical setup in the pair remains positively aligned according to analyst and technical forecaster Richard Perry of Hantec Markets.

The gold price is down slightly on Monday at $1974/ounce but analyst and technical forecaster Richard Perry of Hantec Markets says the bulls remain firmly in control of the precious metal.

The GBP/USD exchange rate holds above 1.30 at the start of the new week and month, following a 2.30% advance on in the week prior. Analyst and technical forecaster Richard Perry of Hantec Markets says a downside corrective move could now be developing on GBP/USD.

The EUR/USD exchange rate has pared its impressive July rally further at the start of the new week, with the pair now quoted at 1.1760. Analyst and technical forecaster Richard Perry of Hantec Markets says a degree of corrective slide could be developing.

Silver prices spiked above $26 during the course of the past 24 hours and we are seeing prices back down at 24.36 at the time of writing in the mid-week session. Analyst and technical forecaster Richard Perry of Hantec Markets looks at silver's recent price action and sees some warning signs written in the charts.

The gold price remains locked in a run of positive daily closes and is currently seen at $1958/ounce. Analyst and technical forecaster Richard Perry of Hantec Markets says despite the move being stretched, the bulls don't yet appear ready to give in.

The GBP/USD exchange rate has made another push higher in the mid-week session to quote at 1.2968, a new four-month high. Analyst and technical forecaster Richard Perry of Hantec Markets tells clients he continues to favour Sterling but the FOMC event later today could complicate matters.

The EUR/USD exchange rate continues to consolidate near multi-month highs and is around 1.1754 in the mid-week session. Analyst and technical forecaster Richard Perry of Hantec Markets says the pair is at risk of a deeper retracement.