EUR/USD is trading below 1.1750. Any further downside pressure will push prices down to 1.1730 and even lower to 1.1700.
Daily Market Analysis
U.S. stock markets are set to open with a modest bounce after their worst day in over a month on Monday.
Asian equity markets resumed the weak performance seen across global peers which culminated in Wall St’s worst day in over a month
Surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.
Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
The pair is testing the key pivot level at 74.40
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
The GBP made strong moves against the US dollar and the EUR lately. What's the tactical outlook?
Fresh news of the US session
USD/JPY is plunging. It may go even lower than where came down to in September. Read the article to set your levels.