ONLINE FOREX BROKER
2020-03-18 • Updated
Performance in 2020: -10%
Last day range: 1.2002 – 1.2271
52-week range: 1.1845 – 1.3350
Currently, the GBP trades in the area of 1.1860 against the US dollar. The monthly chart below shows its historical performance. The resistance is located at 1.2655, which may seem too stretched even for a daily chart, but under the conditions the UK is now it is quite reasonable: GBP/USD was there not more than a week ago.
A diligent trader will reproach the author for not zooming out the chart enough to show what the support of 1.1700 is based on. Unfortunately, MetaTrader 4 doesn’t allow zooming out enough to capture 35 years of GBP/USD performance and show where the pound was in 1985.
Right. A 35-years low. Soviet Union was still there when the pound was this low. Why? Because of the coronavirus, Brexit, global assets dumped, the GBP dumped for the USD, bad weather, you name it. Therefore, there is quite no certainty on the next move by the GBP. But as usual: be amazed by what the market does, but don’t step away from your trading fundamentals. As bottomless a plunge as it seems, there will be a sure correction upwards – be there to catch it.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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