European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.
GBP/CHF broke support zone
- GBP/CHF broke support zone
- Next sell target - 1.2400
GBP/CHF recently broke through the support zone lying between the key support level 1.2750 (which stopped the previous minor correction 4 in October of 2017, as can be seen below) and the support trendline of the 2 weekly up channel from July. The breakout of this support zone accelerated the active intermediate impulse wave (3) from last week. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2400.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
After yesterday's equity sell-off things are looking mixed in the Asian session this morning.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
UK's Raab supports that virus restrictions are serious, proportionate
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.