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/NZD reversed from support area
- GBP/NZD reversed from support area
- Next buy target - 1.9650
GBP/NZD recently reversed up from the support area lying between the support level 1.9240 (former resistance level from the end of February, acting as support after it was broken previously), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from the start of March. GBP/NZD is expected to rise toward the next buy target at next resistance level 1.9650 (monthly high from March).
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.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
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.
Bank of England Governor Andrew Bailey delivered a speech today. Let’s discuss what it means for a trader.
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.