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/USD: bearish 'Thorn' pattern
There's a bearish 'Thorn' pattern, so the market is likely going to test the next support area at 1.2913 - 1.2896. However, if a pullback from these levels happens next, there'll be a moment to have an upward correction in the direction of the nearest resistance at 1.2969 - 1.2999.
Bulls have been stopped by the trendline, so we've got a 'V-Top' pattern. The main intraday target is the closest support at 1.2913 - 1.2896. A pullback from this area could lead to a bullish correction to the nearby resistance at 1.2968 - 1.2999.
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.
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.