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: market is still consolidating
The market is still consolidating. It's likely that the pair is going to achieve the next support at 1.3493 - 1.3457 in the coming hours. However, if we see a pullback from these levels, there'll be a moment to have an upward correction in the direction of the nearest resistance at 1.3549 - 1.3612.
There's a consolidation, which is taking place under the Moving Averages. The main intraday target is the closest support at 1.3493 - 1.3457. Meanwhile, a pullback from this area could be a starting point for a bullish price movement towards the 55 Moving Average.
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.