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: 'Pennant' pattern led to decline
The market has been declining since the last 'Pennant' pattern was broken. Meanwhile, if we see a pullback from the nearest support at 1.3457 - 1.3425, there'll be an opportunity to have a correction in the direction of the closest resistance at 1.3549 - 1.3612.
The price is consolidating under the Moving Averages. It's likely that the pair is going to test the next support at 1.3493 - 1.3457 in the short term. However, if a pullback from this target forms little later on, bulls will probably try to deliver an upward correction.
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.