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: price consolidating under Moving Averages
The price is consolidating under the Moving Averages. It's likely that after a short break the pair is going to reach the next resistance at 1.3341 - 1.3353, which could be a departure point for a downward correction.
We've got a 'Double Bottom', which pushed the price a little bit higher. However, the market is likely going to test the closest support at 1.3272 - 1.3253 during the day. If we have a pullback from this area afterwards, there'll be a green light for an upward price movement in the direction of another resistance at 1.3314 - 1.3341.
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.