GBP/USD Steadily and Patiently Gains

GBP/USD Steadily and Patiently Gains

2020-11-18 • Updated

2020_11_18_09_38_11_Template1_PowerPoint.png

GBPUSDM30.png

2020_11_18_09_42_35_Template1_PowerPoint.png

EURGBPM30 (1).png

Ichimoku Kinko Hyo

EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.

EURJPYM30 ich (1).png

Fibonacci Levels

XAG/USD: Silver is trading at 38.2% retracement area. Bulls have failed to stand above 50% retracement area.

XAGUSDH4.png

EU Market View

Global shares stepped back on Wednesday as soft U.S. retail sales increase worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs. Asian equity markets traded mostly higher as the region attempted to pick up from the weak handover from Wall Street. House Speaker Pelosi and Senate Minority Leader Schumer sent Senate Majority Leader McConnell a letter calling to start negotiations on COVID-19 relief this week. Looking ahead, highlights from macroeconomic calendar include UK, Eurozone(final) and Canadian CPI, US Housing Starts, DoEs, BoE’s Haldane, Fed’s Evans, Williams, Bullard & Kaplan speeches.

EU Key Point

  • USD/JPY eases just below 104.00 as risk off gains ahead of European trading
  • Tokyo reports record 493 new coronavirus cases
  • Germany reports 17,561 new coronavirus cases in latest update today
  • Bank of Japan Governor Kuroda won't be ending easing policy soon

                                                                                            LOG IN

Similar

Dollar hits new 31-month low

U.S. stocks are seen opening mixed Thursday, pausing around record highs as investors await more fresh news on Covid-19 vaccines and potential fiscal stimulus.

EUR/GBP: Bullish trend remains strong

A tentative mood was seen in Asia-Pacific bourses following the flat performance on Wall Street, whilst Chinese Caixin Services PMI printed its second-highest reading in a decade.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera