The euro has started the week on a positive footing, surging to the key resistance of 1.1800.
Daily Market Analysis
Since July, the movement of GBP/USD has been contained between 1.27 and 1.34. At the beginning of September, the GBP reached a high of 1.34 against the USD while the stock market was seeing its new highest high, and things seemed pretty fine around.
UK officials are reportedly preparing to dilute PM Johnson’s Brexit legislation, in a move that could rekindle negotiations with the EU.
Earnings reports will show how companies have performed during the third quarter…
USD/JPY is climbing higher. Will it continue? Check the article.
The OPEC's JMMC meeting is today. The US Election is in two weeks. What are we to expect from oil?
EU's von der Leyen supports that EU team will go to London next week to 'intensify' negotiations
The formation of the descending triangle pattern indicates further falling of USD/JPY!
On Thursday, October 16, the RBA governor signaled more stimulus measures at the next meeting on November 3. Will we see the slump of the aussie?
How do we trade EUR/GBP today? All the same, but watch for reversal signs against the existing downtrend.
EURCHF is a rare cross pair that is nonetheless very interesting both from the technical and fundamental point of view. Let’s throw a strategic look at it to see what we may expect in the nearest future.
Looking ahead, highlights from macroeconomic calendar include Eurozone CPI US Retail Sales and University of Michigan, European Council Summit and Fed’s Williams speech.