Sterling moves lower on political threats

Sterling moves lower on political threats

2020-10-16 • Updated

534454544.png

GBPUSDM30 (10).png

2020_10_16_16_53_41_Template1.pptx_AutoRecovered_PowerPoint.png

USDJPYM30 (8).png

Ichimoku Kinko Hyo

CAD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.

Fibonacci Levels

 XAG/USD: Silver struggles to move above the 50% level. The current risk-on mood helps silver to move higher.

XAGUSDM30 (6).png

US Market View

Wall Street futures jumped back into positive territory and European stocks accelerated gains when the U.S. pharmaceutical group said the regulatory filing for the vaccine could come as soon as safety data is available in the third week of November. In midday trading the pan-European STOXX 600 (STOXX) rose 0.8% after losing over 2% on Thursday as new social restrictions in Europe, including a curfew in major French cities and tighter restrictions in London, spooked investors.

As the global race to develop a coronavirus vaccine heats up, financial markets have been tracking every twist and turn, hoping a successful deployment would help sustain economic recovery.

US Key Point

  • US September retail sales comes at +1.9% vs +0.8% than expected
  • EU's von der Leyen supports that EU team will go to London next week to 'intensify' negotiations

TRADE NOW

Similar

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