
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
What about the pound?
GBP/USD has been moving up (any progress in the Brexit deal always support the GBP). The trading isn’t extensive. However, there is a gap that may signal about the further upward movement. The resistance lies at 1.3125 (the pivot point). As soon as the pair sticks above this level, chances of the rise will increase. Otherwise, the fall to 1.3040 may happen.
Up to now, the pair has been moving to the resistance at 1.1675. 50-day MA puts strong pressure on the further rise. No significant economic data will be out today. The euro needs the weak USD to break the resistance. As soon as it appears above it, chances of the further rise will increase. The next resistance is at 1.1730. Otherwise, there are risks of the reversal to 1.16.
That’s all for today! Follow market news with FBS!
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Considering current Treasury yield spreads, the chance of a recession is now nearly 99.3% - 100%. Read the full report to learn more!
It’s Wednesday, the froggy day for the whole internet. Here’s news that moves the market:
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
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