The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Does the British pound have any chance?
As the Brexit situation does not become any brighter, the British pound suffers, too. The British Prime Minister Theresa May is expected to step down from her post by the end of June. This fact does not reduce the risks of a no-deal Brexit due to the lack of certainty in the final divorce deal with the EU.
However, today the GBP may be supported. The news that Theresa May will make the proposal for her deal at 17:00 MT has pushed the cable to the resistance at 1.2822. If she announces significant changes today, it will rise higher. On the other hand, if she fails again it will slide below the 1.27 level. The next support will lie at 1.2603.
The stochastic indicator has formed a crossover in the oversold and RSI has tested the border of the oversold zone.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
Coronavirus pushse gold and currencies to where they have not been for years. What next?
Coronavirus risks continue spreading. What the next week has for us?
With all the worries and uncertainties coming from the coronavirus news, let’s take a look at the opinion of the US billionaires
Coronavirus got out of China to terrorize the rest of the world. How to trade that?