The USD dollar is regaining ground versus the EUR, the GBP, the JPY, and the AUD. Watch the video to learn what is moving the Forex market today!
The markets are taking a breath after the eventful Wednesday and Thursday
As the middle of the week is passed, the market is mostly bullish, with many currency pairs beating strategic high and lows - a paradise for traders!
The gold, oil prices and the pound are at local highs; apart from that, seems to be a pretty regular day in the Forex market. Perfect for trading!
There are reasons for traders to be optimistic and sell the USD versus the riskier currencies. However, the advance of EUR/USD, GBP/USD, and AUD/USD became extensive and a correction may happen.
With Brexit being the last-minute breakthrough - or a failure - possibility, let's review the layout for the GBP against the EUR and the USD. We will review oil, gold, and other Forex assets too - and don't forget the US and the UK interest rates this week!
Vaccine news, Brexit developments, and hopes for the US stimulus package are the main market drivers! How to start the week?
The euro has been volatile after the meeting of the European Central Bank. At the same time, the GBP keeps going wild amid Brexit uncertainties. Watch more!
In a nutshell: no Brexit deal reached so far, the GBP is fluctuating.
EUR/USD, GBP/USD, AUD/USD, and XAU/USD have reached interesting technical levels. Traders are hoping that the US authorizes the Pfizer vaccine this week. They also want to know how the dinner between the UK Prime Minister Boris Johnson and European Commission Ursula von der Leyen goes and how it will influence Brexit.
All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down.
The US dollar is trying to fight back against the other major currencies. However, the vaccine hopes will likely limit its advance. This week, the market's attention will focus on the GBP and the EUR. Watch the video to learn more!