GBP/USD is trading above the key pivot point level. Further bullish momentum will trigger the market to 1.2940.
Tag - cad - canadian dollar
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.
Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
USD strengthens further in the post-FOMC Asia session. Read the article to get fresh analysis of EUR/USD, GBP/USD, CAD/JPY and silver!
The Federal Reserve wraps up its regular two-day policy meeting, with the publication of its post-meeting statement at 2 PM ET (1800 GMT), and Chairman Jerome Powell’s press conference half an hour, as usual.
Asian equity markets traded mixed and only partially benefitted from the technology gains in the US.
China’s economy continued its rebound from the coronavirus pandemic, with a round of key data for August all coming in above expectations.
Eurozone March industrial production comes at 4.1% vs 4.2% m/m than expected
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.