EUR/USD has violated the first resistance trendline area 1.1680
Tag - gbp
European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington
Today the main focus of USD traders will be on the debates between the Democrats and the Republicans ahead of the presidential election. What does it mean for the USD?
So the pound went all-in bullish yesterday on Brexit hopes. While these hopes still have to manifest, the GBP will have to defend its positions now.
GBP/USD is trading above the key pivot point level. Further bullish momentum will trigger the market to 1.2940.
Boosted by positive vibes from the Brexit talks, the GBP goes all-out against the USD and the EUR. We'll see for how long.
USD/CHF gets higher, GBP/USD may try to test higher levels as well. AUD/USD found support. Watch the video to learn more about the major pairs!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
Some trends will get broken this week - watch the video for essential tactical information in the fields of Forex!
U.S. stocks are set to open lower Friday, continuing the recent selloff with investors' confidence hit by a combination of pandemic, economic and political worries
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.