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!
Tag - gbp
US stock markets look set to break a four-day losing streak later, with the futures contracts for all three major indices trading higher in the overnight session.
The year 2020 is finally coming to an end. Finally. Let’s see what happened in the Forex market during that year and try to figure out what may happen in the next one.
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.
European stock markets are seen opening mixed Monday, with investors adopting a cautiously optimistic stance after Brexit negotiations were extended past the Sunday deadline.
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?
UK PM Johnson: It is looking very, very likely we will have a no-deal Brexit
The British pound is going down. To where?
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!
Looking ahead, highlights rom macroeconomic calendar include UK GDP and output data, Swedish inflation, ECB rate decision & press conference, US CPI, IJC, EU Council Meeting, BoC's Beaudry, FDA EUA meeting
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.