The market sentiment improved amid the slowdown in virus cases. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
Tag - gbp
The current slowdown in new virus cases in the USA improved the market sentiment. Sino-American tensions are escalating. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
GBP/USD formed a pin bar with a long lower shadow – a short-term bullish sign.
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The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
The USD has stopped its depreciation against riskier assets... for a while.
The USD has finally tried to strengthen versus other major currencies…
The British pound is climbing up for the 7th day in a row. Will it keep rallying?
The worsening Sino-American relations and the still-there virus in the US finally pushed gold to its all-time highs and got the USD under heavy pressure across the board.
GBP/USD seems to be bouncing downwards. Where will that end?