Stock futures rose in the beginning of the week, setting stocks up to add to last week’s record levels as markets reacted to positive developments over the COVID19 treatment.
Tag - gbp
The last summer days... Let's draw some conclusions from what we have seen since June so far and check our tactical market lense.
The British pound outperformed the euro and the US dollar after the better-than-expected PMI. However, Brexit deadlock pushed the GBP down.
The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
Where is GBP/USD going? See the long-term and short-term technical layout for this important currency pair.
USD/CHF is now testing the key resistance at 0.91519
The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months of this year in equity markets.
Most currency pairs with the USD are in consolidation currently as the USD has stalled its depreciation spree.
GBP/JPY: the pair is now trading slightly above the Kijun Sen. A failed attempt to move higher will lead GBP/JPY below the Kijun Sen.
The USD is weak against most riskier assets today; gold is at $2,000, WTI oil at $42.5. Watch the video for more levels.
GBP/USD is now gyrating the daily pivot point at 1.3308
The British pound keeps rallying for the second day, despite the overall sell-off on the market. What are the reasons?