Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
Tag - gbp
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
Does the British pound have anything to say against the USD?
Does the pair still have the potential to the upside?
Investors are still indecisive between the second wave virus fears and smoother recovery hopes, so we have unsure shaky risk-on spots at a generally mixed market background.
2020 is the final year of Brexit. Will the GBP improve once it's over?
The USD lost it's value across the board as the market got risk-on mood back; at the same time, gold climbed to $1,770 paving the way to $1,800.
EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support.
Mixed messages from the US policymakers and mixed market sentiment. Watch the video to great ideas for trading in such an environment!
Investors are confused as both negative and positive factors weigh on GBP. Which side will win?
Risk-averse weakened and riskier assets climbed up. Let’s have a closer look.
Markets consolidate before making bigger moves. Watch the video to discover the outlook for the major pairs!