GBP/JPY has formed a higher low, retraced 50% of the February-March decline, closed above 134.40 on Wednesday and is trading above the March high.
Tag - gbp
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N
Most of the currency pairs are in a consolidation, oil is waiting for the OPEC+ deal.
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
The coronavirus, the shocking levels of the key economic indicators and the OPEC+ meeting are at the center of this report.
The week starts with weaker JPY and GBP, USD stays strong, gold rises to $1,620, and oil hopes for OPEC+ supply cut resolution.
Global coronavirus cases have surpassed 1 million, US unemployment claims have doubled, oil has soared, and NFP will come out in a few hours. Watch the video and learn more about the market!
How does the GBP/USD look like?
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
As today is the last day of the first quarter, let’s look at the performance of the major currency pairs and analyze what may come next for them.
A new trading week has started! Find out what awaits EUR/USD, GBP/USD, USD/JPY and other currency pairs.