If you look on the weekly chart of GBP/JPY. You will see that the pair has ran into resistance of the 200- and 100-week MAs.
Tag - gbp
Today, the UK parliament starts the debate on Boris Johnson's Brexit paper. What are the likely consequences for the GBP?
The 2020 year has started and the direction of the markets is unclear especially due to the US-Iran tensions. Take a fast look at the major events that will determine markets’ direction in January 2020.
The US dollar has been trying to recover after the suffering in the last days of 2019.
Coming to the year-end, the USD is the weakest among the majors. The USD's slip may prolong in 2020. Get clues on the risks for the USD and check the direction of EUR/USD, GBP/USD, USD/JPY, USD/CHF, and XAU/USD.
The economic calendar doesn't provide interesting events to trade on. Let's take a look at the technical setup to get signals. EUR/USD, GBP/USD, USD/JPY, and XAU/USD are under consideration.
Market sentiment was supposed to improve due to the positive comments about US-Sino trade tensions.
Parliament Brexit Vote is the major event that will affect not only the British pound but market sentiment in general.
Analysts expect the interest rate to remain unchanged at 0.75%, but there will be some more interesting things to follow during the event.
We’ve got plenty of news and important releases since yesterday. Did they have a major impact on the market, though?
The Parliamentary elections boosted the British pound to highs of March 2019. Analysts predicted the positive outcome if Johnson’s party takes the majority. But why analysts predict the fall of the GBP?
The economic calendar signals pressure on the GBP and the JPY due to the central banks' meetings.