In a nutshell: no Brexit deal reached so far, the GBP is fluctuating.
Tag - jpy - japanese yen
The mid-term perspective suggests there is a high likelihood of a slide downwards with EUR/JPY. Why? See the article.
Asia-Pac bourses traded positively as the region took impetus from the record highs on Wall St. Asian shares rose to a record high and U.S. stock futures
EUR/USD, GBP/USD, AUD/USD, and XAU/USD have reached interesting technical levels. Traders are hoping that the US authorizes the Pfizer vaccine this week. They also want to know how the dinner between the UK Prime Minister Boris Johnson and European Commission Ursula von der Leyen goes and how it will influence Brexit.
US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.
All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down.
Further bearish pressure will lead AUD/JPY to retest the previous lows of 77.00.
World shares and other risk assets fell on Monday as growing risks of a no-deal Brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in Europe and the United States.
UK reportedly reaffirms that there is no progress on fisheries, says EU is 'literally making it up'
Asian shares scaled a record high on Friday on growing prospects of a large U.S. economic stimulus package, while hopes that coronavirus vaccine rollouts will boost the global economy underpinned investor sentiment.
The USD got slightly stronger ahead of the NFP today - watch the video to get the key levels to trade!
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs