The pound has slumped against other major currencies amid fears over the no-Brexit deal. More details have recently come out over EU-UK tensions. Let’s get into them straight away.
Tag - technical analysis
The market sentiment is mixed, but still, there are some interesting movements. Let’s have a closer look.
ECB President Lagarde offered EUR/USD a free pass to head higher.
ECB September forecasts see higher inflation in 2021, Lagarde says that there is no need to overreact to euro gains.
The Mexican peso can have a breather as the USD is losing its grip. Read the article and use what you see.
With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines.
EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Global markets again went their separate ways, with the Japanese, Korean and Chinese markets all falling heavily while European ones rose. Oil prices rebounded overnight as a degree of stability returned to risk assets.
The rout in tech stocks in the US over the last day has been a stiff test of nerve for European markets but one to which they appear to be equal, at least for now.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.
2020 has proved that the market can crash without warning. Whether the market falls or not, some stocks always remain interesting for investors.
Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend.