Tag - gbp

The pair approaches the significant resistance at 61.8% Fibo level. Look for the breakout!

The market sentiment deteriorated amid fresh US-China tensions. Also, investors remain cautious as increasing virus cases may damage economic activity again. Stocks and risky currencies dropped, as well as gold. These days the yellow metal tends to move together with risk assets.

Stock indexes and gold are setting new highs, the USD is going through challenging times and the CAD and the EUR await decisions of their central banks. Watch the video to prepare for this week's trading! 

Risk-on is back on the market. EUR, GBP and stocks are in favor. Gold is rising too as investors try to hedge their risk investments.

Risk sentiment became off by the end of the week. Watch the video to explore the interesting patterns which present themselves on the charts!

GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.

Almost all currencies have loosened against the greenback today, but the GBP keeps rallying. How is it possible?

Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.

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.