
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
Don’t waste your time – keep track of how NFP affects the US dollar!
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Deutsche Bank, a well-known German investment bank, has raised its growth forecasts for the UK for the current year. The bank claimed the British economy will almost fully recover to its pre-pandemic levels by the end of the year. Unlike the UK, the forecast for the EU was downgraded. While the Euro Area pauses its vaccination campaign, the UK keeps the current pace, which should help the country to rebound faster.
The market optimism over the UK will underpin the pound and help it to rally up further. Besides, the worse-than-expected US sales data came out today and pushed GBP/USD upwards, allowing GBP/USD to regain its recent losses. If it manages to break the 50-period moving average of 1.3900, the way up to the intersection of the 100-period moving average and the 38.2% Fibonacci retracement level of 1.3950 will be open. It seems that the bullish potential is really strong, so we may expect a further rising. The breakout above 1.3950 will lead the pair to the psychological mark of 1.4000. Support levels are at the intraday low of 1.3800 and the next round number of 1.3750.
Follow the Bank of England's statement this Thursday at 14:00 MT time! To get ready for this event, read our article "Will the GBP stay steady?"
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
Morgan Stanley, a huge investment bank, has warned investors about a “risk” not having Tesla stock.
On April 15, Bank of America and Citigroup report their earnings in the first quarter of 2021. Are they equally good?
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
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