Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/GBP: going down?
Information is not investment advice
Brexit is still hanging. The EU Summit didn’t give any conclusive signal to the UK. Nor did the European Union’s member states come to an agreement between themselves no how hard they should stick to the red lines and how impenetrable those red lines are for the EU. In any case, Boris Johnson is supposed to decide whether he wants to walk away from the negotiations or continue them – today. The day has just begun in the UK and EU, and hours are ticking.
In the meantime, EUR/GBP is going further and further down pressed by the channel resistance. In the last episode, the currency pairbounced downwards from 0.9080. If the logic of the movement stays the say, we will see 0.9000 reached pretty soon. But the day isn’t over and the tension is high: reversals are possible in all directions. That’s why watch 0.9040 on the downside as well, and look for trend reversal chart formations to make sure there is no surprise from bulls. Or bears.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?