The British pound outperformed the Sweden Krona, but may be pressed down by fears over no-deal Brexit. Let's discuss it in detail!
Tag - technical analysis
China’s economy continued its rebound from the coronavirus pandemic, with a round of key data for August all coming in above expectations.
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover.
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
GBP/USD is now poised to retest the key support level at 1.3000. Jump in for the technical analysis!
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.
The market sentiment is mixed, but still, there are some interesting movements. Let’s have a closer look.
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.
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.
The US dollar continues climbing up, while the euro and the pound are dipping. Let’s have a closer look.
The JPY is the strongest and the GBP is the weakest as the European afternoon session begins. Jump in for the fresh analysis!