EUR/GBP news and strategies from FBS analysts
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
Chinese HK50 turned up, the USD is supported by strong retail sales figures, gold will try to consolidate after a decline, and oil needs correction.
The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.
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