The British pound today fell against the much stronger US dollar as markets waited for a fiscal stimulus package to be announced by the US government. The GBP/USD currency pair was also weighed down by British politics as the government gave up its massive majority in a crunch vote on Huawei. The GBP/USD currency pair today fell from an initial high of 1.3088 to a low of 1.2899 in the American session and was near these lows at the time of writing. […]
Read moreThe US dollar is rallying against several currency competitors on Tuesday as the stock market bounces back following Black Monday 2020. But is the spark triggered by central bank stimulus and expected cuts to interest rates at next weekâs policy meeting or is it a dead cat bounce. Where does the greenback go from here? Financial markets are trying to pare Mondayâs steep losses. The Dow Jones, the S&P 500, […]
Read moreThe Great Britain pound versus the Canadian dollar currency pair gapped above the important long-time resistance area of 1.7811. Long-term perspective After confirming the weakened support area of 1.5936, the price started to move upward, passing two important levels, 1.6413 and 1.6620, respectively and confirming 1.7811 as resistance. After that, it went into a consolidation phase that began to look very alike a symmetrical triangle but towards its end […]
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