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Day: October 20, 2020
October 202020
US Dollar Erases Gains As Nancy Pelosi Says Stimulus Deal Possible by Dayâs End
The US dollar erased its gains on Tuesday and deepened into negative territory after House Speaker Nancy Pelosi revealed that a coronavirus stimulus and relief package could be done by the dayâs end. This sent stocks and other asset classes rallying as investors were confident that the White House and the Democratic leadership could reach an agreement over a $2 trillion bill. One day after telling President Donald Trump […]
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October 202020
GBP/USD Encountering Bearish Resistance at 1.3000?
The Great Britain pound versus the United States dollar currency pair seems to limit the bullish efforts. Are the bulls out of steam? Long-term perspective The rally that started from the 1.1476 firm support level extended above 1.2092 but was stopped by 1.2514, leading to a consolidative phase. This phase printed the low of 1.2075 before validating 1.2092 as support and thrusting to the 1.2818 high. The retracement that came about from 1.2818, […]
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