In a nutshell: no Brexit deal reached so far, the GBP is fluctuating.
Tag - aud - australian dollar
Will the AUD keep pushing to the upside or go into a bearish reversal?
Asia-Pac bourses traded positively as the region took impetus from the record highs on Wall St. Asian shares rose to a record high and U.S. stock futures
EUR/USD, GBP/USD, AUD/USD, and XAU/USD have reached interesting technical levels. Traders are hoping that the US authorizes the Pfizer vaccine this week. They also want to know how the dinner between the UK Prime Minister Boris Johnson and European Commission Ursula von der Leyen goes and how it will influence Brexit.
The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
Further bearish pressure will lead AUD/JPY to retest the previous lows of 77.00.
World shares and other risk assets fell on Monday as growing risks of a no-deal Brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in Europe and the United States.
Strengthening of the USD got both AUD/USD and NZD/USD down. How to trade it?
EUR/AUD rose to 1…
The USD has become soft. What's the tactical outlook against its main counterparts?
EUR/USD shot up to 1.2070, while gold returned above $1 800. What's next? Watch the video to find out!
A lot of news came out that may impact the market. It’s surely not the time to rely only on technical analysis!