GBPUSD Still Faces Significant Brexit-Related Risks
After a 300-pip rally on Tuesday, the GBPUSD is unsurprisingly taking a breather today. Tuesday’s upsurge came on the back of news Theresa May called for a snap general election.
After a 300-pip rally on Tuesday, the GBPUSD is unsurprisingly taking a breather today. Tuesday’s upsurge came on the back of news Theresa May called for a snap general election.
US equity markets continued to wallow again yesterday, as risk on appetite wanes as global tensions continue to weigh on risk asset classes, bringing to a halt the strong bullish moves post Trump.
ICMA-RC CIO Wayne Wicker on how the timeline for the Republican fiscal policies will potentially impact the markets.
The EURUSD pair rally during the day on Tuesday, reaching towards the 1.07 level.
As markets return to full participation following the Easter recess, and as a new trading week get’s underway, I thought it would be apposite to consider the three primary currencies of the US dollar, the yen and the euro on the daily timeframes.
China increased its holding of U.S. Treasury securities in February after cutting 7.3 billion U.S. dollars in the previous month, the latest data from the U.S. Treasury Department showed on Monday.
The EURUSD pair rally during the day on Monday and relatively thin conditions as Europeans would’ve been celebrating Easter Monday.
The AUDUSD pair rallied during the Monday session, testing the 0.76 level.
AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already.
GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart,