Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Week Ahead: FOMC and Quarterly Earnings from Apple,…
It will be another busy week ahead with investors gearing up for virus updates, geopolitical tensions, key economic data and the FOMC meeting. The global number of coronavirus cases crossed 16 million this weekend and…
GBP/USD is Trading Mostly Flat in the International…
[caption id="attachment_369176" align="alignnone" width="630"] GBP/USD Hourly (H1) Chart[/caption] GBP/USD: The pair is trading mostly flat in the international market today but showed clear signs of positive bias as an update from UK Brexit negotiators that…
GBP/USD is Trading Flat Today but Holds Firm…
[caption id="attachment_368838" align="alignnone" width="609"] GBP/USD Hourly (H1) Chart[/caption] GBP/USD: The pair is trading flat today but holds firm above 1.26 handle. While USD weakness helps keep price afloat, Brexit concerns weigh down GBP, preventing the…
Global Stocks Were Mixed While GBP Continues to…
Equity Markets Amid a relatively subdued calendar, global stocks traded mixed across the board. Investors are rattled by the rising number of cases that are threatening the recovery in the global economy, improving economic data…
GBP/USD is Trading Positive in Today’s Mini-Budget
[caption id="attachment_368668" align="alignnone" width="680"] GBPUSD Hourly (H1) Chart[/caption] GBP/USD: The pair is trading positive as hopes for additional stimulus in today’s mini-budget announcement comes into focus. But, German Chancellor Merkel’s comments stating Brexit talks made…
GBP/USD is Trading with Positive Momentum
[caption id="attachment_368599" align="alignnone" width="617"] GBPUSD Hourly (H1) Chart[/caption] GBP/USD: The pair is trading with positive momentum and is attempting to breach the 1.26 handle as EU Barnier is set to meet his UK counterpart Frost…
GBP/USD is Mostly Trading Flat in the Upper…
[caption id="attachment_368421" align="alignnone" width="688"] GBPUSD Hourly (H1) Chart[/caption] GBP/USD: The pair is mostly trading flat in the upper half of 1.24 handle. While the pair did test 1.25 over the news of Brexit negotiations being…
The Concerns of Brexit Proceedings Weighed Down GBPUSD
[caption id="attachment_368224" align="alignnone" width="619"] GBPUSD Hourly (H1) Chart[/caption] GBP/USD: The pair is trading with clear dovish bias as concerns over escalating COVID-19 victim count in the UK and concerns of Brexit proceedings weighed down GBP. …
