Strategy
Buy EUR/GBP at 0.9000. Stop at 0.8860 and profit target at 0.9350
Technical View
Price has been moving in an uptrending channel since the beginning of May 2020.… Read More
Tag: EUR/GBP
FX Commentary – China’s Yuan Strengthened On CSI 300 Index’s New 5-Year High
Market Talk
- The dollar held steady against most currencies on Monday after a long weekend holiday as investors awaited data expected to show the U.S.
FX Commentary – US Economic Data Keeps US Dollar Strong
Market Talk
Conflicting commentary on the Sino-U.S. trade dispute, better-than-expected Markit PMI data and better Michigan consumer sentiment, gave the dollar a leg up on its peers on Friday after European Union PMI numbers disappointed earlier in the day.… Read More
FX Commentary – UK Parliament Decides On Saturday
Market Talk
– The British pound traded near a five-month high against the dollar and the euro after British Prime Minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc, averting a disorderly exit at the end of Oct 31.… Read More
FX Commentary – Brexit Negotiation Continues
Market Talk
– The dollar found support on Thursday after having weakened on lackluster U.S. retail data, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal.… Read More