Trading news

Fear of national lockdown kept the Pound under pressure – GBP/USD Market Outlook – 30/10/2020

The Cable drops for the third consecutive day towards 1.29 on chatters of UK national lockdown, breaking below the 1-month bullish trend line. On the other hand, the Brexit deadlock continues as the British government refrains from backing down on the fisheries, keeping the pressure on the Pound. Today, if 1.29 is broken, we could see further weakness towards 1.2865 and possibly beyond.

Support: 1.29/ 1.2865
Resistance: 1.2940/ 1.30

SquaredFinancial Daily Market Outlook

TRADE NOW

SquaredFinancial Review 

Friday, 30 Oct, 2020 / 9:03

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.squaredfinancial.com/learn/daily-market-outlook/fear-of-national-lockdown-kept-the-pound-under-pressure-gbp-usd-market-outlook-30-10-2020

Trading news

 

Oil Hits A 9 Month High

Oil Boosted By Better Risk Sentiment Crude prices have enjoyed a strong rally [...]

Posted on Thursday, 26 Nov, 2020 / 11:39 under

Sunak Announces Historical Borrowing

Dollar Keeps Falling from Grace The US index sank by 0.12% on Wednesday as it [...]

Posted on Thursday, 26 Nov, 2020 / 11:38 under

Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]

Posted on Thursday, 26 Nov, 2020 / 10:03 under