Trading news

Pound Bears Remain in Control – GBP/USD Market Outlook – 15/09/2020

The Pound back-tested the broken trend line yesterday but was unable to break above it as the controversial Brexit bill weighed on the Sterling, signaling that the bears were still in control. Today, any upside potential was capped so far by the mixed jobs data after the UK reported an increase of the unemployment rate to 4.1% while jobless claims rose less than expected. The bulls, however, will remain in the fight in an attempt to retest yesterday’s highs as long as price remains above today’s lows at 1.2815. If that level is broken then 1.2770 will likely be retested.

Support: 1.2815/ 1.2770
Resistance: 1.2920 / 1.30

SquaredFinancial Daily Market Outlook

TRADE NOW

SquaredFinancial Review

Tuesday, 15 Sep, 2020 / 7:49

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/pound-bears-remain-in-control-gbp-usd-market-outlook-15-09-2020

Trading news

 

BoE clips pound’s wings, equities brace for turbulence

  Sterling capsizes after BoE opens door to negative [...]

Posted on Friday, 18 Sep, 2020 / 8:47 under

DAX remains in a range – DAX 30 Market Outlook – 18/09/2020

European equities continue to trade in a range between 13135 support and 13300 [...]

Posted on Friday, 18 Sep, 2020 / 8:35 under

OIL breached above the 200-daily SMA – US OIL Market Outlook – 18/09/2020

WTI Crude breached the 200 period SMA on the daily chart, hitting our long [...]

Posted on Friday, 18 Sep, 2020 / 8:20 under