GBPUSD retreat from eight-month highs as British investors enjoying a bank holiday in the U.K. after strong gains on Friday session. A weak USD has sparked a rally in most G7 currencies
Job Title:
Forex Analyst
Home Location:
London, United Kingdom
Education:
Finance at Golden Gate University
Expertise:
Technical Analysis · forex · Stocks · Crypto · Writing
Knows About:
Technical Analysis · forex · Stocks · Crypto · Writing
Summary:
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
PositionForex Analyst
JoinedOct 07, 2021, 13:51 BST
Articles2470
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
Skills: Technical Analysis · forex · Stocks · Crypto · Writing
ASX 200 index gives up early gains and turns lower despite the positive momentum in Wall Street, with Nasdaq and S&P 500 ending the Friday session in fresh record highs.
Dax index trading lower for the second straight day, ignoring the positive momentum in Wall Street. Dow Jones ended higher while the S&P 500 hit another record
Nikkei 225 fell on late trading after reports that Prime Minister Shinzo Abe will resign due to health problems. The other major Asian indices ended mostly higher.
Bitcoin price continues to feel the selling pressure after the recent sharp correction. Bitcoin rally stalled at 12,462 and the correction that started two weeks ago continues despite the risk-on sentiment in the markets
FTSE 100 continues to underperform the major global indices as the Brexit negotiations deadlock weighs on investors sentiment.
Asian stocks are trading slightly lower on Thursday ahead of Jerome Powell speech in Jackson Hole. Asian indices hover close to six-month highs as the rally in Wall Street continues
USDMXN rebounds today after the greenback gets a hand from better U.S. economic data. The U.S. Durable Goods Orders registered in at 11.2% well above the estimates of 4.3% in July.
S&P 500 started higher for one more day after better than expected Durable Goods Orders. The Durable Goods Orders came in at 11.2% well above the expectations
GBPUSD is muted today ahead of the critical speech by Jerome Powell in the Jackson Hole Symposium. Investors will look for signals on what measures the Fed will take to increase the inflation