Blogs

GBP/USD is in danger of falling to the low at 1.2166 reached on April 6 as concerns about a second wave of coronavirus infections drive traders towards safe havens such as the US Dollar.

The US Dollar may rise if demand for liquidity in times of unprecedented uncertainty is amplified after US jobless data is published following Fed Chairman Jerome Powell’s warning.

A stronger US Dollar and dismal economic data out of the UK helped to push the GBP/USD pair to below the $1.22 level in London trading.

Japan is expected to lift the state of emergency in 39 prefectures, according to an announcement the Prime Minister Shinzo Abe delivered

Speaking after the Federal Open Market Committee (FOMC) on Wednesday, Federal Reserve Chair Jerome Powell dashed any trader expectations that the central bank would bring interest rates

Stocks continue to decline; Yen and Dollar rise as Fed rules out negative rates, gold and oil consolidate

The series of negative US economic data results has not ended yet.

The pressure on the USD/JPY, continued until it reached the 106.75 support, giving up gains of the last two trading sessions,

Los datos económicos del Reino Unido publicados ayer sorprendieron al alza pero confirmaron el masivo impacto negativo de la pandemia del Covid-19.

For the tenth consecutive day, the GBP/USD pair is in a strong downtrend, it pushed it towards the 1.2209 support,