The downward pressure on the GBP/USD pair during last week's trading pushed it towards the 1.2265 support.
Blogs
EUR/USD Technical Analysis: Downtrend Did Not Stop
Despite the EUR/USD attempt to avoid more downward pressure benefiting from the weak results of the US jobs report in the Corona era, the trend still supports more losses, as the pair fell towards the 1.0766 support, its lowest in two weeks.
USD/INR: Will Enforced Resistance Zone Result in More Selling?
India faced its last contraction in 1980 with a 5.2% decrease. Before that, only four other annualized recessions were reported, three of them below the 1.0% mark.
New Zealand Dollar Recovers as Risk Appetite Surges
Last week, the New Zealand dollar gained 1.09 percent against the US dollar, recovering from the previous week's losses.
OPEC+ source: OPEC+ wants to keep oil output cuts of 9.7 million BPD beyond June
Four OPEC+ sources Four OPEC+ sources are saying: Given the oversupply and uncertainty of demand as a result of the coronavirus, the decision makes sense.
Dr. Fauci: US is in phase 1 clinical trial of a vaccine
Testifying to Senate Dr. Fauci is testifying to the Senate (via a remote connection). The White House medical advisor says: See here for global coronavirus case data
US inflation data and Fed speahim k
Risk sentiment flows in play There had been some concern around escalating US-China and Australian-China trade tensions earlier in the day, which had been weighing on risk sentiment, though it seems the release of a much better than expected US NFIB small business survey has helped to restore investor confidence on this very light calendar [&hellip
Major indices open higher but give back some of the gains
NASDAQ stocks trading lower on the day The US stock market open higher but is seeing some of those gains eroded in early New York trading. The NASDAQ index moved into negative territory but is trading above and below that level currently. The Dow industrial average - which was the weakest of the major indices yesterday […]