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Sustained USD selling assisted GBP/USD to gain some traction on Monday. The upbeat market mood continued undermining the safe-haven greenback. Concerns over rising COVID-19 cases, Brexit uncertainties capped the upside. The GBP/USD pair built on Friday's intraday bounce of around 50 pips and gained

Gold kicked-off a fresh week on the defensive amid the upbeat market mood, although held onto the $1770 level. The stimulus expectations led rally on the global stocks could likely weigh on the safe-haven. Key technical levels to watch. The Technical Confluences Indicator shows that the yellow metal

#SPX500USD# The 3 wave structure of the BEAR MARKET RALLY since March lows is more clear on the Dow and sector ETFs - especially XLF . Elliot wave theory calls for going to March lows again. June 8 was the end of this bear market rally and we are now completing wave c of 2 of the larger C wave

Cable’s potential advance to the 1.2580 region in the short-term horizon seems to be losing momentum for the time being, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted last Friday “momentum has eased considerably and GBP has likely moved into a consolidation/correcti

GBP/USD remains depressed after taking a U-turn from 1.2490. Two-week-old resistance-turned support could restrict immediate downside. Bulls will have to cross June 24 top to confirm further advances. GBP/USD eases from 1.2490 to currently around 1.2465 during the initial hour of Tokyo open on Thur