EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Jun 11, 2020 when EUR/GBP traded near 0.90.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2ZvHNiK
via IFTTT

Gold Rally Challenging Major Uptrend Resistance into Q3

Gold prices surged a staggering 23% off the March lows with the rally testing multi-year uptrend resistance- Can the rally be sustained into Q3? These are the levels.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2NSUgr7
via IFTTT

EUR/USD Technical Analysis: Euro Coiling Up for a Breakout?

The Euro may be coiling up for a breakout against the US Dollar after a month of choppy consolidation. Overall trend dynamics hint at a bearish bias.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/38pj0k9
via IFTTT

British Pound Begins Countdown to Hard Brexit – The End is Nigh?

Without an extension in place, the UK is on a path to formally Brexit in a ‘hard’ fashion: without a new EU-UK trade deal. The end is nigh? Not quite.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2YVOxaC
via IFTTT

British Pound Begins Countdown to Hard Brexit – The End is Nigh?

Without an extension in place, the UK is on a path to formally Brexit in a ‘hard’ fashion: without a new EU-UK trade deal. The end is nigh? Not quite.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2YVOxaC
via IFTTT