The GBP/USD pair has failed on its initial test of the mid-September high at 1.3008. The market charted an outside day to the downside and although we are unable to rule out a slightly deeper move to 1.3070, this seems less likely, according to Commerzbank. “Should the market fail in the 1.3000/70 zone as expected, we should see further losses to 1.2445 and then 1.2250/00”. EUR/USD is now seen navigating between 1.1640 and 1.1820 for the time being. The pair is currently trading near 1.1730, having hit a low of 1.1725. The U.S. Dollar Index edged up 0.19% to 93.922. The cancellation destroyed the sense of calm regained in the market after he was discharged from Walter Reed on Monday after being treated for COVID-19, and decreased risk appetite as hopes for the stimulus measures to be passed before the Nov. 3 presidential election evaporated. The USD/JPY pair inched up 0.06% to 105.68. 8:30am Halifax HPI m/m 1.50% vs 1.60% 1:10pm ECB President Lagarde Speaks 7:00pm FOMC Meeting Minutes
Under no circumstances should any information presented on this website, "SYFX", be construed as an offer to sell, or solicitation of any offer to purchase, any securities or other investments. This website does not contain the information that an investor should consider or evaluate to make a potential investment. Offering materials relating to investments in entities managed by SYFX are not available to the general public.
To view this content, you must agree to the following terms, in addition to and supplementing the SYFX Terms of Use and Privacy Policy:
I confirm to SYFX and agree that:
I understand that this website does not contain the information I would need to consider for an investment, and that such information is only available to a limited group of persons and institutions meeting specified criteria.
I understand that this website has not been reviewed or approved by, filed with, or otherwise furnished to any governmental or similar authority, and is intended only to provide limited information to members of the public who have a legitimate interest in that information for reasons unrelated to making investments.
I understand that when SYFX makes third party information available, SYFX generally will not have verified statements made by the third party, and the presentation of information may omit important information.
I understand that third party materials such as live interviews made available by SYFX generally will not have been edited by SYFX and statements in those materials by individuals associated with SYFX should be understood in the conversational context in which they were made, which may include providing historical background.
The content constitutes the proprietary intellectual property of SYFX or its licensors and that I will not directly or indirectly copy, modify, recast, create derivative works, post, publish, display, redistribute, disclose, or make available the content, in whole or in part, to any third parties, or assist others to do the same, or otherwise make any commercial use of the content without the prior written consent of SYFX.
By registering my information below and clicking "Agree," I certify that I have read, understand and agree to the foregoing Disclaimer, Terms of Use and Privacy Policy.