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GBPUSD - Market Outlook: Tesco dips on bank bad loan provisions, US banks flip on Fed stress tests and Volcker Rule change
Tesco shares slipped on the open despite surging sales online and in-store. Due to the economic situation and expected rise in unemployment, the company has increased provisions for bad debts at Tesco ...
USD trades soft after previous day's gains
But the gains could be capped near the 1.1261 level where resistance might come in. If price fails to breakout above 1.1261, then we expect a move lower, potentially to the 1.1132 level of support.
The Dollar Index: The Opportunity Before the "Still-Unfolding Pattern"
After its March peak, the Dollar Index went mostly sideways. Yet the Elliott Wave pattern in late April pointed to an opportunity ahead in May and June. See for yourself what followed. U.S. Dollar: ...
The Coronavirus Currency
US Dollar Strengthens on Second Wave Fears, but Upside Likely Limited by Prospect of Further Stimulus - The USD is behaving like a classic safe haven each time the coronavirus bec ...
Mid-week Technical Outlook: G10 Currencies Gain as Dollar Stumbles
The mighty Dollar has weakened against every single G10 currency this week after positive data from Europe revived hopes for global economic recovery and boosted appetite for riskier assets. As ...