AUD/USD fell to its lowest levels since December 11th on Wednesday, as concerns mount over the impact of the Coronavirus on China’s economy.
Forex News and Analysis
Looking at the GBP/USD daily chart we can see that price is trading within a pennant pattern but threatening a possible breakout to the downside. The 200-period simple average, currently at 1.2687, represents potential support and a major line in the sand between the bulls and bears.
Investors now turn their attention to the ECB monetary policy statement and press conference scheduled to take place this Thursday.
In our January interview we catch up with Pierce Crosby, General Manager of TradingView, one of the fastest growing and most exciting fintech companies in the world.
Founder of Trading Heroes Hugh Kimura dishes on everything from his start in trading to his outlook on the markets.
News and Research
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