Trade Idea (2020-10-14) GBP fell to 1.293

Trade Idea

Good morning.

Yesterday’s US stocks fell in all three indices.

The foreign exchange market was dominated by risk-off USD buying. EURUSD fell to 1.173. By UK-EU trade negotiations remain difficulty, GBPUSD broke below1.30, which recovered on last Friday, and fell to 1.293.

Foreign exchange market is losing direction by GBP. It had better wait and see until 15th, which is deadline set by UK.

EURUSD H1 (Please click the chart to enlarge.)

GBPUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength

US market yesterday

DJIA: 28,679.81 (-157.71, -0.55%)
NASDAQ: 11,863.9 (-12.36, -0.1%)
S&P 500: 3,511.93 (-22.29, -0.63%)
GOLD: 1,894.8 (+0.2)
OIL: 40.23 (+0.03)
US 10-YR: 0.732 (+0.005)
VIX: 26.07 (+1)

Asian market today

Nikkei: 23,565~ (-36)
CME Dow future: 28,628~( -51 Dow)

Economic indicators today

GMT 12:30 (US) PPI