Pair: XAUUSD (GOLD)
Order Type: Sell
Price: 1919.50 (Market price)
Take Profit: 1890.00
Stop Loss: 1929.00
Order Type: Sell
Price: 1919.50 (Market price)
Take Profit: 1890.00
Stop Loss: 1929.00
Pair: GBPUSD
Type: Sell
Price: 1.2985 (Market price)
Take Profit: 1.2910
Stop Loss: 1.3040
Type: Sell
Price: 1.2985 (Market price)
Take Profit: 1.2910
Stop Loss: 1.3040
Pair: EURUSD
Type: Sell
Price: 1.1797 (Market Price)
Take Profit: 1.1780
Stop Loss: 1.1812
Type: Sell
Price: 1.1797 (Market Price)
Take Profit: 1.1780
Stop Loss: 1.1812
GBP/USD: Cable's Stable Floor Around 1.28 But Uncertainty Is Acute - TD
TD Research discusses GBP outlook and sees GBP/USD making a stable floor around 1.28 in the near-term.
"A deal remains our baseline scenario. A No-Deal outcome is still possible, however. With the 31 December deadline approaching, chances of an accident have likely risen, though sit around 20%." TD notes.
"Brexit remains a major risk, but we now see this more in tactical than strategic terms. The range of outcomes has narrowed and the “Deal” on the table represents a very hard Brexit...At current levels, most of Brexit’s damage may already be priced, but the situation remains highly fluid, and uncertainty is acute," TD adds.
TD Research discusses GBP outlook and sees GBP/USD making a stable floor around 1.28 in the near-term.
"A deal remains our baseline scenario. A No-Deal outcome is still possible, however. With the 31 December deadline approaching, chances of an accident have likely risen, though sit around 20%." TD notes.
"Brexit remains a major risk, but we now see this more in tactical than strategic terms. The range of outcomes has narrowed and the “Deal” on the table represents a very hard Brexit...At current levels, most of Brexit’s damage may already be priced, but the situation remains highly fluid, and uncertainty is acute," TD adds.
Pair: GBPUSD
Type: Sell
Price: 1.3070 (Market price)
Take Profit: 1.2880
Stop Loss: 1.3140
Type: Sell
Price: 1.3070 (Market price)
Take Profit: 1.2880
Stop Loss: 1.3140
Sarowar Jahan - Professional Forex Trader
Pair: GBPUSD Type: Sell Price: 1.3070 (Market price) Take Profit: 1.2880 Stop Loss: 1.3140
😎😎😎 GBPUSD 😎😎😎
TP Hit - 190 Pips ❤️❤️❤️
TP Hit - 190 Pips ❤️❤️❤️
Pair: GBPUSD
Type: Sell
Price: 1.3135 (Market price)
Take Profit: 1.3010
Stop Loss: 1.3180
Type: Sell
Price: 1.3135 (Market price)
Take Profit: 1.3010
Stop Loss: 1.3180
GBP/USD: Brexit A Sideshow For Building COVID Risks; Staying Short - MUFG
MUFG Research maintains a bearish bias on GBP/USD, expressing that via holding a short position targeting a move towards 1.2630.
"The rates market is slowly pricing in a greater chance of negative rates in 2021. By the August 2021 MPC meeting, OIS market pricing implies a 90% probability of Bank Rate falling to -0.10%. First to come is likely to be more QE highlighted yesterday in comments by Gertjan Vlieghe that the outlook for monetary policy was “skewed towards adding further stimulus”. Indeed, more QE in November is looking likely now," MUFG notes.
"In many ways, Brexit is somewhat of a side-show to the building risks as COVID spreads that clearly will increasingly undermine GBP performance. We continue to see downside risks, reflected in our FX trade idea from last Friday," MUFG adds.
MUFG Research maintains a bearish bias on GBP/USD, expressing that via holding a short position targeting a move towards 1.2630.
"The rates market is slowly pricing in a greater chance of negative rates in 2021. By the August 2021 MPC meeting, OIS market pricing implies a 90% probability of Bank Rate falling to -0.10%. First to come is likely to be more QE highlighted yesterday in comments by Gertjan Vlieghe that the outlook for monetary policy was “skewed towards adding further stimulus”. Indeed, more QE in November is looking likely now," MUFG notes.
"In many ways, Brexit is somewhat of a side-show to the building risks as COVID spreads that clearly will increasingly undermine GBP performance. We continue to see downside risks, reflected in our FX trade idea from last Friday," MUFG adds.