Good and bad news

FreshForex

GBPUSD trading plan:

Good and bad news. Britain cannot sustain the level of borrowing it has undertaken to support the economy through the COVID-19 pandemic, finance minister Rishi Sunak said. "The appropriate thing is to be bold and decisive in the response and try and protect as much of the economic capacity we have as possible. We can borrow this year to do that. That's not something we can or should sustain." Rishi Sunak said. This is a negative signal for the British currency. The three-month dollar Libor rate is below 0.25%. This indicates a surplus of dollars. The range of dollar rates set by the US Federal Reserve is 0-0.25%. If the interbank rate is within the range, then this indicates an excess of dollars, which is negative for the value of the American currency.

Trading recommendation: range 1.3077 -1.3160.

FreshForex
25.09.2020

New British incentives

GBPUSD trading plan: The U.K. unveiled fresh measures to protect jobs and businesses that helped ease fears about the impact of newly imposed lockdown measures on the economy. The U.K. will subsidize the pay of employees who have not returned to work

More
FreshForex
24.09.2020

Positive macroeconomic statistics from Germany

EURUSD trading plan: German business morale improved for the fifth month in a row in September, a survey showed on Thursday, in a further sign that Europe's largest economy is enjoying a solid recovery from the coronavirus shock. The Ifo institute

More
FreshForex
23.09.2020

3 important MOEX stocks today

Dear clients, This week we'll back to the stock market. It's three MOEX stocks: #Gazprom, #GazpromNef, #Lukoil. What to expect these assets currently week and next week? We'll tell you in detail on September 23 at 12:00 GMT. Join the webinar!

More
FreshForex
23.09.2020

Negative macroeconomic statistics from Japan

USDJPY trading plan: Japan's factory activity extended declines in September largely due to a sharper fall in output, as the world's third-largest economy struggles to stage a robust recovery from the COVID-19 pandemic. The au Jibun Bank Flash Japan

More