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EUR/USD has been advancing as US stimulus talks remain alive. Investors are shrugging off Republican reluctance for a deal and surging eurozone cases.  Tuesday’s four-hour chart is showing overbought conditions.  The deadline is dead and talks are still alive – the ongoing talks in Washington and the positive commentary are boosting stocks and weighing on…

EUR/USD has been edging up amid hopes for US fiscal stimulus. Eurozone coronavirus cases and political uncertainty are holding the currency pair back. Tuesday’s four-hour chart is showing an improved position for the bulls. There is nothing like a deadline to sharpen minds – and there is a growing chance for a large fiscal stimulus…

GBP/USD has been edging lower as the UK is currently refusing to resume Brexit talks.  PM Johnson is set to decide on putting Manchester under stricter restrictions. Tuesday’s four-hour chart is showing a fierce battle between bulls and bears.  Construction works usually start with the basis – but with , things are different and the…

GBP/USD has been advancing amid hopes for a Brexit deal and fresh US stimulus. PM Johnson is losing political credit amid his handling of coronavirus. Senate Republicans do not back Trump on stimulus.  Monday’s four-hour chart is painting an upbeat picture for the pair. Public posturing, quiet backtracking? That seems to be UK Prime Minister…

EUR/USD has been holding up above 1.17 amid fresh hopes for a US fiscal stimulus deal. Fears of a double-dip recession are gripping the old continent.  Monday’s four-hour chart is painting a bearish picture.  President Donald Trump has said he wants a bigger stimulus package than House Speaker Nancy Pelosi – the surprising twist to the…

GBP/USD is rising on hopes that PM Johnson allows for more Brexit talks.  Rising coronavirus cases and Manchester’s rejection of new measures may limit sterling’s rise. US fiscal stimulus and retail sales are also of interest.  Friday’s four-hour chart is painting a mixed picture for the currency pair. Should I stay or should I go?…

EUR/USD is on the back foot amid rising eurozone cases in Europe. Growing doubts about US fiscal stimulus may further boost the safe-haven dollar.  US retail sales may disappoint again and add to the risk-off mood. Euro/dollar is entering oversold conditions according to Friday’s four-hour chart. When Germany – one of the world’s leaders on…

GBP/USD has been struggling to hold onto 1.30 amid rising UK COVID-19 cases.  Brexit talks continue, yet without prospects for a breakthrough. Thursday’s four-hour chart is showing bears are gaining ground. Liverpool first, London next? The surge in coronavirus cases is not limited to northern England and new measures are likely also in one of…

New coronavirus-related restrictions in the old continent are taking their toll on the old continent’s economies. US fiscal stimulus talks are stalled, with even the optimists seeming to give up. Expectations from US jobless claims look elevated, opening the door to the risk-off response.  Thursday’s four-hour char is showing that critical support is in danger. …

GBP/USD has been rising amid hopes for US fiscal stimulus, but everything else is playing against the pair. Rising British  COVID-19 cases may trigger new restrictions, weighing on the pound.  UK GDP missed estimates, yet no new stimulus is likely.  Brexit negotiations are unlikely to move until the last moment. Is cable mounting its last…