CommoditiesForexMarket Review

The biggest daily drop in the last 6 months

Volatility expanded in GBPUSD as concerns over Brexit talks, the issue with this is that the talks began 10 minutes before the sell-off and there were two sell programs that hit the market causing the fall in prices and then this followed a mass liquidation in stocks causing an all-round bloodbath in the markets.

Now that we have lost a crucial level in the dollar, this is now shifting this currency to bearish which in turn should lift the pairs trading against it like GBPUSD and EURUSD and of course, gold should trade higher as well. Keep in mind there is very little on the economic calendar for today and it’s a Friday, so we can expect large firms to begin profit taking which may gradually through the day push GBPUSD higher for those who sold.

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