FX MARKET REPORT 10.08.2020

FX MARKET REPORT 10.08.2020

FX MARKET REPORT 10.08.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 10.08.2020
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FX MARKET REPORT 10.08.2020

GBP/USD picks up the bids near 1.3070, up 0.16% on a day, while heading  into the London open on Monday. The Cable registered the biggest losses  since June 24 on Friday.  EUR/USD is trading around 1.1765, after  Friday’s 0.78% decline, the biggest single-day drop in over four months.  Monday’s 4-hour chart is painting a mixed picture with critical support  looming at 1.17. It’s shaping up to be another rough day for Turkish  markets. The lira, which sank to a record low last week as the central  bank abandoned some of the policies that had underpinned it for much of  this year, extended its declines Monday. The dollar edged higher in  early European trade Monday, following Friday’s better-than-expected  employment report. However, gains are likely to be short-lived as doubts  remain about the U.S. economic recovery.

GBP/USD picks up the bids near 1.3070, up 0.16% on a day, while heading  into the London open on Monday. The Cable registered the biggest losses  since June 24 on Friday.  EUR/USD is trading around 1.1765, after  Friday’s 0.78% decline, the biggest single-day drop in over four months.  Monday’s 4-hour chart is painting a mixed…

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