GBP/USD drops towards 1.3850 amid resurgent demand for the US dollar and a cautious mood. The pound benefits from fresh Brexit optimism and a fall in covid cases. EU pauses legal action against the UK over the NI protocol. Focus on the Fed verdict.
Gold price is rising back above $1800, defending the key support area around $1798 amid a cautious market mood heading into the Fed decision. The sell-off in the Chinese stocks seems to have paused, offering some support to the Asian indices.
Theta price printed a new correction low on July 20, undercutting the May 19 low of $3.70 and the 78.6% retracement level of $3.54 before rallying 100% into yesterday’s high. The convergence of key resistance levels prevented an extension of the rally.
Tapering is not a question of if, but when – and the timing of the Federal Reserve's announcement to create fewer dollars may have to wait longer. The world's most powerful central bank has been buying bonds at ....