The EURGBP was able to recover in recent days. However, uncertainty remains high since the Brexit is approaching but no deal has been agreed upon.
The USDCAD is experiencing strong downward pressure since the beginning of the year and is now located in a very critical area.
The EURUSD has been moving sideways within a narrow range in the past months. The statement of Draghi put again pressure on the euro.
The Brexit situation remains unclear and thus the uncertainty among investors high. The House of Commons will have the final Vote on the deal this week.
Already towards the end of the last year, pressure on the USDJPY increased. Even more, when on the night of Wednesday to Thursday a flash crash occurred.
British Prime Minister Theresa May had to face No-Confidence Vote in her Parliament and was able to win it. This supported the GBPUSD a bit but it was not able to boost it sustainably.
It has been a rough day for the cable, mostly due to Brexit concerns. The EU and GB agreed on a draft for the Brexit. Will this support the price.
Lately, the EURGBP has been under pressure. Mostly concerns about the Brexit where a reason for uncertainty among investors.
After a short recovery, the EURUSD is again under pressure. In case of a further recovery, there are important Fibonacci levels to watch.
Spooctober is over and some first signs of recovery were observable. Will we see a year-end rally now or will the downtrend continue?