GBP - BULLISH
1️⃣ Investors dumped riskier assets and turned to safety amid renewed concerns about US-China relations after President Trump banned transactions with Chinese tech group Tencent and with the owner of TikTok ByteDance, citing a threat to national security.
2️⃣ Bank of England left monetary policy unchanged, saying Britain's economy will take more time to recover from the pandemic-induced recession than initially thought.
CAD - BULLISH
1️⃣ Oil prices jumped to its highest since March amid a massive decline in crude oil inventories and hopes for a fresh US stimulus package.
2️⃣ Unemployment rate in Canada fell more than expected to 10.9% from 12.3% previous.
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Technical
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- We short on break on support level to become SBR level + SMA50 area.
- GBPCAD in bearish zone.
1️⃣ Investors dumped riskier assets and turned to safety amid renewed concerns about US-China relations after President Trump banned transactions with Chinese tech group Tencent and with the owner of TikTok ByteDance, citing a threat to national security.
2️⃣ Bank of England left monetary policy unchanged, saying Britain's economy will take more time to recover from the pandemic-induced recession than initially thought.
CAD - BULLISH
1️⃣ Oil prices jumped to its highest since March amid a massive decline in crude oil inventories and hopes for a fresh US stimulus package.
2️⃣ Unemployment rate in Canada fell more than expected to 10.9% from 12.3% previous.
=====
Technical
=====
- We short on break on support level to become SBR level + SMA50 area.
- GBPCAD in bearish zone.
Trade closed: target reached