ShukriMahadi
Long

GBPUSD - retracement in progress.

FX:GBPUSD   British Pound / U.S. Dollar
USD LOSSES MAY BE AMPLIFIED BY CORPORATE EARNINGS
The US Dollar may fall if corporate earnings from large-cap companies – like HSBC and Walt Disney to name a few of the many – put a discount on haven-linked assets. Last week, four out of the five members of the so-called FAANG group – Facebook , Amazon, Apple Netflix and Google – posted record-breaking earnings in the worst recession in a century.

Despite the devastation caused by the coronavirus pandemic, technology stocks continue to surge in tandem with demand for digital services. A key factor behind the tech sector’s rise has been in part due to government shutdown policies and the implementation of work-from-home policies. This in turn has helped insulate technology stocks from the impact of the Covid-19 impact .

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