CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.44% of retail investor accounts lose money when trading CFDs with INFINOX. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sterling slips on EU’s reluctance to Brexit delay 21.03.2019

The pound sterling has met stiff selling pressures despite a fire sale in the US dollar. The EU has expressed its resistance to allow Britain push back the withdrawal process, which prompted investors to fear that a no-deal is still on the table for next Friday. The pound is walking on thin ice today as Prime Minister May is scheduled to present her case to the 27 EU leaders, but an extension might be conditional on British parliament’s backing of her controversial deal.

On the technical side, cable is retreating towards the daily support of 1.3070. 1.3140 is the immediate support level. On the upside, 1.3220 is a key resistance in the short-term.

The sentiment-price correlation chart shows the sentiment sinking into the negative territory. Daily news sentiment is moving lower and in 50% of the last 10 occurrences price has fallen within 3 days.

Sign Up now

More articles

    Silver intraday analysis 05.04.2019

    5th April 2019

    Short-term bullish bias Key levels: downside: 15.09 / upside: 15.20 The metal is seemingly in a downtrend as the price has undergone through a series of lower lows. The bearish MA cross in early March could have added more pressure to the downside. T...

    icon Read more

    DAX 30 intraday analysis 05.04.2019

    5th April 2019

    Short-term bullish bias Key levels: downside: 11920/ upside: 12050 The index has accelerated to the upside after it breached the daily resistance of 11850 from last October. We can expect the moving averages to diverge and reflect the increasingly bu...

    icon Read more

    How do I explain stock shares to my children?

    8th January 2021

    The stock market is one of the oldest trades in the world, believed to have originated well before Columbus dreamed of touching the American continent. It remains a very profitable industry for those who understand it and are capable of performing we...

    icon Read more

    What does President-elect Joe Biden mean for Tesla?

    8th January 2021

    Tesla hasn’t had a bad week at all so far as reports reveal that shares of the electric-car maker (NASDAQ: TSLA) rose on Monday by almost 5.2%, As of 11:22 a.m. EDT, but the actual stock was up about 2%. It is assumed that the growth s...

    icon Read more
See more

Our social

We love a post and comment. Follow us on social media for a creative view of INFINOX