WHAT’S HAPPENING IN THE FOREX MARKET?

WHAT’S HAPPENING IN THE FOREX MARKET?

The headline reads “UK & EU agree to go the extra mile” and this on the positive.

BREXIT Talks are still in the motion and this is good for the GBP, notice the massive 100+ pips to the upside on the GBPUSD on market open.

If anyone left GBP trades over the weekend, positions would be closed on the new market price assuming it was a SL or TP scenario ie EXIT would be triggered at the best available price and not the expected SL/TP prices.

Huge GAP also seen on the Bitcoin crypto from Friday 1807.60 close to Sunday 19152 Sunday open. If volatility is high on Friday, this is expected especially when you have key on-going economic factors such as the BREXIT.

More countries preparing for the covid19 vaccine rollout as US starts this week. The Crude also feeding off the positive news of the vaccine by pushing higher.

December 14, 2020

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