GBP/USD is trading up +0.31% to 1.2513 amid an upbeat market mood. Today, all eyes are on US Nonfarm Payrolls, which are expected to show an ongoing recovery and, therefore, the cable should be underpinned, FXStreet’s analyst Yohay Elam informs.
Key quotes
“GBP/USD has broken above the downtrend resistance line and surged to new highs – buoyed by hopes of a coronavirus vaccine. Pfizer and BioNTech reported progress in initial tests, pushing stocks higher. That put pressure on the safe-haven dollar. Another effort to defeat COVID-19 is underway at Oxford University and is at a more stage – at least according to Dr. Anthony Fauci, America's leading epidemiologist. That seemed enough to outweigh all of sterling's issues.”
“The focus now shifts to the all-important US Nonfarm Payrolls. Economists expect an increase of around three million jobs in June – extending the recovery from April's approximate 2.5 million bounce. The world's largest economy lost around 20 million positions back in April.”
“The US hit a record number of daily infections on Wednesday and Texas fatalities reached the highest in six weeks. Stocks remain upbeat, but that may change later on.”
作者：FXStreet Team，文章來源FXStreet，版權歸原作者所有，如有侵權請聯繫本人刪除。
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發