Forex Daily Analysis : December 30, 2020

The daily forex analysis of December 30, 2020 will discuss the movement of the Pound Sterling versus the US Dollar, which is predicted to still strengthen (rise) in the short term. The strengthening of the pound sterling is due to the weakening of the Greenback and positive and optimistic signals about the Brexit deal have been achieved. The focus of investors today is the release of the UK's Nationwide HPI data which was released at 14:00 WIB. The majority of investors have predicted that an agreement will be reached between the UK and the EU at the last minute before the deadline of December 31, 2020. Although there were concerns that the hope of the agreement before Christmas was not realized.

Gold Daily Analysis : December 22, 2020

The strengthening of the Pound Sterling vs the US Dollar is predicted to be slower. Gavin Friend, Senior market strategist at NAB London said there were other reasons why the pound did not immediately rally versus the euro in response to last week's deal. He predicted that Britain would still suffer negative economic repercussions as a result of its decision to leave the European Union. This is because the UK economy is dominated by the services sector, while most of the Brexit deal actually deals on trade in goods, so the Pound Sterling rally in 2021 will be slow. The US dollar was observed to weaken in the Asian session on Wednesday, December 30, 2020, this was due to an examination from the Senate regarding the nominal amount that will be received in the stimulus assistance package that will be disbursed. The House of Representatives is expected to approve an increase in the amount of stimulus from $600 to $2,000. The greenback has been weakening since President Donald Trump signed off on a $2.3 trillion Covid-19 stimulus. This causes investors to look more at other safe haven assets than the US Dollar.

Forex Daily Analysis Predictions

Today's FOREX prediction on the GBPUSD pair is expected to continue its rise, and the recommended OP (Open Position) is BUY at the level of 1.35500. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.

Forex Daily Analysis : December 23, 2020

This the daily analysis of forex on December 30, 2020. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.