Fundamental

The British pound is slightly positive on Tuesday, as we are trying to turn things around in this market.

The silver market has proven itself to be far too dangerous for the average retail trader, and the markets are likely to be a very dangerous place to trade at the moment.

Bitcoin continues to look very weak and vulnerable at the moment.

Following Tuesday’s short-lasting recovery, EUR/USD moves sideways in a narrow channel above 1.1800 in the European morning on Wednesday. While investors await key data releases, the technical outlook points to a lack of seller interest.

Gold is extending the rebound from monthly lows above the $5,000 threshold in Asian trades on Wednesday, having booked the biggest daily gain since 2008.

Despite the sharp pullback seen recently, the broader EUR/USD story still looks intact. The pair continues to eye the area around the yearly highs near 1.2100, helped by a loss of momentum in the so-called “Warsh trade”.