Trading the News: U.K. Industrial & Manufacturing Production A rebound in U.K. Industrial & Manufacturing Production may boost the economic outlook for the U.K. economy and spur a near-term rebound in GBP/USD as it raises the scope for a stronger-than-expected recovery. What’s Expected: Why Is This Event Important: Beyond the looming U.K. Referendum in June, positive data prints coming out of ...
US Dollar Forecast – Dollar’s Next Move Falls to Speculators Rather Than Data The Dollar started off this past week at an 11-month low and ended it with the best run since the early November climb that drove the Dow Jones FXCM Dollar Index (ticker = USDollar) to 12-year highs. Japanese Yen Forecast - Japanese Yen Could Trade Higher If and When this Occurs The Japanese Yen gave back some of its recent gains versus the US Dollar ...
Daily price is located below 200 period SMA and 100 period SMA for the primary bearish market condition: the price is ranging within Fibo support level at 1.4079 and 50.0% Fibo resistance level at 1.4659. Daily price is breaking 23.6% Fibo resistance at 1.4349 from below to above, and RSI indicator is estimating the ranging bearish condition in the near future. If the price will break Fibo support level at 1.4079 so the bearish trend will ...
A 0.4% rebound in U.K. Retail Sales may heighten the appeal of the British Pound and fuel the near-term breakout in GBP/USD as it puts increased pressure on the Bank of England (BoE) to raise the benchmark interest rate off of the record-low. What’s Expected: Why Is This Event Important: Positive data prints coming out of the U.K. economy may highlight a tightening race between the BoE/Fed to normalize monetary ...
Trading the News: U.K. Gross Domestic Product (GDP) An upward revision in the U.K. 1Q Gross Domestic Product (GDP) report may heighten the appeal of the British Pound and spur a near-term advance in GBP/USD as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Signs of a stronger recovery ...
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