Trading the News: U.K. Jobless Claims Change Despite forecasts for another 3.0K decline in U.K. Jobless Claims, a further slowdown in Average Weekly Earnings may weigh on the sterling and spark a bearish reaction in GBP/USD as it provides the Bank of England (BoE) with greater scope to retain its current policy throughout 2016. What’s Expected: Why Is This Event Important: Following the unanimous ...
H4 price is located near SMA with period 200 (200 SMA) waiting for the direction for the primary bearish or bullish trend to be started. If the price will break 1.4667 resistance level so we may see the bullish trend to be started on this timeframe.If price will break 1.4451 support so the bearish trend with the secondary ranging will be started.If not so the price will be ranging within the levels. ...
GBPUSD intra-day price (M5 timeframe) broke key support level for 100 pips lower during the NFP news events: "The GBPUSD is currently rebounding off its daily lows after declining during today’s NFP (Non-Farm Payrolls) event. NFP figures were expected to be released at +190k; however, these expectations were missed with a total of 151k. Initially major pairs declined against the US Dollar. As seen above, the GBP/USD is still trading ...
Daily price is on bear market rally, and weekly price is on bearish ranging to be started this week. Some most likely scenarios for the price movement are the following: the price will continuing with the bearish trend, orprice will go to the bullish reversal area to be reversed to the ranging bullish market condition. D1 price is on primary bearish with the local uptrend as the bear market rally: price is trying to break 1.4648 resistance level to above for the rally ...
Trading the News: Bank of England (BoE) Interest Rate Decision The Bank of England (BoE) interest rate decision is likely to reveal another 8 to 1 split as the central bank remains in no rush to normalize monetary policy, but the updated forecasts may heighten the appeal of the sterling and fuel a larger recovery in GBP/USD should the central bank highlight a greater risk of overshooting the 2% inflation target over the policy horizon. What’s Expected: ...
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