Trade Successfully
GBP/USD hovers above a 20-month low; strongly bearish in the long-term. GBP/USD tumbled to a fresh 20-month low of 1.2505 on Monday, creating a strong negative move below the previous multi-month bottoms. The bearish outlook was confirmed by the lower low and the pair looks ready to maintain and possibly extend its sizeable recent losses in
Read More
Next week should be a busy one for the British pound as a crucial vote in Parliament will likely open a new era for the Brexit story and May’s future as a leader. Key data releases such as GDP growth and employment readings are scheduled for delivery as well, but investors will
Read More
(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-1126027167330222", enable_page_level_ads: true }); The pound looks set for even choppier times as British MPs will next week
Read More
The completion of the Withdrawal Agreement between UK and EU negotiators was meant to signal the end of months of uncertainty, quell fears of a no-deal Brexit, and set the groundwork for talks on future relations. However, Prime Minister Theresa May’s hard-fought deal has come under heavy attack from all
Read More
Markets unconvinced by Trump-Xi trade rapprochement A major theme for global markets and the global economy is the uncertainty caused by the frictions between the United States and China. It was therefore an initially positive piece of news that the two countries would restart a new round of negotiations that would
Read More
After both the manufacturing and construction PMI beat expectations in November, the services PMI, due out of the UK on Wednesday at 09:30 GMT, will be eyed to complete the hat-trick. However, even if the more dominant services PMI does not disappoint and points to stronger economic activity in November,
Read More
GBP/USD faces a strong challenge at 1.2693. GBP/USD has been under pressure since early November, with bears pushing hard to breach the strong support around 1.2693. In the short term, the bias remains negative as the RSI hovers below its neutral threshold of 50 and the MACD continues to move beneath
Read More
(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-1126027167330222", enable_page_level_ads: true }); The coming week will be significant both in terms of data releases as well
Read More
GBP/USD trades below SMA with weak momentum; neutral sentiment in the near-term. GBP/USD retains sideways movement in the near term, finding strong resistance at the 1.3255 level and support at the 1.2690 level. Also, over the last couple of weeks, the price dived below the 20- and 40-simple moving averages (SMA)
Read More
European and world leaders’ summits preceding and concluding the upcoming week will be the most closely watched events as the market tone will be tied to how much progress is made with Brexit arrangements and in easing Sino-US trade tensions. The Federal Reserve will also be attracting plenty of attention
Read More