ONLINE FOREX BROKER
2019-11-11 • Updated
Trade idea
BUY 1.8250; TP 1.8370; SL 1.8210
GBP/AUD is a very volatile pair and its moves are always quite messy. Still, we are able to spot some patterns. In particular, GBP/AUD broke above 1.8015 leaving the range within which it consolidated since the start of July. There was a series of higher lows before the breakout. In addition, after the breakout, the level 1.8015 was retested and managed to provide support for the pair. With the AUD weakened by the trade war concerns and the weaker-than-expected domestic data and the GBP cheered up by the hopes that a no-deal Brexit may be avoided, the pair has a fair chance to reach 61.8% Fibo and June highs in the 1.8375 area.
Here's the scoop: The Bank of England (BOE) is set to accelerate the pace at which it shrinks its balance sheet, according to one of its deputy governors. Currently, the BOE is unwinding about £20 billion of quantitative easing every three months. The goal is to reduce the stock by around £80 billion per year through active sales and maturing assets.
It seems like the Canadian consumer has a firm grip on their wallet, which is no surprise given the current economic climate. Inflation in April crept up from 4.3% to 4.4%, adding to the financial woes.
On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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