This week traders await earnings of Bank of America and Netflix. In addition, there will be important data releases for GBP/USD. Oil may test yet higher levels. Watch the video to get trade ideas for Forex, stocks, oil, and gold!
GBP/USD: forecast for August 7-11, 2017
GBP/USD was rejected down from 1.3250. The Bank of England kept interest rates at record lows and lowered its growth and inflation forecasts. The central bank cut 2017 GDP growth forecast from 1.9% to 1.7%. It now sees inflation at just under 2.6% in a year's time after peaking around 3% in October.
After the hawkish FOMC Meeting, traders await more triggers for the US dollar…
How will the Federal Reserve, the Bank of England, the Bank of Japan, and the Swiss central bank move the market? Watch the weekly video to find out and get trade ideas for Forex pairs, oil, gold, and S&P 500!…
Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.