NFP, China-US trade and other factors
Tag - gbp
NFP will be released at 15.30 MT time. What is the forecast?
The main focus is on the UK as the Bank of England made an announcement this morning. Let’s see what’s happening with the British pound and what else moves the market today.
The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
The Bank of England gives the interest rate press conference on Thursday at 14:00 MT time.
The first days of May suggest the month will be risk-off for the GBP/USD. Here is why.
The Fed and the ECB planning to expand the economic stimulus package make the USD and the EUR lose value.
Watch the video to find out how to trade the USD!
GBP/AUD has breached the support line from August 2019. What is happening at the chart looks like a pretty big change.
A little progress has been made during today's UK-EU Brexit talks…
Let’s see what drives the market on April 24.