Bullet Report: British Pound Collapses to 2 month low.
March 14, 2017 8:33 amVideo
Latest News
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
The markets have traded in a tight range during the Asian session but Europe has started with a bang.
GBPUSD is already trading 100 pips lower than 2 hours ago on speculation that the imminent Article 50. However, Scotland is looking for a new independence vote in 2018 or 2019. Hence, the pressure for a weaker Pound is expected to persist for now. GBPUSD traded as low as 1.2123, a 1- month low, after having posted 1.2250 highs yesterday.
US equities ended mixed overnight with Dow Jones closing down -22.5 pts, or -0.1% at 20881.48. S&P 500, on the other hand, gained 0.87 pts, or 0.04%, to close at 2373.47. This comes ahead of ahead of the string of central bank meetings this week (US, UK, Japan and Switzerland due this week).
Dollar strength means GOLD weakness so the yellow metal has been under pressure and trades down at $1201 from $1210 yesterday. Support lies at $1198 and $1194.
Elsewhere in Europe, the Netherlands’ general election would be held on March 15. With fractured political environment, no party is expected to gain a majority. EURUSD trades at 1.0640 after having stalled at 1.0705 following the NFP relief rally which saw the EUR reach a 1-month high.
The Australian dollar was down 0.15 percent at $0.7561, giving back some of the previous day’s gains made when the dollar stumbled against the euro.
The Trump administration’s fiscal 2018 federal budget plan will be released on Thursday, and G20 finance ministers and central bankers meet in Germany on Friday.
The post Bullet Report: British Pound Collapses to 2 month low. appeared first on Forex.Info.
Source: Easy Forex Forex.Info
Related Posts: