June 22nd, 2018: Pound Rebounds On Rate Hike Hope
June 26, 2018 12:47 amVideo
Latest News
- 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
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
Morning Report: 07.00 London
The British pound continues to out-perform following yesterday’s surprisingly bullish MPC meeting where three members voted for a rate hike amid noises of quitting QE earlier than expected. The GBP/USD and GBP/JPY are higher again after rallying yesterday, while the EUR/GBP is sinking for the second straight day.
The euro is also nudging higher, though lagging the pound, with the AUD/USD beating a similar path.
The US dollar fell back heavily against the Swiss franc yesterday, with further selling this morning.
The USD/CAD is also falling back for the first time in many sessions.
Yen pairs have a positive bias, with the US dollar making minor gains, and the GBP/JPY rising for the third straight day.
Gold is also making small gains after three days of losses.
Coming up today
This morning, we have a slew of European data points, starting with French flash manufacturing and services PMI. German data is at 08.30, with European data at 09.00.
OPEC meetings run all day.
Canadian CPI and retail sales are at 13.30.
Trade Idea
Gold has lots its glitter of late and despite a minor rally this morning, the current trend is firmly lower.
A good way to play this is a LOWER trade predicting that gold will close below $1250 in 14 days for a potential return of 281%.
Related Posts: