GBP/USD. Forecast for June 4, 2013
June 4, 2013 11:15 amVideo
Latest News
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
Manufacturing PMI in the UK in May was 51.3 vs. forecast for 50.1. The result is in positive territory (higher than 50.0) and it is for the first time in four consecutive months. When weak US data on ISM Manufacturing and Construction Spending was published, investors thought that the Fed would not cut QE3 and started to buy currencies traded against the US dollar.
UK BRC Retail Sales Monitor grew 1.8% vs. estimates for 1.2%. Current Account in Australia in Q1 narrowed from -14.8 billion to -8.5 billion dollars.
At 11: GMT+4 UK house prices in May, according to Halifax is issued, forecast 0.2% vs. 1.1% in April.
At 12:00 GMT+4 UK PMI Construction in may is revealed, it is estimated 49.8 vs. 49.4 in April.
At 16:30 GMT+4 US Trade Balance in May is published, forecast -41.1 billion dollars vs. -38.8 billion dollars in March. However, in the current situation investors may ignore the data and the price will be in the channel for a day.
Technically, the channel may be defined by local highs and lows of May 13 and 20, 1.5280-1.5384. If the price breaks the lower level, it will open the way to the first target 1.5238, then the level of Fibonacci 23.6% on the H4, 1.5186.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: