EUR/GBP Still Bullish While the Price is Above the D L4 Pivot

Dear Traders, The EUR/GBP has been in a retracement mode, but if it holds above D L4 camarilla pivot point, we should see a continuation. The POC zone 0.8930-40 could see the fresh buyers emerging due to the confluence of…

Draghi Brings Out the Big Gun, and Trump isn’t Happy

Draghi gave his most explicit reference to future easing, in what was a carefully constructed statement to portray to the world they are in control. The fact that we saw European 5-year inflation expectations rise by an impressive 9bp to…

Despite the Commentary, Traders Lack Concern Around this Week’s Central Bank Risk

There is logic to that, but we see buying in the Hang Seng (+0.8%) and the ASX 200 (+0.4%), and interestingly, volumes are 64% above the 30-day average (for this time), while 64% of stocks are higher. Perhaps put that…

GBP/USD Daily Forecast – Sterling Hovers Above Critical Support

Boris Johnson Wins the First Round Johnson took the first ballot by a significant lead on Thursday and looks like the prime candidate to replace Theresa May. GBP/USD, however, barely moved on the news. The pair had started to rally…

EUR/GBP is Bullish Above the 0.8900 But Watch for W L3 Camarilla Pivot

Dear Traders, The EUR/GBP is still bullish while the price is above the order block 0.8900. However, if the bulls want to dominate, the price should not drop below W L3–> 0.8885-8900 is the POC zone. If the price makes…

GBP/USD Daily Forecast – Sterling Under Pressure Following GDP Miss

  Today’s Data was Largely Influenced by Brexit Gross Domestic Product in the UK grew by 0.3% in the quarter ending April 2019. Growth in the month of April contracted by a staggering 0.4% against the analyst estimate for a…

EUR/GBP Bullish Continuation Towards 0.8910 Zone

Dear Traders, The EUR/GBP continues with uptrend as the price trying to push above 0.8873 level .–> The EUR/GBP needs to break the 0.8873 level to validate the spike from 0.88555-65 POC zone. Bullish continuation move should target 0.8885 and…

GBP/USD Daily Forecast – British Pound Trying to Recover Higher

Dollar Weakness is the Predominant Driver in the Early Week GBP/USD will attempt to post a third consecutive day of gains on Tuesday, but it’s more a result of a weaker dollar than sterling strength. The greenback is down against…

Pound Waiting for Brexit Date Shift

EUR/GBP out of the trading range Yesterday the British pound showed intraday growth of more than 2.4%. The GBPUSD pair updated highs from June 2018 reached 1.3380. Against the euro, the pound grew to maximums since June 2017 after the…

How This Week’s Brexit Vote will Affect the GBP

There’s no doubt that uncertainty does impact the currency. That’s clearly visible in this graph of the Baker, Bloom and Davis index of economic policy uncertainty, which is based on the frequency of newspaper references to policy uncertainty. You can…

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