Trading Video: GBPUSD Extends Bear Trend, Will EURUSD Follow Suit?
Here you can find all the latest breaking forex and currency news about Trading Video: GBPUSD Extends Bear Trend, Will EURUSD Follow Suit? including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.
Talking Points:
• GBPUSD extended a consistent bear trend with its heaviest volume in a year after the BoE's Quarterly
• FX traders are waiting to see if EURUSD may face the same fate with key Eurozone GDP data due today
• The dollar and yen pairs are proving less productive, taking their cues from more active counterparts
What kind of Trading best suits you? Technical or Fundamental? Short-term or Long-term? Take our Trader Survey and find out.
GBPUSD - one of the most liquid majors - extended its reversal to a four-month low on the heaviest volume in a year following the release of the BoE's Quarterly Inflation report. This market response shows what can happen when a particular event risk ignites one of the more important fundamental themes. The same potential energy exists for deeper concerns such as US interest rate expectations and investor sentiment against extreme positioning. One particular theme will be drug into the spotlight in the upcoming session: Eurozone economic health. German and Eurozone GDP figures can change more than growth forecasts; they can alter trends in government bond yields, monetary policy plans and massive capital inflows. We look at the productivity of upcoming event risk and broader trends in today's Trading Video.
Sign up for John’s email distribution list, here.
original source
The article above is about breaking forex and currency news regarding Trading Video: GBPUSD Extends Bear Trend, Will EURUSD Follow Suit?, if you have any question about it. Please contact us by using the link below. Thanks for your patience.
- Japanese Yen Gains, Nikkei Falls as BOJ Leaves Policy Unchanged
- Chinese Business Sentiment Contracts for the First Time in 4 Months
- Dismal UK Retail Sales to Spur Another Test of GBP/USD Resilience
- Forex-Webinar:-FOMC-Minutes-Reinforce-Hike-Forecast
- Trading Video: Dollar Fails to Rally on Hawkish FOMC, Equities Rally
- Among Top Themes, Where is the Risk Most Potent: Fed Hike, China, EM?
- EUR/USD Technical Analysis: Looking to Short on Bounce
- US Dollar Declines as FOMC Minutes Bring Nothing New to the Table
- US DOLLAR Technical Analysis: USD Holds Support on FOMC Minutes
- WTI Crude Oil Price Forecast: What Now That $40bbl Broke?
- Fingertrp Scalping with James Stanley (Using Tradingview Charts)
- EUR/USD Risks Fresh Monthly Lows on Hawkish FOMC Minutes
- Analyst Pick - Kiwi & CAD in Focus
- Price & Time: USD/CAD ? It?s Showtime
- GBP/USD Ranges Ahead of FOMC Minutes
- President Xi Warns That China Faces Considerable Downward Pressure
- FOMC Minutes Later Today - USD Set for October 28 Redux
- Silver Price Is Targeting Its Yearly Low
- FTSE 100: Commodity Markets Wants to See The FTSE 100 at 6040
- DAX 30: Momentum Slows Down, FOMC Minutes on Tap
- US Dollar May Extend Gains as Fed Minutes Foreshadow Rate Hike
- Copper Surplus Faces Falling Premiums; Gold Slides before Fed Minutes
- China Real Estate Market Recovery Slows in October
- Traders Not as Confident of Fed Hike as Markets, Economists
- EUR/GBP Technical Analysis: Euro Drops to 3-Month Low
- Dollar Unmoved After China Treasury Holdings Hit a 7 Month Low
- Can Dollar Climb Continue After FOMC Forecast Shift?
- Dollar’s CPI Rally Lacking, Stall in Risk Raises Yen Crosses Appeal
- NZD/USD Technical Analysis: Short Trade Activated Sub-0.65
- Will the DAX Crack or Cower from Resistance?