Today at 9:30am UK Time. Retail Sales m/m reflect a change in the UK retail sails in the reported month compared to the previous one. It is used in forecasting, budgeting for UK financial and economic policy. F: 0.5%, P: -0.6%. #GBPUSD may test 1.30
Read MoreUnited Kingdom Gross Domestic Product (GDP) 3m/3m
on January 13, 2020
| By Stuart McPhee
|
GBPUSD
Today at 9:30am UK time. UK GDP q/q shows changes in the market value of goods and services produced in the country in the given quarter compared to the previous quarter, and is the key indicator of the national economy growth. F:0.0%, P:0.0%. #GBPUSD may test 1.30
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On Monday last week we covered the EURUSD which spent the remainder of the week moving back down to the key 1.11 level where it found more support. It had previously eased back below the key 1.12 level back into its popular range between 1.11 and 1.12 where it has spent considerable time in the last few months. It had moved strongly to close out last year and into the new year moving to a five month high near 1.1250, before easing.
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In the last week or so the GBPUSD has eased away from a two week high above 1.32 back down to the key support level of 1.30 where it is currently enjoying more support. It has shown some more volatility of late when it surged higher to its highest level in more than 18 months above 1.35 before falling sharply back down to the current key level of 1.30 which has been significant for the last three months.
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United Kingdom Gross Domestic Product (GDP) q/q
on December 20, 2019
| By Stuart McPhee
|
GBPUSD
Today at 9:30am UK Time. UK GDP q/q shows changes in the market value of goods and services produced in the country in the given quarter compared to the previous quarter, and is the key indicator of the national economy growth. F:0.3%, P:0.3%. #GBPUSD may settle below 1.33.
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In the last week the GBPUSD has fallen sharply from an 18 month high above 1.35 back down to the current key level of 1.30 which has been significant for the last two months. Only a few weeks ago the GBPUSD broke through the resistance level at 1.30 and moved to a nine month high just above 1.32, before the surge higher to start this week. For the previous six weeks or so the GBPUSD had traded in a narrow range consolidating under resistance at 1.30, which has become a level of significance, and as expected is now offering support now that the sterling has declined.
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Bank of England (BoE) Interest Rate Decision
on December 19, 2019
| By Stuart McPhee
|
GBPUSD
Today at 12:00pm UK time. BoE Interest Rate Decision is taken by monetary policy committee members and is published two weeks after the meeting. Interest rate growth is seen as positive for the sterling. F: 0.75%, P: 0.75%. #GBPUSD may settle below 1.33.
Read MoreValutrades Market Blast Technicals :: 17 December 2019
on December 17, 2019
| By Brad Alexander
|
GBPUSD,
XAUUSD,
Gold,
EURGBP,
USOil,
WTI,
Technical Analysis,
Brent Crude,
GBPAUD,
XAGUSD,
Silver
Welcome to this week’s Market Blast Technicals where we will look at UK Oil (Brent), US Oil (WTI), GBPUSD, EURGBP, GBPAUD, Silver (XAGUSD) and Gold (XAUUSD).
Valutrades Market Blast Fundamentals :: 16 December 2019
on December 16, 2019
| By Brad Alexander
|
USDJPY,
GBPUSD,
USDCAD,
Market Blast Videos,
EURGBP,
USOil,
WTI,
Fundamental Analysis,
Economic Calendar,
Safe Haven Currency
Welcome to this week’s Market Blast Fundamentals where we will look at USDCAD, US Oil (WTI), USDJPY, GBPUSD, and EURGBP.
On Tuesday last week we covered UK Oil which spent the remainder of the week moving to a near three month high near $66. After meeting resistance at the key $63 level for several weeks, UK Oil was able to move higher and establish a new range above the key $63 level. During this time, it has found some support at the $63 level which bodes well for it to remain above there.
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