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Trading GBP Strength. NZD Recovery.

   

Welcome to this week’s Market Blast Fundamentals.

I’m Brad Alexander and on behalf of Valutrades today we will take a look at the NASDAQ (US100), NZDUSD, EURGBP, and GBPUSD.

 

We have seen GBP weakness during the last week but we see great optimism from the UK, in the short and long term, as the economy is starting to open up today with many businesses attempting to return to normal.Screenshot 2021-04-12 at 13.23.09

Also, the UK vaccine effort has been very successful and we know that once travel restrictions are eased the UK economy should be one of the quicker ones to recover.

Also, watch out tomorrow for GDP and Manufacturing data which will give us a good idea if the UK economy is on the right track.

We are expecting no change from New Zealand regarding Interest Rates from the Reserve bank of New Zealand on Wednesday.Screenshot 2021-04-12 at 13.23.23

You may remember we looked at how to trade the recent crash of the NZD and, as expected, we see recovery.

Interest Rate decisions almost always cause volatility and we will take a look at NZDUSD from the technical perspective tomorrow.Screenshot 2021-04-12 at 13.23.37

We looked at the NASDAQ last week and, as expected, we had a nice recovery, but we still haven’t hit the highs of February as many other Indices have hit record highs already.

Thanks for watching and don’t forget to subscribe to our YouTube Channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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