AUS,AUSFOREX, aussingapore foreign exchange platform ,Foreign exchange opening,Foreign exchange transaction,Online foreign exchange

 找回密码
 立即注册
搜索
热搜: 活动 交友 discuz
查看: 4|回复: 0

GBP/USD looking to firm up over 1.30 ahead of UK earnings

[复制链接]

410

主题

410

帖子

1268

积分

管理员

Rank: 9Rank: 9Rank: 9

积分
1268
发表于 2018-9-11 14:09:22 | 显示全部楼层 |阅读模式
Sterling bulls reaching for higher levels on Brexit headlines.
UK Average Earnings figures due later today, could derail Brexit push if expectations get missed.
The GBP/USD is heading north and grinding it out towards 1.3050 ahead of London's Tuesday market session as Sterling bulls continue to ride a train of bullish headlines surrounding Brexit.

Eurosceptic Tories in the UK Parliament are in full retreat today after The Financial Times broke news that their attempt to produce their own version of what should happen to the UK following Brexit came apart at the seams. Jacob Rees-Mogg, head of the pro-Brexit European Research Group which is heavily populated by pro-Brexit Conservative MPs stated that the group had "reconsidered" their proposal which was expected to be released today.

Headlines have been leaking over recent days that the EU is slowly rolling over into a position that will make it easier for the UK to negotiate a successful trade deal, and Pound bulls have been seizing on the good news and pumping up the GBP on Brexit hopes for the second time in two weeks, and Tuesday sees another iteration of the UK's q/y Average Earnings at 08:30 GMT, which are expected to tick upwards from 2.7% to 2.8%.

GBP/USD levels to watch

Pound bulls are looking to firm up for another push above the 1.30 major handle, and as FXStreet's own Valeria Bednarik noted: "the pair is trading firmly above the 1.3000 figure and not far below the mentioned high, offering a bullish short-term technical perspective, particularly as previous attempts to break above the mentioned threshold were quickly reverted. In the 4 hours chart, the price surpassed its moving averages, with the 20 SMA about to cross above the 200 EMA, both converging around 1.2940. Indicators in the mentioned chart have stabilized well above their midlines, holding near daily highs but losing upward momentum given that the price can go beyond the mentioned daily high. Nevertheless, the upside is favored, with scope now to test 1.3170, the 50% retracement of the 2016/18 rally."

Support levels: 1.2985 1.2940 1.2890   

Resistance levels: 1.3050 1.3095 1.3130


Trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. Past performance is not indicative of future results, which can vary due to market volatility. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Any opinions, news, research, analyses, prices or other information contained on this website or linked to from this website are provided as general market commentary and do not constitute investment advice. AUSFOREX does not accept liability for any loss or damage, including any loss or profit, which may arise directly or indirectly from use of or reliance on such information.

本帖子中包含更多资源

您需要 登录 才可以下载或查看,没有帐号?立即注册

x
回复

使用道具 举报

您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

aussingapore.com  

GMT+8, 2018-9-22 18:02 , Processed in 0.132974 second(s), 22 queries .

X3.2

© 2017-2018

快速回复 返回顶部 返回列表