GBPUSD Trading Signals

Written by forexwatch on 18 June 2010

Forex Trading News

There are no substantial changes in the US Consumer Price Index but the Dollar extended losses versus major currencies as the number of Americans seeking jobless benefits unexpectedly increased to a one-month high.

In the job market, the Initial Jobless Claims increased by 12,000 to 472,000 in the week ending June 12, indicating that there are a greater number of jobless Americans in the labor market in spite of an expected better US economic growth.

The US Current Account deficit was better than expected at $109.0 billion in Q1 versus a downwardly revised $100.9 billion deficit in the previous quarter.

For today, the Forex Trading News that will likely influence GBPUSD trades is:

Public Sector Net Borrowing of United Kingdom
This is the amount of new debt by the United Kingdom Government. The report is scheduled to be released at 0830 GMT.

The Pound may take a leap in anticipation of the emergency budget cuts to bring down the deficit. The Chancellor of the Exchequer Osborne is expected to present the emergency budget on Tuesday, June 22nd.

GBPUSD Trading Signals

The Trading Signals for GBPUSD trades is as follows::

GBPUSD

OP, SL & TP at YOUR OWN RISKS

Online GBPUSD Trading Signals

Free GBPUSD Trading Signals are immediately available for all Tadawul Fx Live account traders. The Trading Signals are posted directly in the MT4 trading platform up to 6 – 7 times per day on GBPUSD, EURUSD, USDCHF, USDJPY. The real-time market updates is to assist traders with their trading decisions.

Free Forex Trading Signals

This is a Free Forex Trading Signals and we must remind you that Forex Trading is a very risky trade. If you decide to trade, kindly note that you trading at your own risks. You Open your Trading Position, Take Profit and place a Stop Loss Order for your trades at Your Own Risks. We hold no responsibility for any losses or damages incurred.

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