Daily Forex Trading Signals
The Daily Forex Trading Signals are generated by Fibonacci Expert Advisors and other Indicators used by forexwatch to monitor the exchange rates of GBPUSD with the announcement of UK Visible Trade Balance.
Yesterday, the focus was on the announcement of Interest Rate by Bank of England and European Central Bank. Both Central Banks left the interest rates unchanged. Then, in the US, there are Americans being employed last month. The Jobless Claims dropped more than expected to 454K.
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Bank of England Interest Rate Decision
The Bank of England placed the Interest Rate on hold at 0.5 percent.
UK Industrial Production
The expected reading of this UK Industrial Production is 0.4% compared to -0.4% for the previous month. The index released was 0.7%.
Bank of England Asset Purchase
The Bank of England announced that the Asset Purchase will be maintained at the previous level of 200 billion Pounds.
European Central Bank Interest Rate Decision
The European Central Bank left the Interest Rates unchanged at 1.00%.
US Jobless Claims
In the US the Jobless Claims dropped more than expected to 454K from 475K.
Forex Trading News
For today, the Forex Trading News that will likely influence GBPUSD trades is the Visible Trade Balance.
Visible Trade Balance
UK is still on a deficit Trade Balance. The previous reading of the Visible Trade Balance was – 7279 Pounds and the forecasts is -7000 Pounds.
Daily Forex Trading Signals
The Daily Forex Trading Signals for GBPUSD trades is as follows:
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GBPUSD
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Long Position at: 1.5186
Stop Loss at: 1.5146
Take Profit at: 1.5226 / 1.5266
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Short Position at: 1.5142
Stop Loss at: 1.5182
Take Profit at: 1.5102 / 1.5062
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OP, SL & TP at YOUR OWN RISKS
Online Forex Trading Signals
Free GBPUSD Forex Trading Signals are immediately available for all Tadawul Fx Live account traders. The Forex Trading Signals are posted directly in the MT4 Trading Platform up to 6 – 7 times every trading day on GBPUSD, EURUSD, USDCHF, USDJPY. The real-time market updates is to assist traders with their trading decisions.
Disclaimer::Daily 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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