Daily Forex Trading Signals
The Forex Trading Signals are generated by Fibonacci Expert Advisors and other Indicators used by forexwatch to monitor the exchange rates of GBPUSD with the announcements of Gross Domestic Product and Current Account of UK.
Last week, the focus was on the announcement of Interest Rate by Bank of England and European Central Bank, Asset Purchase by the Bank of England, Visible Trade Balance of UK and the Jobless Claims in the US. Both Central Banks left the interest rates unchanged. Then, in the US, all eyes were on the Jobless Claims.
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.
Visible Trade Balance
The May Visible Trade Balance deficit of 7279 Pounds was revised to 7411 Pounds. The forecasts of 7000 Pounds deficit was an underestimate by 1062 Pounds. The actual deficit released was 8062 Pounds.
Forex Trading News
For today, the Forex Trading News that will likely influence GBPUSD trades are the Gross Domestic Product and Current Account of UK.
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UK Gross Domestic Product
The Gross Domestic Product for last quarter was – 3.1 and the expected reading is- 0.2.
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UK Current Account
The Current Account of UK is expected to be still in a deficit. The reading for this quarter is – 4.5 billion Pounds compared to -1.7 billion Pounds during the last quarter.
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: 1.5000
Stop Loss at: 1.4960
Take Profit at: 1.5066 / 1.5126
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Short Position at: 1.4966
Stop Loss at: 1.5006
Take Profit at: 1.4926 / 1.4886
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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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