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Daily Forex Trading Signals for GBPUSD

Written by forexwatch on 16 July 2010

The Forex Trading Signals are generated for GBPUSD trades with the announcements of the US Consumer Price Index and US Core Consumer Price Index.

Pasts Forex Trading News

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.

On Monday, the Pound took a jerk when the new fundamentals were released. The Forex News released were the:

UK Gross Domestic Product
The Gross Domestic Product for previous quarter was revised to – 0.2 and as expected the reading for the last quarter is- 0.2.

UK Current Account
The Current Account of UK is still in a deficit. The reading for previous quarter is revised to –0.5 billion Pounds from -1.7 billion Pounds. The current deficit for the last quarter is 9.6 billion Pounds and this more than double the forecast figure of -4.5 billion Pounds.

On Tuesday, the Pound rose against the Dollar and other major currencies when the new fundamentals were released. GBPUSD hit a high of 1.5190. The Forex News released were the:

UK Consumer Price Index
The Core Consumer Price Index for June is 3.2 against the forecasts of 3.1 and the previous reading of 3.4.

UK Core Consumer Price Index
The forecast for Core Consumer Price Index of UK is 2.8 against the last index of 2.9. The release figure was 3.1%.

UK Nationwide Consumer Confidence
The forecast for Nationwide Consumer Confidence of UK is 62 against 65 for the previous month. The release figure was 60.

On Wednesday,

UK Claimant Count Rate
The previous rate was 4.6% and the forecast for last month is 4.5%. The actual Claimant Count Rate is 4.5%.

UK Jobless Claims Change
The forecast for Jobless Claims Change of UK is -20K against last month figure of – 30K. The actual change is -20.8K.

Current Forex Trading News

For today, the Forex Trading News that will likely influence GBPUSD Trading Signals is the US Consumer Price Index and US Core Consumer Price Index.

US Consumer Price Index

US Core Consumer Price Index

GBPUSD Trading Signals

The GBPUSD Trading Signals is as follows:

GBPUSD

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::GBPUSD Trading Signals

This is a Free Forex Trading Signals for GBPUSD 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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