Free Forex Signals-GBPUSD

Written by forexwatch on 13 January 2009

Trade Balance of UK

Today the focus will be Economic Fundamental News on the Trade Balance of the UK. The Forex News which will be released at 09:30 GMT is expected to be not in favor of the GBP. The Trade Balance of UK has increase from 7.6 Billion to 7.8 Billion.

Trade Balance of US

Whereas, in the US there will be two important reactions today. The first reaction will be when FED Chairman, Bernanke Speaks at 13:00 GMT and the second will be the US Trade Balance is announced at also 13:00 GMT. The Trade Balance is expected to be in favor of the USD. The Nov. trade balance is USD 52.0 Billion against the earlier figure of USD 57.2 Billion.
In any case, look at GBPUSD at 1.4702.

GBPUSD

Short Position at: 1.4780
Stop Loss at: 1.4880
Take Profit at: 1.4700 / 1.4660 / 1.4600
OP, SL & TP at YOUR OWN RISKS

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