GBPUSD Trading Signals
Forex Trading Signals
The Trading Signals for GBPUSD currency pair is for Forex Traders trading on Economic News releases.
On Friday last week, the Dollar dropped briefly following the announcement of U.S Advance Retail Sales figures. Consumer spending is reflected in the Retail Sales Report. It is vital to the US economy because it constitute more than two-thirds of all economic activity. The report showed that the Retail Sales dropped in May, a 1.2% decline, fueling concern that the pace of the US economic recovery may be slowing.
However, the Dollar rallied across the board after a report from University of Michigan showed that Consumer Confidence Index rose to 74.5 from 73.6 in June, confirming the nation’s economic recovery remains on track.
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Advance Retail Sales of US
Advance Retail Sales is the indicator for the sales of goods to consumers at retail outlets. It is a measure of consumers’ demand of goods.
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University of Michigan Consumer Sentiment Index
A low or falling University of Michigan Sentiment value is regarded as an early indicator of an economic downturn. A declining consumer confidence levels usually is the result of a decrease in income and thus causing a drop in consumer spending.
For today, the Forex Trading News that will influence GBPUSD trades are:
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Consumer Price Index of UK
Measures the change in prices for retail goods and services, including food and gas. The Consumer Price Index is the key measure of inflation.
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Core Consumer Price Index of UK
The Consumer Price Index is the key measure of inflation for the UK and is used by the Bank of England in making interest rate decisions. The report tracks changes in the price of a basket of goods and services that a typical British household might purchase. An increase in the index indicates that it takes more Sterling to purchase this same set of basic consumer items.
GBPUSD Trading Signals
The Trading Signals for GBPUSD is as follows::
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GBPUSD
- GBPUSD Forex Trading Alerts | US Trade Balance GBPUSD Forex Trading Alerts The GBPUSD Forex Trading Alerts for...
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Long Position at: 1.4750
Stop Loss at: 1.4700
Take Profit at: 1.4798 / 1.4828 / 1.4860
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Short Position at: 1.4690
Stop Loss at: 1.4740
Take Profit at: 1.4658 / 1.4620 / 1.4574
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OP, SL & TP at YOUR OWN RISKS
Trading Signals at TadawulFx
Free Forex Trading Signals for GBPUSD, EURUSD, USDCHF, USDJPY are available about 6 to 7 times daily for live account traders at the Meta 4 Trading Platform of TadawulFx.
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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