Interest Rates The focus will be on the Interest Rate announcement by BOE and ECB. The BOE is expected to hold its interest rate at a record 0.5 percent today and the ECB too is expected to hold its main refinancing rate at 1 percent. However, in another development the Reserve Bank of Australia [Continue Reading]

Trading Signals I posted 2 Sell trading signals for GBPUSD yesterday. The first signal was to take profit at 1.4670 for 110 pips and the second trading signal was for a profit of 196 pips. GBPUSD reached a bottom of 1.4467 and then reverse to the current 1.4564. The first trading signal: GBPUSD [Continue Reading]