Dow Charge Evidence Trade Wars Don’t Matter and Where are EURUSD, GBPUSD Heading?

Talking Points: Top headlines to end the week was the implementation of the US-China reciprocal ($ 34 bln) tariffs and June NFPs Despite the rubber hitting the road on trade wars, US equity indices buoyed sentiment – raising questions for sentiment Key event risk ahead are unscheduled updates on the trade war, the Fed’s report […]

GBPUSD Price Might Dip Lower Based on Sentiment

Traders Remain Net-Long Since Apr 20 GBPUSD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.41803; price has moved 7.0% lower since then. The number of traders net-long is […]

GBPUSD Downtrend Set to Continue

GBPUSD talking points: – After touching a 2018 high of 1.4377 on April 17, GBPUSD has dropped back below the psychologically significant 1.40 level. – Now those losses look set to be extended, with the February and March lows the initial targets. Check out the IG Client Sentiment data to help you trade profitably. And […]

GBP/USD Rebound to Face FOMC, BoE, NFP- Levels to Know

To receive Michael’s analysis directly via email, please SIGN UP HERE GBP/USD Daily Chart Technical Outlook:This week’s Technical Perspective highlighted a constructive bias in cable while above the 1.3020 confluence support zone as price continues to trade within this broad median-line formation. Heading into majorevent risk over the next 72 hours the focus is on […]

Brexit Briefing: GBP/USD Well Placed to Gain as Brussels Talks Proceed

Talking Points – The British Pound is well placed to make further gains once the current sideways trend ends. – Little is expected from the fourth round of Brexit talks so any disappointment will likely be limited. Check out our Trading Guides: they’re free and have been updated,with several new ones now available including Forex […]