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U.S. Consumer Confidence falls in September

Germany's unemployment exceeds expectations in September

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

FxWirePro: Daily Commodity Tracker - 21st March, 2022

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. vehicle sales fall again in November

U.S. durable goods orders sustain robust growth

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

U.S. existing home sales decline in August

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

U.S. Q3 economic growth unrevised in second estimate

Bank Indonesia keeps key interest rate on hold at 3.75 pct

U.S. weekly jobless claims unexpectedly decrease

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Canada's economy shows growth in July, but growth stalled in

FxWirePro: Buy GBP/USD in short-term targeting 1.338

Wednesday, April 3, 2019 12:34 PM UTC

The trend line provided key support,

  • The trend line which provided support to the pound against USD since November last year has once again lent support this week around 1.3 area. And GBP/USD is now comfortably higher trading at 1.318.
  • The positive Brexit news that the UK Prime Minister Theresa May, the leader of the Conservative party will work with opposition leader Jeremy Corbyn to seal an agreement before the deadline expires on April 12th.
  • Our calculations suggest that the current bounce back/rally has much further to go, riding on the positive Brexit news and a weaker USD, which stalled its rally yesterday with an inverted hammer candle in the daily chart.

Trade idea:

  • GBP/USD is likely to retest resistance around 1.34 area, in the coming days, as long as the trend line support holds.

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