Tag Archive Dollar

Short Term Profit of £24.60 on Pound Strength




With a recent surge of the Pound hitting the highest level since the Brexit vote June 2016 added with a Dollar weakness after the uncertainty of US trade policy helped the GBP to an increase of a 21 month high of 1.4345

Before the release of unemployment data with expectations of strong employment and wage growth could be a contributing factor for a chance by the Bank of England to raise rates in the coming  month.

Expectations have for some time think the Bank of England will raise interest rates thus giving the Pound more strtength.

We took a quick opportunity to take a short term trade going long GBPUSD while the news was good.

Not bad for a quick £24.60 profit.

Pound

 

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*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 

A quick GBPUSD Long position for £143.60 profit

With some vital USD data due out today concerning CPI and US retails sales, the forecast for both wasn’t looking good a GBPUSD Long Position trade was for the taking.

With Brexit potentially weighing on GBP it has kept a steady level and managed some strength for a help to push up for a GBPUSD Long position, we managed to take £143.60

This could be a clue to the banks getting in a good position to hedge in case of good US data which will strengthen the Dollar and go short.

Either way, we did our analysis and took our opportunity to take a quick position.

GBPUSD Long Position

 

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*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




Gold Short Trade for New Year Profit

With stock markets around the world on a somewhat new year surge, from a correlation point of view we thought we’d short Gold, added to this the recent weakness in the US Dollar supported a growth in the price of gold, however a new year strengthening of the dollar after a discussion of tax cuts and further interest rate hikes meant the surge in gold prices was a temporary phase.

The markets will also be waiting for Friday’s Non- Farm Payroll results which could go either way for the Dollar and could prove turbulent for gold

We went with a quick trade for a healthy £317.00 profit, a good result as we wanted to be in and out before further change in the market news.

Gold

 

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 

 




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