Tag Archive GBP

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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FTSE 100 in for the Long Haul

With the rapid climb of Indices such as the FTSE 100, in the last couple of weeks, and with the prospect of further highs with Brexit news.

With a correlation with GBP, a weak GBP means a lot of FTSE 100 companies will produce greater profits, so a reach of 8,000 for the FTSE could be hit this year, we’re optimistic, albeit with a few dips along the way, it’ll be reached.

Sit tight and wait it out for FTSE Long.

FTSE 100

 

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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




Capitalising on GBP Weakness 24th Oct + £78

So had GDP growth figures come out which showed that growth had increased despite the ongoing Brexit uncertainty, I was planning on capitalising on the pound weakness. Inflation was way above is annual target of 2% and without any nod from the Bank of England that they were planning on raising interest rates, for GBP, it looked as though the pound was on a downward spiral.

Until of course GDP figures were released yesterday, I closed out my short positions that I had and now I wait until next week for the 2nd of Nov when we’ll know for sure if the BoE raises interest rates.

 

GBP

GBP

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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




 

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