Tag Archive GBP

GBPCAD First Trade of the Week




In to the started June with the first trade of the week on GBPCAD.

We had some UK data from the Construction PMI showing perhaps modest improvement within the UK construction activity as we are midway through the second quarter of the year at 52.5 for the month of May.

We also had Services PMI at 54.0 above what was forecast at 52.9 meaning possible industry expansion however in recent months we have seen business volumes continued to rise at a relatively subdued rate and weak customer demand so how long the increase can hold is anyone’s guess.

These result had given the GBP some strength.

With Canadian Labor Productivity q/q out, the last result back in March had been 0.2% which was more than forecast, on today’s expected result some investors could be waiting nervously expecting a further drop in strength for the CAD.

We entered our first trade of the week for the short term given the new releases.

And with possible Sellers at around the 17600 area looking to short, we didn’t want to hang around for long.

So still managed a nice profit of £153.80 for the fund.

first trade

(Our trading and image was done using an account with UK based broker IG)

*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. 




Taking Profit on GBPCAD before a downturn




We went in to the trade to profit on the GBPCAD with possible strength gain for the trade, however with recent news about the unlikely rate hike at the BoE on Thursday, this may mean the GBP weakening.

We had a long position in an area of buyers around the 17400 mark, we could have waited for the retracement to complete at the area of sellers at around the 18000 area, however with news due out later today on the UK  10-year bond auction and the BRC Retail Sales Monitor looking like a reduction in the value of same-store sales the GBPCAD might not manage to reach the mark.

Instead we took our profit before the downturn continues.

gbpcad

(Our trading and image was done using an account with UK based broker IG)

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. 




Scalp Trade on GBPUSD




So not the trade we were hoping for with a trade on GBPUSD.

We did hope for further momentum to the upside to the area of 13800 however we took notice of some factors which may mean the  bearish trend is expected to prevail for a while.

In the economic news, on Tuesday the Fed Chair Jerome Powell Speaking at the High Level Conference on the International Monetary System in Zurich and on Thursday the Bank of England Gov Mark Carney will be delivering the BoE decision on Interest Rates, though we are seeing a shift in expectations and the likelihood for the BOE to raise rates are looking rock bottom, and we’ve seen the big shift in the chart.

The trend is still looking at the downside and may not break the previous lows but we could still be in for an extended period of a downtrend.

So we’ve settled on a quick scalp trade, still £27.60 if still profit for the fund.

trade

(Our trading and image was done using an account with UK based broker IG)

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. 




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 strength.

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

(Our trading and image was done using an account with UK based broker IG)

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. 

FTSE 100 Index has been steadily heading back into a positive territory





The FTSE 100 Index has been steadily heading back into a positive territory from the last few weeks over concerns had been intensifying about a possible trade war between the US and China, though in the last couple of days these have cooled for the moment despite comments from President Trump over including the threat of a further $100 billion of tariffs against China.

The FTSE 100 had lost about 1.4% and had been partly weighed down by a continued recovery in the GBP from post-Brexit lows.

FTSE 100 Index

Due to the fall we had been stopped out, but had managed to get an order back in as we still predict that in the coming year might still see the likelihood of the FTSE 100 Index breaking the 8000 mark.

The index is now up at 7,190 points after a late rise and we believe it will be a long and steady wait to the mark.

(Our trading and image was done using an account with UK based broker IG)

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. 




Brexit and the British Pound Journey





June 2016 and that vote, see’s the British Pound fall off a cliff, well not a large cliff exactly , but it was a significant drop in the value of the Pound.

From the news, it all sounds like doom and gloom, companies who import from abroad or mainly from Euro nations and the US are seeing their import costs going up, which results in a squeeze in their purchasing power and potentially effecting other business costs.

From many in the public view, a lot of people see the value of the pound effecting their holidays, potentially the cost of a trip to Europe may now be dearer than compared to top the previous years, a big difference  being seen in the cost of all the important travel money for those holiday spends. The price rise of a glass of Sangria in Spain can leave a bitter taste in the mouth, then followed by a quick remark ‘The Pound doesn’t go as far as it used too’…

British Pound

But let’s look at the other side of the coin (or the Pound if you pardon the pun).

Firstly a lot of the companies listed on the FTSE 100 make a large proportion of their profits overseas, so when the Pound falls in value against other currencies the great profits when the sales are made in one currency and converted back, such as converting the US Dollar into British Pound, this means the companies list greater profits, which in turn boosts investor confidence and they invest in the particular company hence the share price goes up and up.

Well what’s that got to do with the average man or woman on the street I hear you ask, well be sides from perhaps buying or holding some of those share in the particular company you may also have pension contributions made to a fund which invests that pension contribution into one of the FTSE 100 companies, buy buying those shares, so the higher those shares go, the more those share are going to be worth meaning a greater profit potential when they’re sold.

Also when the company is making more money, in theory this should allow the company to invest more in a number of things such as the workforce pay and conditions or research and development, boosting productivity with better machinery and or computers; investing in its future.

Another thing to remember is a weakened pound also makes Britain a favourite for tourist visits from overseas as their currency has greater buying power, so more tourists give our tourism sector a boost; enabling more small industries such as gift shops, fish & chip shops, B&Bs and even Pubs and many, many more who support the tourism trade to make successful trade and to hiring more people, boosting their local economy with jobs and further investment. British

So there are many things to consider with the direction of the British Pound after the vote of last year, there are positives and negatives on both sides of the argument, it all depends on which side of the argument you’re on,  some people can argue this has all been terrible look at the value of the pound, it’s eroding our purchasing power and now it’s costing us more to go on holiday abroad or others may argue, this is great, business has picked and the drop in the pound has given our industry a much needed boost.

If you’re going to trade British Pound, well hold on because you may be in for perhaps a few bumps along the way while Brexit is sorted out.

*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

(Our trading and image was done using an account with UK based broker IG)

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. 




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. We’ll be monitoring movements along the way along with other indices, sometime we can see a correlation with the movement of different indices and we may see a upward trend for others aswell as the FTSE.

Sit tight and wait it out for FTSE Long.

FTSE 100

(Our trading and image was done using an account with UK based broker IG)

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. 




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

(Our trading and image was done using an account with UK based broker IG)

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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