Tue, 01 May 2012 18:41:00 +0400
Forex news, GBPUSD. BNY Mellon experts believe that the Bank of England will inevitably face problems, caused by the increase of British currency. This may stipulate verbal interventions from the Bank. Times change, and the Bank of England will have to cede the secrecy, which it has always demonstrated in monetary policy.
British pound is turning into shelter currency again. Such change of roles is happening under the influence of investors, who are trying to avoid the impact of debt crisis in eurozone. However, the change is happening in inconvenient for British government time, and higher GBPUSD may have negative impact on the efforts of British government that are directed at fighting recession.
GBPUSD remains within long-term rising trend. According to the experts of Masterforex-V Trading System Department, the pair has finished forming 3rd sub-wave or sub-wave А(С)/С as a part of long-term bullish wave С. At this point GBPUSD currency pair is within the zone of forming 4th sub-wave or sub-wave В(С) of bullish trend. 5th sub-wave or sub-wave А as a part of Elder’s Hound/MF will start when local maximum is broken. The closest resistance is provided by Fibonacci points 1.6345 and 1.6389. Further decline will be supported by pivot MF 1.6152, as well as the end of 4th sub-wave – 1.6062, and sloping channel MF.
You are free to discuss this article here: forum for traders and investors
PAMM investing is one of the best and most profitable ways to invest in Forex at relatively low risk. Still, most beginning investors out there have a hard time choosing a suitable PAMM account to invest in. Some of those PAMM managers may apply aggressive risk management and risky strategies for the sake of higher profits. Apparently, this may lead to considerable drawdowns at times while some investors don’t have such risk tolerance to bear with it. On the other hand, some traders may apply conservative strategies for the sake of stability, thereby sacrificing high profitability. Anyways, there are various kinds of investors out there. Yet, there are certain kinds of PAMM accounts for all of them. That’s why PrivateFX let’s you monitor various readings for the entire period since day one as well as for the past trading week. This holds true for profitability, drawdowns etc. Analyzing and comparing those data cannot be underestimated in terms of choosing which PAMM account to go with.
According to the recent report released by the Federal Reserve, the U.S. industrial production slowed down as of March 2016. The drop amounted to 0.6% over the reporting period relative to the previous one, which is February 2016. At the same time those who were interviewed by Bloomberg had expected the industrial production to drop by no more than 0.1%.
Canada’s manufacturing sector showed a decline in February 2016. This is confirmed by Statistics Canada. Analysts point out that the key factor that triggered the decline was a auto and oil sales drop. February’s sales drop amounted to 3.3%.