acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Mar 30: Intra-Day Market Moving News and Views (GBP/USD)
Intra-Day Market Moving News and Views
30 Mar 2016 04:03GMT
GBP/USD - ...... The British pound tracked euro's intra-day swing closely on Tuesday. Despite a retreat to 1.4195 in European morning, price ratcheted higher to 1.4308 in New York morning after Bank of England Financial Policy Committee said in a statement of its March 23 meeting that they're ready to support financial stability as they warned of the threats stemming from the U.K.'s referendum on its membership in the European Union, then rallied to 1.4404 in New York afternoon on dovish remarks from Fed's chairman Yellen.
In the absence of U.K. economic events on Wednesday, the British pound is expected to track euro's intra-day swings closely again today.
At present, bids are noted at 1.4360-50 and then 1.4340-30 with stops at 1.4320, whilst on the upside, offers are reported at 1.4410-20 and around 1.4430 with stops above 1.4450.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Intra-Day Market Moving News and Views
30 Mar 2016 04:03GMT
GBP/USD - ...... The British pound tracked euro's intra-day swing closely on Tuesday. Despite a retreat to 1.4195 in European morning, price ratcheted higher to 1.4308 in New York morning after Bank of England Financial Policy Committee said in a statement of its March 23 meeting that they're ready to support financial stability as they warned of the threats stemming from the U.K.'s referendum on its membership in the European Union, then rallied to 1.4404 in New York afternoon on dovish remarks from Fed's chairman Yellen.
In the absence of U.K. economic events on Wednesday, the British pound is expected to track euro's intra-day swings closely again today.
At present, bids are noted at 1.4360-50 and then 1.4340-30 with stops at 1.4320, whilst on the upside, offers are reported at 1.4410-20 and around 1.4430 with stops above 1.4450.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates