GBPUSD
All momentum indicators pointing to short... we can make quick 20-25 pips profit.
- Manufacturing Production posted a strong gain of 1.3%, but the pound was unable to take advantage against the dollar.
- News Monday, 00:01. This housing inflation index provides a snapshot of the level of activity in the housing sector. The index has posted two straight declines.
- News on BoE Governor Mark Carney Speech: Monday, 18:30. Carney will deliver remarks at the London School of Economics. A speech which is more hawkish than expected is bullish for the British pound.
- News on CPI: Tuesday, 9:30. CPI is one of the most important indicators and should be treated as a market-mover. The index improved in November, posting a gain of 1.2%, edging above the forecast of 1.1%. The upward swing is expected to continue in December, with an estimate of 1.4%.
The US economy enters 2017 in excellent shape and the inauguration of Trump at the end of the week could raise expectations for fiscal stimulus, boosting the US dollar.
As usual I'm in for 20-25 pip profit. Ride with me!
Trade fermée: cible de profit atteinte:
Target reached and profit taken.
Hope you guys took this trade
Hope you guys took this trade
