Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Market Analysis by CapitalStreetFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Option_Banque, post: 99064, member: 35354"] [SIZE=6][B]GBPUSD Deepens Losses After Security Alerts Across Europe[/B][/SIZE] Today, according to the Office for National Statistics, the Consumer Price Index (CPI), which measures the change in the price of goods and services purchased by consumers, rose by 0.3%, staying unchanged from January 2016. The so-called Core CPI (excludes food, energy, alcohol, and tobacco items) has remained at 1.2 percent for 2 consecutive months. The Producer Price Index (PPI), which estimates the price of goods bought and sold by UK manufacturers, inched up 1.1% in March 2016, compared with a fall of 1.1% in the year to February 2016. The PPI Output, which only includes goods produced domestically, inched up 0.1% in March 2016, after falling consecutively in 7 months to February. At the same time, the Public Sector Net Borrowing, which indicates the budget deficit and includes “financial interventions”, was released with the increase of 6.5 billion euro after the 14.4 billion euro drop last month. The Retail Price Index (RPI) stays unchanged compared with previous months at 1.3%. The index only measures goods and services bought for the purpose of consumption by the vast majority of households, and includes housing costs which are excluded from CPI. To March 2016, the UK House Price Index, the change in the selling price of homes, increases by 7.9% from 6.7% in February. The index rose more than market forecast of 6.9%. [IMG]http://capitalstreetfx.com/wp-content/uploads/2016/03/GBPUSD2.png[/IMG] Fig: GBPUSD D1 Technical Chart On chart D1, GBPUSD is falling strongly from the resistance at 1.45204, the highest level in more than 20 days. The RSI is hovering around level 47, pointing to the oversold territory, indicating that the buying power is weaker and weaker. The pair is anticipated to continue the downtrend, hitting the support at 1.40472, created on March 16. [B]Trade suggestion[/B] Buy at $1.41800, Take profit at $1.42850, Stoploss at $1.41455. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…