Summary
We will examine the fundamental and technical layout for the Pound Sterling. The UK economy is the best in Europe and one of the best performing in the world. What have the British done to be so successful? What is the economic scenarios supporting the Pound? Will the continued malaise on the continent affect the UK? Has the UK government really engineered the best post-recession economy? Will the Bank of England be forced to counter its rising currency? What are the technical stress points for the Sterling? What are the current trends? Are there potential for reversals? What are the likely trade set-ups, intra-day and beyond? And finally we will discuss money management. How to insure that your skills add to your profits and not negate them? Bring your own opinions, trading ideas and charts and compare notes with an expert.Latest Live Videos
Editors’ Picks
GBP/USD drops below 1.3600 after weak UK jobs report
GBP/USD is seeing a fresh selling wave, giving up the 1.3600 level in Tuesday's European trading. The United Kingdom employment data showed worsening labor market conditions, bolstering bets for a BoE interest rate cut next month. This narrative is weighing heavily on the Pound Sterling.
EUR/USD stays depressed near 1.1850 ahead of German ZEW
EUR/USD remains in the red near 1.1850 in the European session on Tuesday. A broad US Dollar bullish consolidation combined with a softer risk tone keep the pair undermined ahead of the German ZEW sentiment survey.
Gold adds to intraday losses as risk-on mood offsets dovish Fed and subdued USD demand
Gold attracts some follow-through selling for the second straight day and dives to over a one-week low, around the $4,858 area, heading into the European session on Tuesday. The commodity, however, quickly recovers to the $4,900 mark as traders opt to await more cues about the US Federal Reserve's (Fed) rate-cut path before placing fresh directional bets.
Pi Network rallies ahead of its first anniversary
Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.
The week ahead: Key inflation readings and why the AI trade could be overdone
It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.
Here is what you need to know for Tuesday, February 17:
Major currency pairs traded little changed on Monday as stock and bond markets in the United States (US) remained closed due to the Presidents' Day holiday.