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
AUD/USD drops toward 0.6500 after RBA's steady policy
AUD/USD is extending losses toward 0.6500 in Asian trading on Tuesday. The Aussie Dollar remains offered after the Reserve Bank of Australia extended the pause while markets digest the less hawkish policy statement ahead of Governor Bullock's press conference.
USD/JPY holds gains below 150.00 on the expected BoJ rate hike
USD/JPY holds gains below 150.00, as the Japanese Yen stays vulnerable amid a classic 'sell the fact' trading on the hawkish BoJ decision. The BoJ lifted the interest rate by 10 basis points (bps) from -0.1% to 0% for the first time since 2007 and abandoned the YCC framework.
Gold price flat-lines above one-week low, awaits the crucial Fed decision on Wednesday
Gold price oscillates in a range and is influenced by a combination of diverging forces. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside. Geopolitical risks lend some support to the XAU/USD ahead of the key FOMC meeting.
Bitcoin price shows weakness, but new BTC whales have created solid support at $56,400
Bitcoin price downside momentum continues to gain strength, giving sidelined and late bulls a chance to buy the dip. The market remains focussed on the oncoming halving, expected to kick off the next bull cycle. For the meantime, however, spot BTC ETFs remain the main play in the market.
Lots of tension ahead of this week's Fed decision
Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting.