The upcoming year opens a new decade…
Another chance to trade GBP/USD
2019-11-11 • Updated
The monthly GDP growth figures will be released in the UK at 11:30 MT time on October 10. The GBP is going to trade lively versus the USD, the EUR, and other currencies. The last time this indicator came out on September 10. That time it turned out that British economic growth had accelerated more than expected (GDP rose by 0.3% in July versus the forecast of 0.2% increase). GBP/USD made a big leap up on the news. This time traders may get another exciting opportunity to profit on trading the GBP.
• If GDP growth exceeds forecast, the GBP will gain.
• If GDP growth disappoints, the GBP will fall.
Earnings reports will show how companies have performed during the third quarter…
EURCHF is a rare cross pair that is nonetheless very interesting both from the technical and fundamental point of view. Let’s throw a strategic look at it to see what we may expect in the nearest future.
The gold price recently has revisited $1,750. What are we to expect?