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  • Squawk / 1 hour ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD suffers as UK faces up to a “No-Deal” risk by Stephen Pope

    When is seemed that the UK might get a Brexit breakthrough Cable hit 1.3300
    That was rapidly reversed as the EU27 rejected Chequers outright
    The technical sentiment is poor across all time measures
    The opposition are not offering any credible alternative solution…so sell Sterling

    See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/gbpusd-suffers-as-uk-faces-up-to-a-no-deal-risk/
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  • Squawk / 2 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    FTSE 100 surges as the Pound plunges amid resuming Brexit concerns

    The FTSE 100 leapt higher Friday helped by a weakening GB Pound in the midst of renewed concerns regarding a more likely No Deal Brexit and with the current Conservative Government under Prime Minister Theresa May looking more fragile.
    GBPUSD was technically weakened by Friday’s selloff, leaving risks still lower for late September (and beyond).
    In addition, the already recovering FTSE 100 was boosted by a strong recovery on Base Metals markets, as we featured in our last report here
    These factors leave the bias higher for the FTSE 100 into the end of Q3 (and on into October).

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/ftse-100-surges-as-the-pound-plunges-amid-resuming-brexit-concerns/
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  • Squawk / Friday at 9:11 GMT
    Professional Technical Analyst / BSH Advisory
    India
    Alert: Dollar trading at 93.85 downside support holding at 93.75 which is a 200MA as per Daily chart where it can hold can correct upside till 94.20 again behalf of technical correction after a sharp fall from 95 levels. Though trend remains weak technical correction cannot be ruled out. In this context, forex pairs can correct from their recent highs to their important supports where can attract buyers. Traders can make a note and avoid fresh buying in forex pairs at current levels.

    for live signals one can ask us at our whatsapp +91 7799061547
    facebook: www.facebook.com/bsh.advisory

    Thanks and regards
    BSH Advisory
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  • Calendar event / Thursday at 14:00 GMT

    US Existing Home Sales

    forecast
    actual
    Med Existing Sales
    5.38M
    5.34M
    Med Existing Sales, M/M%
    +0.7%
    0%
    Med Unsold Homes Month's Supply
    4.3
    Med Median Price (USD)
    264800
    Med Median Home Price, Y/Y%
    +4.6%
  • Calendar event / Wednesday at 8:30 GMT

    GB UK monthly inflation figures

    forecast
    actual
    High CPI, Y/Y%
    +2.4%
    +2.7%
    High Core CPI, Y/Y%
    +1.8%
    +2.1%
    High Retail Price Idx, Y/Y%
    +3.2%
    +3.5%
    Med CPI, M/M%
    +0.5%
    +0.7%
    Med Core CPI, M/M%
    +0.8%
    Med Retail Price Idx, M/M%
    +0.7%
    +0.9%
  • Calendar event / Wednesday at 8:30 GMT

    GB UK producer prices

    forecast
    actual
    High Output PPI, Y/Y%
    +2.9%
    +2.9%
    Med Core Output PPI, M/M%
    +0.1%
    Med Core Output PPI, Y/Y%
    +2.1%
    Med Input PPI, M/M%
    +0.6%
    +0.5%
    Med Input PPI, Y/Y%
    +9.4%
    +8.7%
    Med Output PPI, M/M%
    +0.2%
    +0.2%
  • Squawk / Wednesday at 7:03 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD and FTSE 100 poised for bullish signals into UK inflation data

    Today, Wednesday 19th September brings a host of UK inflation data at 09.30 GMT+1, with the headline number being the Consumer Price Index (CPI), which will likely impact onto the GB Pound and the FTSER 100 index.
    Although GBPUSD and the FTSE 100 are to an extent, inversely corelated on an intraday basis, both these markets are poised to make more positive statements.
    For GBPUSD, a push above 1.3213 would signal an intermediate-term shift to bullish.
    For the FTSE 100, the market is poised to signal a short-term Triple Bottom pattern, triggered above 7326, to then encourage a better recovery theme into the second half of September.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-and-ftse-100-poised-for-bullish-signals-into-uk-inflation-data/
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