Dear Traders,
There was only little consistency in the currencies' performances yesterday. While the euro preferred to trade sideways, the cable has been torn between better than expected U.K. PMI data and the neutral outcome in U.S. Manufacturing. GBP/USD still remains below 1.55 and traders are wondering if the Inflation report, scheduled for release on Thursday, could help the pound for a break through its key resistance.
Let's wait and see. Before "Super Thursday" we will keep an eye on the U.K. PMI reports. The U.K. Construction PMI is due for release at 9:30 GMT today. Furthermore U.S. Factory Orders are scheduled for release today at 15:00 GMT but this report is unlikely to have a significant impact on the USD.
ECB president Draghi will speak at the opening of the European Cultural Days today at 19:00 GMT.
Here are our daily signal alerts:
Daily Forex Signals:
EUR/USD
Long at 1.1031 SL 25 TP 40
Short at 1.0985 SL 25 TP 30-40
GBP/USD
Long at 1.5460 SL 25 TP 40
Short at 1.5370 SL 25 TP 30-40
Daily Signal- performance in pips:
November 2015
EUR/USD: -12 pips
GBP/USD: -27 pips
October 2015: EUR/USD: +257 pips, GBP/USD: -107 pips
September 2015: EUR/USD: -79 pips, GBP/USD: +236 pips
August 2015: EUR/USD: +319 pips, GBP/USD: +61 pips
July 2015 (01.07. – 16.07.): EUR: +106 pips, GBP: -123 pips
June 2015: EUR/USD: -169 pips, GBP/USD: +134 pips
May 2015: EUR/USD: -16 pips, GBP/USD: -99 pips
April 2015: EUR/USD: +153 pips, GBP/USD: +392 pips
March 2015: EUR/USD: +510 pips, GBP/USD: +275 pips
February 2015: EUR/USD: +360 pips, GBP/USD: +155 pips
January 2015: EUR/USD: +240 pips, GBP/USD: +200 pips
December 2014: EUR/USD: +405 pips, GBP/USD: +230 pips
November 2014: EUR/USD: + 135 pips, GBP/USD: + 190 pips
October 2014: EUR/USD: + 255 pips, GBP/USD: +390 pips
September 2014: EUR/USD: + 336 pips, GBP/USD: + 424 pips
Signal success rate: EUR/USD: 63 %, GBP/USD: 54 %
We wish you good trades and many pips!
Any and all liability of the author is excluded.