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Fundamental analysis of the Forex market is ruled by Policy the foreign exchange market

FreshForex news RSS 13.11.2018 at 05:07

News Forex from FreshForex

GBPUSD - flat

Events that should pay attention today:

12.30 GMT. UK: changes in the level of average earnings for September (previous value of 3.1% 3M/y; forecast of 3.1% 3M/g).


Today the pound is again under pressure as investors continue to react to negative news for Brexit. Today, the pound may test a minimum of Monday (1.2826), as sellers in the market very much. This is evidenced by the CFTC report on positions of investment funds that increase sales of the British currency. The funds do not believe in the ability of T. Mae to negotiate with Brussels and sell the pound. The only thing that today can support the British currency is the release of positive data on the average salary, however, British companies and are in no hurry to increase pay because of uncertainty about Brexit. The business is in limbo and not ready to increase spending. In this regard, today, do not expect the output data better median forecasts.

Trade recommendation: Sell 1,2880/1.2900 and take profit 1,2820.

Invite you to discuss these issues on the webinar, which will be held today at 10.30 GMT.

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