Friday, 15th August, 2014
Intraday Support & Resistance Levels
Technical Indicator Signals
Currency Pair Spotlight
GBPUSD: After a continual month longer fall, the Sterling Dollar has reached 1.6656 yesterday – contrasting to when it was above 1.72 in the middle of July. Sterling was one of the best performing currencies in the first half as investors were speculating whether the UK would be the first Western major economy to raise interest rates. Now, as wage growth stagnates, the timing of the first rate rising may be once again be delayed by the BOE. Nevertheless, what we have to understand, though, is that the UK economic recovery is still relatively stronger than other major economies and the Sterling may not continues its fall in the mid-term. Yesterday, the pair left a hammer in the daily chart and RSI has been below 30. Traders be wary of the risk of the sterling’s bounce against Dollar.
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Today’s Key Economic Calendar Events
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