GBP/USD analysis for February 20, 2018

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3930. Anyway, according to the 30M time – frame, I found a hidden bullish divergence on the stochastic oscillator, which is a sign that selling looks risky. I also found a fake breakout of yesterday’s low at the price of 1.3960, which […]

De Guindos says US fiscal policy could impact on monetary policy

Spain’s economy minister and new ECB VP Luis de Guindos 20 Feb US fiscal policy becoming more expansive Spanish exports show ongoing competitiveness Spain still vulnerable to interest rate increases extraordinary mon pol is for extraordinary times doesn’t know who will succeed him to ministry post Yesterday de Guindos officially got the nod to replace Constancio […]

EU say they are not in a trade war with the USA

EU Commission headlines out a short while ago on Reuters 20 Feb has made it clear though that it would be deeply concerned about measures affecting EU industry will take appropriate measures to protect EU industry Trade wars/talks still high on 2018’s unfolding global agenda. I can’t see it getting resolved any time

Pound retreats again as Brexit-led spike runs out of steam

Same old scene for the pound 20 FebThose Brexit headlines gave the pound an algo-led shove higher exacerbated by a few intra day shorts being squeezed out.I warned at the time that we were approaching some decent GBP sell interest and rally-sellers like me were poised to jump back in.Voila! GBPUSD currently 1.3975 from 1.4016, EURGBP 0.8830 from […]

UK February CBI trends total orders 10 vs 11 expected

Latest data released by the Confederation of British Industry — 20 February 2018 Prior 14 Trends selling prices 25 vs 40 prior Readings above 0 indicates optimism while below indicates pessimism. The headline is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months. According to CBI, growth […]