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How GBPUSD might be affected by the General Election

FxProUpdates

FxPro cTrader for iOS update

FxPro cTrader for iOS was recently updated. The list of the new features is below: Symbol-centric view: After a symbol is selected all content is filtered for this symbol. Position-centric view: A brand new position management mode, where the position is graphically depicted in a chart, advanced modification options are available and all content is filtered for the position. Universal search. Live streaming news. A redesigned tab-bar with fluid animation to always keep the trader in context. ...

FxProTV

FxPro Currency Check 0730 30.04.2015

FxPro Currency Check 0730 30.04.2015

FxProUpdates

US slowdown destabilises markets

Yesterday’s US GDP data confirmed the divergence between the UK and US, which has now been building for some months and we saw GBPUSD crescendo higher. It is now not far from recording a new 2015 high, but we are still some way off the 200 day moving average, which sits around the 1.5700 level, so the jury is still out as to whether this sharp move to the upside in the past few weeks is a reversal of the downward trend that commenced last July. Naturally there was also some risk taken off the ...

FxProTV

FxPro Currency Check 0730 29.04.2015

FxPro Currency Check 0730 29.04.2015

FxProUpdates

Dollar to be tested by FOMC

Ahead of the FOMC it’s the turn of the US to release GDP data today which is expected to see the Q1 annualised rate decline from 2.2% to 1.1%. This evidences the drive of GBPUSD’s recent strength and yesterday’s poor US consumer confidence data allowed “cable” to forget the weaker than expected UK GDP data and push on higher above the 1.5300 level, to an almost two month high. So, at this month’s FOMC meeting the Fed has had to consider a very poor nonfarm payroll number earlier in April, weak ...

FxProTV

FxPro Currency Check 0730 28.04.2015

FxPro Currency Check 0730 28.04.2015

FxProUpdates

Divergence between UK and US

The economic calendar is busy today with UK GDP data this morning being a focus and one of the reasons for the recent strength in GBPUSD. There’s been a shift in the paradigm as US data has been showing signs of an economy running out of puff, whilst UK data continues to show a recovery that maintains its momentum, so with UK GDP released today and US GDP tomorrow we will continue to see evidence of this divergence. The UK’s Q1 number is due to come in at 0.5%, with Y on Y at 2.6% whilst US Q1 ...

FxProTV

FxPro Currency Check 0730 27.04.2015

FxPro Currency Check 0730 27.04.2015