The decline in the volume of the UK industrial production shattered the pound

January 13, 2016

Sell on a level breakthrough of 1.4352 with 1.4223 target. Stop loss = 1.4402.

Reason for the trading strategy

In November, the volume of the UK industrial production decreased by 0.7% (m/m), with a forecast of 0% (m/m). The manufacturing output was also smaller than the forecast, having decreased by 0.4% (m/m). The unfavorable macroeconomic statistics reduces the likelihood of an imminent tightening of the interest rate policy in this country.

Publication source
EXNESS information  EXNESS reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

Tickmill Rating
OANDA Rating
FIBO Group Rating
OctaFX Rating
XM Rating Rating

Grand Option Rating
365BinaryOption Rating
TopOption Rating
OptionRally Rating
Banc De Binary Rating
Anyoption Rating