In the short term the pound may test the 1.5633 level

May 18, 2015

Buy on rebound from 1.5633 level with 1.5812 target. Stop loss = 1.5580.

Reason for the trading strategy

The UK's Rightmove house price index fell by 0.1% (m/m) in May. In annual terms, price growth has slowed down from 4.7% to 2.5%. The data reflect low inflationary pressures in the country, as well as a weakness of the purchasing power of British households. With an adjusting decline to the 1.5633 level, opening long positions in the pound should be considered.

Publication source
EXNESS information  EXNESS reviews

October 27, 2016
Equities investors are becoming hard to satisfy
Uninspiring earnings projections from giant U.S. companies are weighing on Asian equities this morning after Wall Street stocks fell for a second day...
October 27, 2016
USD eyes durable goods orders; pending home sales
The US Dollar Index doji pattern and the subsequent bearish close yesterday is indicating signs of exhaustion as traders wait for more catalyst from today's durable goods orders and pending home sales...
October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...

HYCM Rating
Larson&Holz IT Ltd Rating
Orbex Rating
Tickmill Rating Rating
Vantage FX Rating

Anyoption Rating
TopOption Rating
IQ Option Rating
OptionRally Rating
OptionBit Rating
Grand Option Rating