Previous Post Highlight

Slumdog Forex - Daily Forex Analysis

GBP Reaction To Second quarter GDP - September 2012


GBP is expected to fall against the dollar in yesterday's trade, along with the higher risk currencies due to Increased tensions in the Euro Zone.
GBP / USD has found the lowest price, and met with support from the first bounce the channel.
For today, expect the British Pound traders to react to the final second quarter GDP number. Although the report is expected to be unchanged from the first quarter, the 0.5% decline means the economy continues to REMAIN in a recession. A bigger than expected drop will be bearish for the GBP / USD











0 comment(s):

Trade at your own risk. Do not trade forex as forex trading involves financial risk, and do not trade with money you can’t afford to lose. This is neither a solicitation nor an offer to buy/sell currencies / forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
 
© 2009 Slumdog Forex - Daily Forex Analysis | Powered by Blogger | Built on the Blogger Template Valid X/HTML (Just Home Page) | Design: Choen | PageNav: Abu Farhan