empty
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

09.10.201815:52 Forex Analysis & Reviews: The trading plan for the pound on October 9, 2018

Long-term review

Although the US had a day off yesterday, the dollar was able to resume its growth against the pound. This is largely due to the rebound after Friday's growth of the pound, caused by extremely weak data on the US labor market. True, the European problems that have a negative impact on the single European currency have somewhat spoiled the life of the pound.

Today, the calendar is completely empty, although BRC has published its retail sales data, which showed a 0.2% growth shift, a decline of 0.2%. This, of course, is not complete retail sales data, but still there is something to think about. Also today, you can pay attention to the speech of Charles Evans, as it precedes the release of data on inflation, which will be published tomorrow and the day after tomorrow. Given that inflation is expected to rise, a representative of the Fed will be waiting for statements specifically on this matter. If a member of the Federal Commission on operations in the open market focuses on this issue, then all questions will be removed regarding the rate of increase in the Fed's refinancing rate.

The currency pair pound / dollar once again felt support in the region of the range level of 1.3000 / 1.3050, forming a pullback. Probably assume a return to the framework of this level, where relative it and we will consider the main course.

Exchange Rates 09.10.2018 analysis

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Mark Bom,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Não pode falar agora?
Faça sua pergunta no chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.