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Will there be Further GBP Losses vs. USD and EUR?
In the broadcast today: Will there be Further GBP Losses vs. USD and EUR? In the aftermath of yet another disappointing economic report from the U.K., we examine the factors keeping the GBP under pressure and explore the potential for further weakness of the GBP against the USD and the EUR, we analyze the latest trend developments with the GBP/USD and EUR/GBP currency pairs, we continue to monitor the range-bound price action of the EUR/USD pair, we focus on this morning’s bullish breakout attempt for the USD vs. the JPY, we note the anticipated NZD strengthening ahead of the Reserve Bank of New Zealand interest rate announcement, we highlight the market’s reaction to the Japanese CGPI and Machinery Orders, the French Industrial Production, and the U.K. Industrial Production and Manufacturing Output, we discuss new forecasts from Bank of America-Merrill Lynch and UBS, and prepare for the trading session ahead.
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Ilian Yotov is familiar to many traders as the creator of The Quarters Theory method and as one of the FX market strategists on Traders Television Network. Ilian is the founder of AllThingsForex.com and TraderTape.com, and the host of the popular daily All Things Forex broadcast. He is one of the leading educators for FX traders around the world, appearing as guest speaker at events for ISE-International Securities Exchange, PFGBest and WizetradeTV. Currency traders continue to benefit from Ilian's extensive Forex trading experience, market knowledge and The Quarters Theory method as a meaningful, substantial way to improve their own methods of trading, and to experience better and much more consistent trading results. Ilian Yotov's book "The Quarters Theory: The Revolutionary New Foreign Currencies Trading Method" was published by John Wiley and Sons, Inc. in January, 2010.
Ilian has blogged 67 posts here.
In the broadcast today: Will there be Further GBP Losses vs. USD and EUR? In the aftermath of yet another disappointing economic report from the U.K., we examine the factors keeping the GBP under pressure and explore the potential for further weakness of the GBP against the USD and the EUR, we analyze the latest trend developments with the GBP/USD and EUR/GBP currency pairs, we continue to monitor the range-bound price action of the EUR/USD pair, we focus on this morning’s bullish breakout attempt for the USD vs. the JPY, we note the anticipated NZD strengthening ahead of the Reserve Bank of New Zealand interest rate announcement, we highlight the market’s reaction to the Japanese CGPI and Machinery Orders, the French Industrial Production, and the U.K. Industrial Production and Manufacturing Output, we discuss new forecasts from Bank of America-Merrill Lynch and UBS, and prepare for the trading session ahead.
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