FOREX GBP USD: Pound/Dollar: Expected Rebound from Daily Support. 25 November 2015.

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Carney and Haldane aided the pound to pass exactly as I forecasted. My euro expectations didn’t come off, since the euro pound cross rose due to active pound sales. The Bank of England’s Mark Carney announced that the interest rate for the country will remain low for some time. The Bank’s economist Haldane announced that the risk balance for the UK economy and inflation is skewed downwards.

FOREX EUR USD: 1.0567 Target. 24 Novembre 2015

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Yesterday’s Trading:
The euro yesterday jumped from a minimum with the dollar from 1.0600 to 1.0656. The rate then fell from the 45th degree to 1.0592 and after trading closed in Europe, the rate renewed to 1.0643. It’s quite difficult to explain such behaviour since there was an unplanned US Fed meeting at 18:30 EET yesterday to discuss US interest rates. Moreover, the oil market was swinging after news came out of Saudi Arabia that the government there is ready to undertake the necessary measures in order to secure price stability on the oil market. The outcome of the US Fed meeting is still unclear.

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