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Some info about GBP next week.

The Week Ahead
FOMC meeting will take center stage this week. Fed is widely expected to be on hold at 2.00% and focus will be on the accompanying statement on Fed's view on risk of inflation and the status of economic slowdown. Markets will base on the statement to reprice the chance of the next move from Fed. Other important data from US include Conference Board Consumer Confidence, House price index, new and existing. home sales, durable goods orders, May PCE and Q1 GDP finalized
In Eurozone, main focus will be on Germany IFO and Gfk, Eurozone PMIs. House price indices from UK will be featured with Q1 GDP. From Swiss, KOF leading indicator will be watched. From Japan, main focus will be on May National CPI, retail sales and unemployment rate. From Canada, May PPI will be released.
While Fed speculations remains the major factor in the overall forex markets, another critical factor will be on carry trades. So far, the Japanese yen reacted little to recent weakness in the stock markets. The broad based weakness in yen is driven by expectation on widening rate gap, especially in EUR/JPY. However, note that firstly, upside momentum in yen crosses is seen diminishing generally. Secondly, some weakness is already seen in USD/JPY, AUD/JPY and NZD/JPY. Thirdly, EUR/JPY and GBP/JPY are both near to important resistance levels. Traders should be alert of any signal of broad based rebound in the yen, which could be triggered by carry trade unwinding if the global stock markets dive further this week.


Can the British Pound Extend its Gains?

The British pound has had a great week thanks to broad dollar weakness and strong economic data. The UK retail sales report has raised a lot of questions as to how much longer the Bank of England can remain on hold. Earlier this week, Bank of England Governor King warned that inflation could hit 4 percent this year, which is 2 full percentage points higher than their inflation target. The only thing holding the BoE back from raising interest rates now is growth, but if growth is stabilizing, then a rate hike may be just around the corner. Unfortunately there isn’t a lot of data to help the British pound next week. The calendar is relatively light except for a few reports on house prices, the final GDP numbers for the first quarter and current account.


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Last edited:
takde prediction ke??

hehehe..

otak aku dah tepu ni, tak mampu nk wat analisa...:)) :))

dah hampir dgn top daily TL,dah hampir dgn previous high,dah sampai ke hujung segitiga,tf daily AO dah tepu dan dah muncul bar merah,tak lama lagi mungkin berlaku break down,( big retracement..)
 
dah hampir dgn top daily TL,dah hampir dgn previous high,dah sampai ke hujung segitiga,tf daily AO dah tepu dan dah muncul bar merah,tak lama lagi mungkin berlaku break down,( big retracement..)

bila tah aku nk short GJ ni..

aku dah tepu bersama emosi ni...~X( ~X(
 
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