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TRADING IDEAS FOR THE NOW

GBP/USD 1.27490 10:10 06.12
EUR/USD 1.07644 10:10 06.12
Vodafone 190.155 10:00 06.12
Rio Tinto 3011.250 10:00 06.12
LLOYDS Bank 58.576 10:00 06.12
HSBC L 645.300 10:00 06.12
FTSE F-DEC16 6741.250 10:00 06.12
FTSE 250 17389.880 10:00 06.12
FTSE 100 6742.800 10:00 06.12
British American T 4346.500 10:00 06.12
Bp 462.750 10:00 06.12
Barclays 218.555 10:00 06.12
USD/RUB 63.788 10:00 06.12
USD/NOK 8.35339 10:00 06.12
USD/CHF 1.00659 10:00 06.12
OIL-FEB17 (BRENT) 54.885 10:00 06.12
Tesco 210.805 10:00 06.12
COPPER-NOV16 2.6553 10:00 06.12
EUR/ILS 4.09585 10:00 06.12
USD/ILS 3.80413 10:00 06.12
NZD/CHF 0.71713 10:00 06.12
CAD/CHF 0.75932 10:00 06.12
NZD/USD 0.71245 10:00 06.12
SUGAR (11)-MAR17 19.3350 10:00 06.12
EUR/AUD 1.44666 10:00 06.12
CAD/JPY 86.098 10:00 06.12
AUD/USD 0.74427 10:00 06.12
AUD/JPY 84.945 10:00 06.12
GBP/USD 1.27491 10:00 06.12
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By: Daniel Gant
February 20th 2014 12:45pm GMT, London UK
 

EUR/USD
The EUR/USD pair, despite very important report which came out, did not move significantly. The pair remained between 1.3725 and 1.3765 the whole day. The pair was traded around 1.3765 before the FOMC Meeting Minutes report where traders expected some changes in the monetary policy with respect to weaker U.S. data. When the report came out the pair dropped to 1.3725 but reversed and untill now has almost erased that drop. The report was quite mixed. The Unemployment rate might reach its target soon (6.5% target and the actual number is 6.6%) which means that Fed should increase their interest rates afterwards. However, the Unemployment rate is not the only one labor market indicator and the others (e.g. Non-farm payrolls) are coming out worse-than-expected. The pace of tapering monetary stimulus should remain the same. Those information should be more positive for U.S. Dollar but it seems that it is not enough for traders or it is already priced in. Today we should watch the German Flash Manufacturing PMI at 8.30AM (GMT). At 1.30PM (GMT) the U.S. Inflation data will be released. The pair is moving sideways.

GBP/USD
Contrarily from EUR/USD, the GBP/USD pair was moving significantly. First before the U.K. labour data we saw some bullish speculation which pulled the price to 1.6730. However, the Unemployment rate came out slightly below expectation and that pushed the pair down to 1.6635 means almost 100 pips. The sentiment changed with worse-than-expected U.S. housing data and the pair climbed back up but fell after due to the FOMC report. Today at 11.00AM (GMT) the U.K. CBI Industrial Order Expectations index will be released and might be followed by higher volatility. At 1.30AM (GMT) we should pay attention to U.S. CPI data which is now expected to be 0.1% increase. The trend is slightly bearish.

USD/JPY
The USD/JPY pair was moving up before FOMC Meeting Minutes report and reached 102.45 level. With mixed sentiment the pair then started to range and as the Chinese HSBC Flash Manufacturing PMI came out the pair fell to 101.75. Yen as a safe-haven currency has been always benefiting from the signs of weaker Chinese economy. The pair might now bounce on its support and partially recover the drop before the U.S. CPI data which will be released at 1.30PM (GMT).

GOLD
The price of Gold was traded sideways during yesterday’s trading hours until the FOMC Meeting Report was released and the price dropped to $1,309/ounce. The report from the FOMC Meeting in January showed that Fed wants to continue withdrawing the monetary stimulus by $10 billion/month even the U.S. data will slightly decrease. The physical demand for gold has remained weak which made the price to drop more. However, Chinese weak data might cause some appetite for buyin

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Daniel Gant
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Daniel Gant

Broker at GOptions
My strategies have been maintained and reworked for the last four years. Win loss accuracy and a stable method of volume production has insured my clients inside my personal portfolio success, not to mention the education, guides and management sessions that I teach daily.

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Daniel Gant
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