Forex Signals Brief for Apr 19: The Majors Are In-Play
Rowan Crosby • 1 min read
The big data releases keep on coming this week, which has been a nice change of pace. Yesterday, we had a number of important inflation figures and interest rate decisions. With more on the way today.
The FX Leaders team have been keeping their cards close to their chest as we let some of the figures play-out in the market. Yesterday, we grabbed another winner and had one signal in the red. We are in a number of positions that have been relatively slow burns.
We are currently in an AUD/USD trade as well as the EUR/GBP and USD/JPY. While our long-term trade in the GBP/USD made a nice move in our direction.
If you’re interested in the majors there should be a few opportunities on the horizon. So please keep the forex signals page open to grab any chances as they come along.
Forex Signal Watchlist
S&P 500 – Markets are holding up well despite a period of volatility.
Oil – Oil had another huge spike as we got a lower than anticipated inventory number.
Live Forex Signals
This pair spiked higher thanks to some poor data out of the UK. However, the EUR also saw a miss with their CPI. We jumped higher and there might be a chance for a retrace as the dust settles. Our take profit is at 0.8689.
EUR/GBP- 240 min Chart.
GBP/USD – Strong Move
A weaker than anticipated CPI figure was not what the BOE wanted to see, but it was good news for our long-term signal. Yesterday I suggested we were getting close to a top and this move might be the start of that. The take profit target is at 1.3237 in our long-term position.
GBP/USD – 240 min Chart.