Forex Signals Brief for Apr 20: Four Winners with the Majors Getting Busy
The majors were busy yesterday and it was the GBP that was the big mover. BOE’s Carney came out and suggested that he wasn’t 100% certain on the pace at which rates will rise in the UK. That sent the GBP tumbling and that was good news for our followers.
The FX Leaders Team nailed four winners in total with a short in the GBP/USD finding some nice profits. We also got an account boost from the EUR/GBP, the AUD/USD and the USD/JPY.
While our long-term signal in the GBP/USD took an almighty step in the right direction as the bears regained control.
Friday should see a busy day for the USD/CAD with some major economic data. While there is likely to be more fallout from the Carney comments. So be sure to leave the forex signals page open as the majors are very active at the moment.
Forex Signal Watchlist
S&P 500 – Markets sold-off a touch yesterday and we are still looking for a long position.
Oil – Oil has been extremely volatile this week and we are watching this closely for a clear directional trend.
Live Forex Signals
GBP/USD – Big Wins
The GBP/USD has really turned the corner this week and we have started to see the seller’s gain back some control. We have been suggesting the pound has been overbought as markets had been pricing in the best case scenario for both interest rate rises and Brexit. Both of which are far from certain. You can read about some of the key drivers in the GBP/USD in my earlier article. So far the sell-off has been good to us in a number of trades. The take profit target is at 1.3237 in our long-term position.