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UK GDP m/m & Manufacturing Production


Good morning,

GBP/EUR was stuck in a tight range again yesterday, the pair traded between 1.1187-1.1125 due to lack of economic data. We began Wednesday trading at 1.1120 and the pair soared to 1.1180 before falling back to the 1.1100 mark. We expect today's trading to be more exciting as the UK will released GDP and Manufactoring Production figures at 09:30am which will then be followed by a speech by BOE Gov Mark Carney. We open this mornings trading at 1.1109.

GBP/USD swung from the low to the high then back to the low early morning on Wednesday, cable started the day at 1.2201 and at 9am the pair leaped to 1.2291 before declined back to 1.2210 around 10am. The afternoon session saw sideways trading as GBP/USD sat between 1.2220-1.2230. The U.S released negative figures on Crude Oil Inventories yesterday and today's economic calendar is busy due to high impact data from the UK and Core CPI & CPI m/m coming out from the U.S. We open at 1.2239.

EUR/USD's push to break 1.10 this week has been unsuccessful and yesterday was no different, the pair was sat between 1.0970-1.0988 with no major movements to report... This morning however, EUR/USD has managed to accelerate and finally break the 1.10 mark by pushing through to 1.1015 following positive data from Europe, Italian Industrial Production was released at 0.3% when expected at 0.2%.

Fact of the day

In Australia, a man escaped prison so many times that a special maximum security prison was built for him. After it, the Governor made a promise to him “If you get out again, I’ll forgive you”. And of course he escaped again, and the Governor kept his word and set him free.

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Eurogroup Meetings & U.S FOMC Meeting Minutes


Good morning,

GBP/EUR literally never moved at all yesterday, the pairs trading range was 1.1120-1.1150. The afternoon session saw the pair sit at 1.1145-1.1155 hence the reason why this morning GBP/EUR report is short. We hope for more movement today as the Eurogroup Meetings take place, The Eurogroup coordinates economic policies of the 19 euro area member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health there will have some sort of knock on effect with EUR.

GBP/USD suffered a loss in yesterdays trading session, the pair started the day at the high which was 1.2303 and it was roughly 7:30am when cable began its decline. The price had slipped 0.75% to 1.2210 before breaking 1.2200 and hitting the low of 1.2189, GBP/USD tried to push back through 1.2200 but was unable to do so, we open this morning at 1.2226 with high impact U.S data due to be released this afternoon.

EUR/USD has been stuck in the 1.0900 region since falling into it at the beginning of the week, the story was the same yesterday as the pair sat between 1.0941-1.0995. EUR/USD hit the high of the day around 11am however once the afternoon turned the pair slipped to the low which was seen around 5pm. There has been a recovery from EUR/USD this morning as we open at 1.0985.

Fact of the day


As a sign of appreciation, 49 box cars were sent from France to the US in 1949. Each car of the "Merci Train" contained personal items. This was a “thank you” gesture from French people to Americans, for donating supplies and food after WW2. Each state got one car. Some states even kept them in a local museum.

Image result for As a sign of appreciation, 49 box cars were sent from France to the US in 1949. Each car of the Merci Train contained personal items. This was a thank you gesture from French people to Americans, for donating supplies and food after WW2. Each state got one car. Some states even kept them in a local museum.

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US Core PPI m/m & PPI m/m


Good morning,

GBP/EUR opened yesterday trading session at 1.1211 and the pair slowly made its way to the high of 1.1234 which was triggered at noon. There was no major movements in Mondays trading session due to lack of data and all eyes stay firm on breakthroughs with the Brexit deal, GBP/EUR dipped in the afternoon session to the of 1.1200 and the pair has dropped into the 1.1100 this morning.

GBP/USD kicked off the day at the low of 1.2285 and the pair made headway to 1.2333 which was the high of the day. The afternoon session saw cable decline as prices began moving down around 4:30pm, GBP/USD got close to the low of the day around 7pm last night and we open this morning at 1.2277.

EUR/USD attempted to break 1.10 again yesterday, the pair opened at 1.0962 and gradually moved up throughout the morning session, at 3pm we saw the high of 1.0998 however the pair could not force itself through the 1.10 mark. It was 4pm when the pair tried for a second time and failed which then resulted in a dip to 1.0970, we open this morning at 1.0980

Fact of the day


In 2014, Christians in South Korea put up a giant Christmas tree which was visible from the North Korean border. The North Koreans claimed it was a tool for psychological warfare and demanded it be taken down. The defense ministry claimed the tree was dismantled for safety concerns.

Image result for In 2014, Christians in South Korea put up a giant Christmas tree which was visible from the North Korean border. The North Koreans claimed it was a tool for psychological warfare and demanded it be taken down. The defense ministry claimed the tree was dismantled for safety concerns.

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US Fed Chair Powell Speaks


Good morning,

GBP/EUR took a slight tumble on Friday before managing to recover to the high of the day. The pair kicked off Friday's trading session at 1.1241 which was the high of day and between 1pm-4pm saw the dip in the market. GBP/EUR slipped from 1.1240-1.1180, it was however short lived as the pair made a recovery around 5pm pushing back through 1.1200 to close out at 1.1240. We open the weeks trading at 1.1218 with a light day of data ahead of us.

GBP/USD was in a 60 pip range on Friday as levels ranged between 1.2289-1.2349, the pair like GBP/EUR started the day at the high and it was the afternoon session which saw the decline in price. The U.S released Non-Farm Employment Change at 135K when expected at 146k, and a positive result from unemployment rate as the figure was released at 3.5% down from the forecast of 3.7%. Cable shifted to the low of 1.2289 before recovering back to 1.2340 were it closed out. We open this morning at 1.2303.

There was little to report for EUR/USD as the pairs trading range was between 1.0960-1.0985, we had little movement on Friday and this mornings price opens at 1.0970.

Fact of the day

When America’s first rocket scientist, Robert Goddard, theorized that rockets could reach the moon, the New York Times harshly critized him and wrote that he “lacked the knowledge ladled out daily in high schools.” 49 years later, Apollo 11 succeeded and the NYT published a retraction.

Image result for Robert Goddard

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CB Consumer Confidence


Good morning,

GBP/EUR traded between 1.1300-1.1345 in yesterdays trading session, the pair began the day at 1.1330 and slight movement around noon saw the high of the day. There was no major discussion points or swings in the market and the afternoon session saw the pair slow slip to the low of the day, we open this morning at 1.1314 with a light day of economic data releases ahead of us.

GBP/USD also trading in a tight range in Mondays trading session, cable sat between 1.2415-1.2445. The pair hit the high of the day around noon before slipping to the low at 3pm due the U/S releasing positive figures on Flash Manufacturing PMI. GBP/USD opens Tuesday's trading at 1.2425 with CB Consumer Confidence due to be released at 3pm this afternoon.

A dull day all around, EUR/USD trading was between 1.0970-1.0998. The pair opened the day around the low and it was 3pm when the price tried to break the 1.10 mark again but was usefulness in doing so, we saw no major movements from all 3 pairs yesterday and EUR/USD opens at 1.0990 this morning.

Fact of the day


Harvey Ball, the graphic designer who designed the yellow smiley face icon in 1963, was only paid $45 for his work. The Smiley Company, which licenses the image, made $419.9 million in 2017!

Related image

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