GBPUSD to 13/12

Good evening Trades!

We hope you managed to get the both trade that we talked yesterday, one in GBPUSD and the other in the GOLD. The last one was must easier than the first one. We are following a reduction in the correlation coefficient between the EURUSD and GBPUSD, which we believe is being caused by the UK veto.

Most important events of the day, in our opinion:

-          The protests against the Putin party, in Russia, continues

-          According to a RBC research, the Emerging market debt are serving as “safe haven” due to high interest rates payment

-          Gold falls more than 2.5% - the movement that we were waiting, we hope you have caught it too

-          Oils falls more than 0.8%

-          Risk agency  reports that the euro agreement came too late

-          Risk agency threatens to cut the Spanish banks rating.

Our analysis is in the post above

Summary: We have two zones that we will be looking for sells. One is more aggressive than the other so we recommend to don’t let a winner trade become a bad trader. In the square zone we will be out of the market and if the price reach the upper zone we will be looking for purchase signals!

Indicators for tomorrow: Tomorrow we expect a very volatile day, because:

1-      In the morning we have the release of the England CPI and RPI

2-    After release of the indicators mentioned above, we have the German Zew economic sentiment  and the Zew economic sentiment for the euro zone

3-    And finally the BIG NUMBERS. USD core retails sales, retails sales, business inventories and the FED RATE and the FOMC statement

Please be careful because during the release of this indicators normally an extra volatility enters in the market.

Free and for all.

We wish you all good trades and many pips.

Skype: equipe.forex

Email: contato@equipeforex.com