For Traders

Analytical Reviews

27.11.201511:00 Forex Analysis & Reviews: Global macro overview for 27/11/2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Global macro overview for 27/11/2015:

The release of the UK GDP in the third quarter first reading is scheduled for 10:30 am GMT today. Economists expect the indicator to remain unchanged at 0.5% (2.3% y/y). Due to the slow economic growth in the eurozone, which is one of the UK strategic trading partner, the economy might face a strong headwinds. Maybe this is why recent remarks from Marc Carney were so different compared to the earlier statements regarding the rate hike at the turn of the year. Moreover, the euro is depressed as the ECB is ready to ease its monetary policy further at the December meeting. This explains why the Bank of England is in no rush to raise interest rates anymore.

The GBP/USD pair is trading just above the important technical support at the level of 1.5053. Any breakout lower will directly expose the next support at the level of 1.5026 to test.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.