Instant account opening
Site map
Български Čeština English Français Deutsch Italiano Polski Português Română Русский Slovenský Español Nederlands

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Registration is not available for non-EU residents. Please, proceed to the website of the other member of the InstaForex group.
toolbar icon

Trading Platform

For mobile devices

For trading via browser

04.02.2019: Pound falls against US dollar (EUR/USD, GBP/USD)

loader
5 views
At the start of the new trading week the US dollar attempted to recoup some of its losses and succeeded as traders did not want to buy EUR/USD. However, this pair continued trading near the recent highs.
The chart slid by almost 60 pips but remained above the level of 1.1440. The Fed’s plans to adopt the mild monetary policy approach provide support to the single European currency. This factor limits a further rise in the American currency. Furthermore, ECB official Ewald Nowotny soothed worries of market participants, saying that the EU economic growth is likely to pick up steam in the nearest future, so no recession is expected.
But the actual macroeconomic data proves the opposite. Today market participants absorbed the PPI report which showed that producer prices grew at a slower pace of 3% versus the previous 4% on a yearly basis. In monthly terms the prices declined by 0.8%. In addition, Sentix reported about deterioration of the investor sentiment. In February this index fell lower than expected. This news came amid ECB official’s comments about bright future for the economy.
Besides, the Brexit issue still poses risks. The divorce procedure seems to have no end, while Theresa May came up with yet another scenario of leaving the union. It is questionable whether she will be able to get approval from the EU policymakers and the Parliament. Thus, uncertainty regarding this issue persists.
As a result, the British national currency retreated from the recent highs and plunged below the level of 1.3060 against the US dollar.
Remarkably, the construction PMI report, which has minor impact on the market sentiment, also showed negative dynamics. The index fell to 50.6 points, hitting the 10-month low. Tomorrow the pound sterling will have a chance to recover if the services PMI report, the key gauge of economic health, encourages traders.
Today the European assets are unlikely to change the current position. There is no important news on tap that could shift the market sentiment. However, at the pre-market of the American session the US dollar has a chance to gain ground.

https://www.instaforex.eu

FX Analytics - https://www.instaforex.eu/forex_analytics
Forex Calendar - https://www.instaforex.eu/forex_calendar
Forex TV from InstaForex - https://www.instaforex.eu/instaforex_tv

Forex charts - https://www.instaforex.eu/charts
Instant account opening - https://www.instaforex.eu/fast_open_live_account
Forex Trading Contests - https://www.instaforex.eu/forex_contests

List of official InstaForex blogs:
https://www.facebook.com/instaforex
https://www.instagram.com/instaforex/
https://twitter.com/InstaForex

#forex_news #european_session #instaforex_tv
← back to video list

Market TV Review

Market TV Review

Geography with InstaForex

Geography with InstaForex

InstaForex TV Events

InstaForex TV Events

InstaForex TV Calendar

InstaForex TV Calendar

You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD