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

08.02.2019: GBP maintains momentum and resists USD (EURUSD, GBPUSD, USDCHF)

loader
12 views
The euro continues declining today. Nothing can support the single European currency.
The euro-dollar pair is stuck near the level of 1.1340. Both political and macroeconomic factors put it under pressure.
News from Italy absorbed traders’ attention today. This country registered a fall in industrial production for the fourth month in a row. This result signals that the recession can persist.
At the same time, Germany’s trade balance report turned to be more positive, showing a surplus of 19 billion 400 million euros. However, the country’s economy and the region as a whole are weighed down by looming Brexit.
While this issue exerts bearish pressure on the single European currency, the British pounds sometimes even benefits from it. Reportedly, President of the European Commission Jean Claude Juncker plans to meet with British Prime Minister Theresa May in order to discuss resolution of Brexit problems. This news soothed investors’ worries. There emerged a slim ray of hope that the agreed plan on the UK’s exit from the European Union can be adjusted.
Amid that the pound sterling managed to hold steady against the US dollar, hovering near the level of 1.2960. Yesterday Mark Carney said that the Bank of England is ready to raise the interest rate but this move depends on the process of leaving the European Union.
Remarkably, political factors play a significant role in the market. Apart from Brexit, trade relations between the United States and China are also under the spotlight. Reportedly, Donald Trump refused to meet with Xi Jinping in February. Let us remind that the deadline for reaching the trade agreement is the 1st of March.
Dollar bulls left the market amid this news which had an impact on the European trades. In particular, the rally in USD/CHF came to a halt after the pair rose above the parity level. Today it is trading near 1.0020 mark. Macroeconomic news from Switzerland showed that the unemployment level remained unchanged on a seasonally adjusted basis. The non-adjusted indicator rose by 0.1% last month.
Analysts expect the European assets to end this trading week in the negative zone.

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

InstaForex TV Interview

InstaForex TV Interview

Market TV Review

Market TV Review

InstaForex TV Calendar

InstaForex TV Calendar

Geography with InstaForex

Geography with InstaForex

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