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Pound Sterling continue to fall against US dollar

fxbom.com
07:52 AM

Today (16/05, 03:01 GMT) Pound Sterling continue to fall against the U.S. dollar on the pair GBP / USD. Opened in early positioning 1.5985 in early trading (00:00 GMT) Sterling has fallen by around -16 pips or about -0.10%. Values ??seem to be rolling on the 1.5969.

Observed the Pound sterling negative move ahead of the announcement of the Office for National Statistics (UK statistics office) regarding the recent changes in the number of British residents who filed for unemployment benefits in April. Indicators of economic fundamentals Claimant Count Change is expected to rise 4.9Kfrom the previous period is 3.6K. Pound sterling negative move tracked 

Yen Rise Against Negative Sentiment With the Strengthening of Sterling; Production Sector Weakens

fxbom.com
07:52 PM

Japan Yen movements on the forex trading today observed indicates the movement strengthened against Sterling, and currency opened at 128.85 in early trading range then strengthened around – 2 pips or about-0.08% and the value is in the range of scrolling observed 128.83.

Japan Yen observed soaring profits with received negative investor sentiment against the pound sterling as a rival on the GBP/JPY, having just Office for National Statistics (United Kingdom) informed the public that occurred in a sector of production activity attenuation manufacturing.

Buy AUD/USD at 1.0100

fxbom.com
09:55 PM

Signal AUD/USD

  • BUY AUD/USD @ 1.0100
  • TP 1.0200
  • SL not set

Buy EUR/USD at 1.3000

fxbom.com
09:50 PM

Signal EUR/USD

  • BUY EUR/USD @ 1.3000
  • TP 1.3200
  • SL not set

Forex: A Beginner’s Guide

Anyone interested in financial trading, or is currently involved in it either as a business or for pleasure, has probably heard of the term Forex. While it is gaining in popularity in the world of financial trading, it is still something that not everyone is familiar with.

The Definition

Forex is a clever abbreviation for Foreign Exchange. In this type of market, various currencies are traded for another type of foreign currency. This is currently among the largest financial trading markets in the world thanks to the fact that anyone, including governments, retail traders, and the average person, can take part.

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