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May 11, 2017

FXPRIMUS, Super Thursday! GBPUSD at a critical junction ahead today's News and Events!

Focus on GBPUSD today! Follow the News with FXPrimus!

This article is originally referred from FXPrimus News.

Today’s Important Indicators

GBPUSD is sitting at a critical junction ahead of the news today.

It is Super Thursday for the pound; the UK will release the Manufacturing Production, Inflation report and monetary policy summary.

Moreover, there will be an in interest rate decision for the pound.

Today’s Forecast for Important Trading Indicators

 Time in GMT Country Indicator Expected Previous
11:00 am UK BOE Inflation Report
11:00 am UK MPC Official Bank rate votes 1-0-8 1-0-8
11:00 am UK Monetary Pplicy Summary
11:00 am UK Official Bank rate 0.25% 0.25%
12:30 pm US PPI m/m 0.2% -0.1%
12:30 pm UK Unemployment Claims 245k 238k

Market Movers

  • EURUSD dropped to 1.0860 and is currently trading there on the back of Draghi’s speech.
  • USDJPY continued to rally reaching as high as 114.35 but failed to break that level a few times.
  • The Asian indexes closed all in green except for Shanghai which was down by 0.42%.
GBPUSD Technical Chart

FXPRIMUS Official Website

Original Source: FXPrimus News

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