Forex news

The G8 summit is in progress and will continue until tomorrow. This could have a bearing on the USD. We could see movement on the major pairs as a result.

Thursday will provide us the Bank of England rate decision which is widely expected to be left unchanged. The released of this will have a bearing on the GBPUSD no doubt.


Chart courtesy of AdvancedGet. Data source eSignal.


The chart above shows a break of trend line on the 1 hour chart of the USDCHF. This is either a continuation after the flag or a fake breakout.

For those of you who followed the recent webinar, you will see the Euro Dollar do a nice easy move up for some very easy profits this morning. Not bad for less than 5 minutes analysis.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman