UK Bank To Announce Losses

Good morning Dynamic Traders.

The better than expected NFP sent the Dollar higher against some majors on Friday.

The Strerling has dived against the Dollar at the open of the European session this morning based on rumours that a major bank is due to announce a big loss here in the UK. The Dollar is fairly steady at this point against the other currencies. At the time of this update the Cable is at session lows.

The daily Euro Swissy is in a triangle formation below. There is a set up here that is likely to make some good profits.


Advanced Get chart. Data from ESignal. Read more...

Look out for US ISM and the Fed's rate decision tomorrow and on Thursday's the BoE rate decision. These will be market movers and volatility will be high.

Send This Analysis To a Friend

Click Here For FREE FXCPS Update Notifications!




Today's pivots are courtesy of Ash Shah.

Good trading.

Forex Analyst
Javid Shaik