GBP/USD Rose On The Forex Market To The Level Of 1.6364
Masterforex-V | Sep 24, 2014 02:24AM ET
Currency pair GBP/USD was up on the Forex market to the level of 1.6364 yesterday, in the absence of data on the UK. Cable has stabilized after a big rally and fall on Friday, as investors now do not know where to go after the British Scottish vote against independence. Political uncertainty remains. It may need more clarity from the Bank of England in relation to the timing of the first rate hike that will again increase in the British pound.
In the United States measure of the number of claims for unemployment benefits fell sharply, and the Fed hinted that a rate hike could take place much faster than expected. Both central banks are going to tighten policy, but what currency rate increases up to happen faster? To date, no publications of important macroeconomic data either in the UK or the United States of America. However, the UK is expected to release some news: the number of approved applications for mortgage loans in the UK, the net borrowing of the public sector, house price index from Nationwide, retail sales according to the Confederation of British Industry. But these indicators are strong impact on the market do not have.
Oscillator MACD of the currency pair GBP/USD on the hourly chart is in positive territory. Histogram bars grow, indicating that the growth rate of the currency pair pound Sterling - the American dollar on the market Forex. "On the 4 hour chart we see that the MACD is in positive territory, histogram bars are aligned, indicating that the uncertainty of the course of the currency pair pound Sterling - the American dollar on the market Forex", - according to experts of the Forex Broker Company TurboForex. Resistance level for the currency pair at the beginning of the week will be a maximum of 1.6523 on Friday, the level of support - 55 hour moving average EMA and 200 EMA and sloping channel originating at the level of 1.6050 and passing through at least September 16 1.6160.
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