Tuesday saw the English pound lose value against the shared currency of the European Union amid growing concerns about the health of the English economy, Bloomberg reports The monetary unit dropped against 13 of its top 16 rival currencies after a report indicated consumer-price inflation hovered higher than the target established by the Bank of… Read more.
Wednesday saw the English pound lose value after minutes from the central bank policy meeting earlier this month indicated support for increased asset purchases, Bloomberg reports. Three members of the Monetary Policy Committee voted this past February 7 to expand asset purchases by 25 million pounds to 400 billion pounds. But those votes, which included… Read more.
The Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.
Natural gas is a fossil fuel that is colorless, shapeless, and odorless in its pure form. It is a mixture of hydrocarbon gases formed primarily of methane, but it can also include ethane, propane, butane, and pentane. Natural gas is combustible, clean burning, and gives off a great deal of energy.
The British Pound (or pound sterling) is the world’s oldest currency still in use dating back to Anglo-Saxon England in the middle 8th century. It’s the official currency of the United Kingdom, its Crown Dependencies, and the British Overseas Territories.
Over the last century, traders and technicians have studied the markets looking for patterns that will help them better forecast the market’s next move. Over time, traders have found chart patterns and formations that have proven to be relevant across a variety of markets. Trading neophytes are now able to rely on this research to… Read more.
This post is part of Craig Turner’s Innovative Trading Concepts series and originally appeared in FutureSources Fast Break Newsletter, where Craig Turner is a regular contributor on various futures trading topics. Many investors and traders have too much exposure to the US Dollar. Owning stocks, bonds, real estate and commodities priced in USD creates massive… Read more.
Created in 1973 after the disbanding of the Bretton Woods system, the US Dollar Index is comprised of the exchange rates of the EuroFX, Canadian Dollar, British Pound, Japanese Yen, Swedish Krona and Swiss Franc. Its highs have taken us to around 160 and the lows about 70. During these times of record high unemployment,… Read more.