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GBP/USD Signal - President Trump - 27 Sep 2016

Signal details
Entry Price: 
1.3000
Close Price: 
1.3014
Direction: 
High
Expiry Time: 
20:00
Result: 
ITM
How we trade
5/5 of 2 ratings

While the GBP/USD has been volatile in the aftermath of the presidential debate between Hillary Clinton and Donald Trump last night, the markets are starting to price in some chance of a win for Donald Trump, who is a USD negative for now. Despite the better than expected data from the US earlier this morning, traders are betting on a dollar decline.

We have seen the GBP/USD pair testing the 1.3000 area a couple of times, with the highest print being 1.3008, during the European morning session. After the British pound has declined and reversed lower below 1.2940, we are in the 1.3000 area once more. The current price is a good call buying opportunity in our view, so we are buying daily calls for tonight's expiry at 20:00 GMT

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.