Sorry, you need to enable JavaScript to visit this website.

GBP/USD Trading - NFIB Small Business Optimism - 11 Oct 2016

You are here

GBP/USD Trading - NFIB Small Business Optimism - 11 Oct 2016
5/5 of 4 ratings

Monday was calm for the pair GBP/USD

The pair GBP/USD was traded in a narrow range of 1.2362 - 1.2441.

Today won’t bring us interesting macroeconomic data

However, it’s worth to pay attention to the NFIB Small Business Optimism, which is projected at 95.2 vs. 94.4 previously. We believe that the British pound can become the leader of the fall this week. The Cable is under pressure from the dollar and its own negative political factors.

How to trade binary

We would buy Put options from the current level of 1.2315.

Expiry time: 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.

You may also read