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

GBP/USD Trading - UK unemployment rate - 14 Sep 2016

You are here

GBP/USD Trading - UK unemployment rate - 14 Sep 2016
5/5 of 2 ratings

The UK weak data pressured the cable.

The Core CPI remained unchanged at 1.3% y/y against the expectations of 1.4% y/y. The CPI also remained unchanged at 0.6% y/y vs. 0.7% y/y. The RPI decreased from 1.9% y/y to 1.8% y/y.

Today the UK is to publish the labor data.

The expectations are generally neutral. The number of employed could increase by 1.8K. The unemployment rate is expected unchanged at 4.9%. The average earning index with bonus is expected to decline from 2.4% to 2.1%.

The United States will present data on the prices of exports and imports in August, 0.1% and -0.1%, respectively. The data on crude oil inventories may be more significant - the forecast 3.8 million barrels, with new information about the growth of proposal it would have the pressure on the oil price and the currency.

How to trade binary

The short-term upward movement is possible in the range of 1.3252 - 1.3294. We would buy Call options if the pair GBP/USD rises above 1.3252. We would buy Put options if the pair falls below 1.3158.

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