Afternoon market update:
Summary of today's #currencycall with LCMS Traders GBP pairs in focus, GBPUSD if price moves below 1.3750, SL at 30 pips and TP of at least 30 pips TP2 at 50 pips if further weakness takes place on the GBP. EURGBP if price moves above 0.8585, 20 pip SL and a 20 pip TP with a 40 pip TP2.
Today's news for the UK is the Halifax House Price Index (YoY) 9.5% previously and the Labor Productivity (Q1) -0.7% previously. The main focus for the GBPUSD trade idea is the FOMC meeting minutes released at 02:00 GMT+8. Later this week on Friday at 14:00 with Monthly GDP 3M/3M Change 1.5% previously and at 18:00 BoE Gov Bailey Speaks with a neutral expectations from the markets.
Bonus Daniel Cheong scalping strategy at the end of the call and Hong-err Donknowleh getting several questions on the #FOMC meeting minutes from JinDao Tai plus the usual insights on the economic news to look out for.
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