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Intraday Strategies for Beginner Traders for the Pound on October 30
The pound rose yesterday even though
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The pound rose yesterday even though the U.S. GDP report looked impressive and, by ordinary logic, should have supported the dollar. The pair reached about 1.3405, then pulled back and now trades near 1.3382. The reason is that beneath the headline growth number, the market saw a weak spot — the U.S. consumer.GDP in Q3 grew 3.4% year-on-year versus a 3.2% forecast and 2.2% in Q2. But consumers were noticeably weaker than the economy. Real spending in September was almost
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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