GBP/USD: Trading the British Manufacturing Production

British Manufacturing Production, a key indicator, provides analysts and traders with a snapshot of the health of the UK manufacturing sector. A reading which is higher than the market forecast is bullish for the pound. Indicator Background British Manufacturing Production indicator measures the changes in output produced by manufacturers and in the turning of inventory. …

EUR/USD: heading towards the base of its range

EUR/USD Current price: 1.1179 View Live Chart for the EUR/USD The EUR/USD pair advanced up to 1.1288 during the European opening, but gave up over 100 pips afterwards, with no certain catalyst behind the move, but a steady advance in worldwide stocks. Investors continued trading in the light of the latest US NFP report, as …

EUR/USD: key levels held, upside limited below 1.1335

EUR/USD Current price: 1.1210 View Live Chart for the EUR/USD The dollar sold-off last Friday following the release of the US September employment figures, showing that the country added just 142,000 new jobs in the month, the worse so far this year, whilst wages saw no change during the same period, as average hourly earnings …