Hello all . I am pleased to be a member of this group. My name is Paul from FX Arena. The FX Arena is both innovative and completely unique in the world of forex. It features a user-friendly interface that makes it easy to get started and take part.
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Thank you babypips. Happy to be here.
GBPUSD: under pressure against the background of a strengthening dollar
Sell on a level breakthrough of 1.5035 with 1.4894 target. Stop loss = 1.5085.
Reason for the trading strategy
The expected growth of the US dollar and a slight increase in inflationary pressures in the UK are both putting pressure on the pound. In November, the UK consumer price index rose from -0.1% to 0.1% in annual terms, while it grew from 0.2% to 0.5% in the US. At the time of growth of the UK key interest rate, the US Federal Reserve may raise it by 100 bps relative to the current value
Hi Paul, welcome to our forex community! Looking forward to seeing you help the newbies out and share your market thoughts. See you around!
Yes. Sure buddy. I will be doing always.