empty
 
 
16.11.2017 03:00 PM
Global macro overview for 16/11/2017

Mark Carney, Governor of Bank of England, reiterated the need for a transitional process in leaving the European Union. Applying the above solution will minimize the occurrence of shocks not only in the island economy but also in the euro area. Carney declares that the BoE can use a broad range of instruments if necessary and admits that BoE will support economy whatever the Brexit deal outcome.

There are just three rounds of negotiations before December's EU summit, where EU leaders will have to decide (again) if sufficient progress has been made. Except for the recent "dovish hike" by Bank of England and self-evident Brexit uncertainty. the negotiations might have an impact on the British Pound exchange rate as well as the recent internal development on the UK political scene. Moreover, recent scandals are threatening PM May's thin majority and are likely to leave the Tory party (and May's leadership) weakened.

Let's now take a look at the GBP/JPY technical picture at the H4 time frame. The market remains locked inside of a horizontal zone between the levels of 148.01 - 150.32. The momentum in either direction is low as the indicator oscillates around its fifty level. The market participants are waiting for the breakout in this pair.

This image is no longer relevant

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback