Traders are abandoning the Great British Pound

Traders are abandoning the Great British Pound

By: Oliver Miller | Where To Trade | On:Thursday, 12 December 2017
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Where to Trade- EURUSD- French Industrial Production beats forecasts and the Euro-dollar pair is steady despite strong data from France.

Traders are abandoning the GBP. Euro, Franc capitalise as Pound struggles amid hard Brexit fears.

Analysts at Natixis go long USDCAD. Buy USDCAD on any pullback towards 1.308-Natixis.

The crude oil expects a bullish trend today, with trading range between 0.7300 support and 0.7500.

The AUDUSD pair is expecting a bullish trend today with 0.7300 support and 0.7500. The pair previously closed at 0.7441.

The EURUSD pair is expected a bullish trend today, with 1.0519 support and 1.0731 resistance. The pair had a previous closing at 1.0583.

The USDCAD pair expects a bearish trend today, with a trading range of 1.3100 support and 1.3270 resistance. The USDCAD pair closed at 1.0583 in previous trading session.

Video Summary:

  • Europe: French Industrial Production beats forecasts 
  • United Kingdom: Euro, Franc capitalise as Pound struggles amid hard Brexit fears
  • Canada: Analysts at Natixis go long USDCAD
Oliver Miller

Oliver Miller

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