Wednesday March 8, 2017 - 11:21:47 GMT
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Amazing Trader Early GBPUSD Ideas for 8 March 2017 Register for the Amazing Trader
The focus today is on the U.K. budget due at 12:30 GMT. This is a little bit of inside baseball, but U.K. markets are likely to respond. Forex traders are not profound thinkers and will likely react to headlines just like the algos do.
This matters because GBPUSD buying or selling often generates offset EURUSD demand via those who trade the EURGBP cross. The GBPUSD is weak, its HOD has been 1.2215 and the LOD 1.2146. The EURGBP cross is higher. Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
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