The Traderszone Network

Published in TZ Latest News 20 February, 2016 by The TZ Newswire Staff

Currencies Are Ripe For Showing Trend Changes In Commodities

With the announcement of the UK / European Union deal late on Friday night, we have a good reason to look at the currencies compared to the US Dollar ($USD). 

A macro view of the British pound ($XBP) shown in the centre panel suggests a rising pound is generally bullish for both the $FTSE and the $SPX. Currently, the $XBP has bounced off support with a low of 141. The majority of the time shown, the pound has traded above 140 and below 170. We are at the low end of the range. 

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