GBP against AUD, CAD and NZD in a few coming days. Follow the Brexit issues.

Once we have continuously picked up Trend and Momentum analysis from the list of FX. (You will find all of them on our website or Android app)
Those were just the examples which are expected to help users to understand how to see the Trend and Momentum indicators. Since our last update was long while ago, it seems be harder to find our articles in old days. It's probably reasonable to update some examples in the latest market now.

According to the update on the beginning of 22-Feb (UTC), the analysis result had indicated downward trend in GBPAUD, GBPCAD and GBPNZD. Those have downed by approx 0.40%, 0.60% and 0.55% respectively. While the momentary backlash would be likely, the Trend and Momentum still shows further room to downward.

[GBPAUD Trend and Momentum on 22-Feb-2019 UTC]

Last closed at 1.831.
Analyzed bottom by 1.80 (-1.69%).







[GBPCAD Trend and Momentum on 22-Feb-2019 UTC]

Last closed at 1.714.
Analyzed bottom by 1.70 (-0.82%).







[GBPNZD Trend and Momentum on 22-Feb-2019 UTC]

Last closed at 1.90.
Analyzed bottom by 1.88 (-1.05%).







It's just a reminder that GBP would be sensitive to Brexit issues including some speculations. A new Brexit deal is expected to be reached by 26-Feb next week. Otherwise, Theresa May would return to House of Common for further discussion with MPs.

[BBC] Brexit: What happens now?
If the EU were to agree to changes and MPs backed the adjusted deal, that would be a great result for Theresa May.

But senior EU politicians have said they will not reopen the legal text of the withdrawal agreement that they negotiated with the UK.

If MPs aren't satisfied with any adjusted deal put before them they could reject it again. Theresa May has also promised that even if she can't get the changes she's after, she would return to the House of Commons yet again on 27 February and allow MPs a further day of debate.


To check Forex trading signals, download Forex Signal by QROSS X.

British Pound remarkably low against major currencies 25-Feb-2016

Since the beginning of this month, GBP has sharply gone against major currencies such as USD, JPY, AUD or NZD though GBP peaked out in last Autumn of 2015.

Compared with the level at the end of 2015, GBPJPY got the sharpest decline more than 12.0% down, GBPUSD is following down at 6.0%, and even against AUD and NZD, GBP has gone down 5.0% and 3.6% respectively.

Due to the rate cut of AUD and NZD for a last few years, GBP and other currencies have been relatively stringer against AUD and NZD whose interest rates are more stable now than before.
However, even though their rates had been cut, the policy rate in

Australia is still 2.0% and it is 2.5% in New Zealand while the rate in England is only 0.50%. Also looking at the credit rating of sovereign debts of them, S&P rated AAA (stable) for Australia, AA (stable) for New Zealand and AAA (negative) for United Kingdom. Simply thinking, Australia has better credit rating and more interest rate, which of Australian or English debt do you want to invest?

We cannot miss out that global stock markets have been downward and volatile since the beginning of the year. The market shows

some symptoms of financial crisis, particularly strength of JPY and weakness of GBP. Remember Lehman crisis 2008, JPY had been the strongest currency in the market.
What happened in crisis probably happens now again, it is still a question from the view of investment because Japan has S&P rating only A+ (stable) and negative interest rate at -0.1%. Do you want to invest?

2015 was geopolitically unstable year, and 2016 will be economically and (geo)politically unstable due to the volatile market, US president election, Brexit, Spanish goverment, ...


Keep yourself to follow the global economy more efficiently, why not use Newsensus. Available on Google Play.

GBPAUD trend & momentum 18-Oct-2015

GBPAUD had been downward trend since beginning of Oct, and it has bounced back to half of the early decline. GBPAUD is currently at around 2.12.

The trend and momentum indicates GBPAUD can go up to around 2.15 as peak in a coming week. The signal also indicates the upward trend could end shortly, and it is reversed into downward trend again in a week.

Under the recent geopolitical risk, UK and Australia are relatively stable situation at the moment. Eurozone, particularly Germany, is struggling on unexpected crisis, such as increasing refugees and Volkswagen scandals.

To check more signals in other Forex pairs, download Forex Signal by QROSS X.

GBPAUD trend & momentum 25-Sep-2015

GBPAUD has stayed above 2.10 for a long time while it was 1.40 - 1.50 in 2012.

The trend and momentum indicates GBPAUD is expected downward trend for a coming week.  Since Australian prime minister has changed, Australian policy has to be observed how it affects to the financial market.

[GBP] Monetary Policy Committee Announcement and Minutes by Bank of England 6-Aug-2015

>> Earlier tweet by QROSS X

Today's noon in UK time, Bank of England will have Monetary Policy Committee Announcement and Minutes.

Although the interest rate is expected at 0.50% unchanged, expectation of future interest rate is another key factor at the minutes as votes for rate rising can be more than last committee.

By the way, the trend and momentum in GBPAUD indicates it continues upward trend in a coming week.


To trade with FX trend & momentum, download "Forex Signal by QROSS X" at Google Play.

GBPAUD Trend & momentum, RBA announcement 4-Aug-2015

GBPAUD has massively gone down while AUD became bullish against other currencies, as RBA announced holding the interest rate at 2.0% as well as removal of the sentence demanding cheaper AUD.

The Australian >> Reserve Bank holds official cash rate steady at 2 per cent

It implies AUD will be stronger in longer term as the policy changed.
By the way, the trend & momentum in GBPAUD indicates further downward trend in coming days.

RBA rate decision early in the morning UK time 7-Jul-2015

[AUD] Rate decision will be taken by Reserve Bank of Australia, early in the morning UK time. Although the rate is at the record low 2.0%, unexpected cut might be occurred while Chinese stock market is volatile. Australian economy has highly relied on Chinese economy, but since Chinese demand for natural resources, such as iron ore, got slow down, monetary policy has been eased by cutting the interest rate.

Ref. [Brisbane times] need2know: RBA in focus
Macquarie Wealth Management says that with the RBA cutting rates into USD weakness, policy is yet to deliver any meaningful AUD depreciation, with 2Q15 AUDUSD remaining about 9 per cent above our forecasts. "We now expect a stronger AUD for the remainder of 2015."
One-month implied volatility, a measure of anticipated price swings in the euro-US dollar exchange rate, rose to as much as 13.61 per cent on Monday, compared with an average of 11.78 per cent this year.

AUD has been weaken at market opening after Greek referendum was decisively resulted "No". GBPAUD is now as same as the level of 2009. If unexpected rate cut happened, AUD will be weaken further against other currencies and eventually inflation risk would be concerned.


Check international business news on Newsensus. Available on GooglePlay

AUDUSD Trend & Momentum 14-Nov-2014

AUD has been stronger than major currencies, USD, EUR, GBP or JPY for last one week. NZD has been stronger as well as AUD.

The trend & momentum in AUDUSD shows that it will be turned into downward trend in a coming week. Unless particular news or surprise are coming up early next week, AUDUSD and cross-AUD FX can be adjusted, following to the indicators.

However, GBP, EUR and JPY would be still weaker than other major currencies due to their monetary policies. It means that the strength of trend reversal in GBPAUD, EURAUD and AUDJPY will be limited, comparing with AUDUSD.


Tweet

For more currency pairs, Forex trend & momentum signals available on Google play.

Australian Dollar cash rate at 2.50% more than 12 months

RBA still hold cash rate at 2.50% record low for more than 1 year after the cash rate had gone down in large scale from 2012 to 2013.

Some of the analysts start expecting the cash rate hikes early next year. Once market consensus focus on the increasing rate, cross-AUD pairs will have more clear direction and AUD will be stronger against several currencies.

Source: http://www.news.com.au/finance/money/rba-keeps-interest-rates-on-hold-in-september/story-e6frfmci-1227045102271

GBPAUD Trend & Momentum 19-Aug-2014

GBPAUD has been declined over the last week, and now it is at around 1.786 less than 1.800.

 The trend & momentum indicate GBPAUD could be reversed to go up in this week while the shorter term momentum shows downward signal at the moment.

GBPAUD had marked above 1.800 most of time for last months, and there seems be pressure pushing back to the level.

On the other hand, there is downward risk in long term scaled such as yearly basis. This issue has been posted here.


Tweet

For more currency pairs, the trend & momentum indicators available on Google play.