Fawad Razaqzada provides retail and professional traders succinct fundamental and technical analysis on his own website at TradingCandles.com. He is an experienced analyst and economist working for leading global FX brokers, most recently at FOREX.com and City Index. A graduate of Brunel University with a degree in economics, Mr. Razaqzada offers premium trade signals to subscribers, and trading education to help shorten the learning curves of developing traders. He covers a wide range of markets, including forex, commodities, stock indices, and cryptocurrencies. Mr. Razaqzada is an expert at reading price action, which together with his deep understanding of economics and market fundamental allows him to provide a unique style of financial market analysis. His market comments are regularly quoted by the leading financial publications such as Reuters and Market Watch.
Earlier, the Bank of England announced interest rates would be kept unchanged in a surprise move (not to us) and the pound took another plunge, dropping below 1.2250 in an initial reaction, states Fawad Razaqzada of Trading Candles.
The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions, states Fawad Razaqzada of Trading Candles.
Before yesterday’s ECB meeting, there was a bit of uncertainty about whether the ECB would hike or not, with markets pricing in a 65% implied probability of a 25-bps hike, states Fawad Razaqzada of Trading Candles.
The economic calendar is full of key data from the US this week, which should make for a volatile week for all the major pairs, states Fawad Razaqzada of Trading Candles.