Forex Market Outlook 2/19/2019

British Sterling Pounds

GBPUSD has performed a minor correction gaining 0.6% in the last session the RSI currently dwells in the positive area.

Alibaba’s stock has fallen in the last two sessions losing 1.3%  in the last session stochastic enters the negative area.

Gold has gained 1.2% in the last two sessions the RSI settles in the positive area.

Crude oil has gained 4.4% in three sessions up 2.4% in the last session stochastic currently dwells in the overbought zone.


US Redbook index will be released at 13:55 GMT

Australian RBA meetings minutes at 0:30 GMT

Swiss trade balance at 7:00 GMT

UK ILO unemployment rate at 8:30 GMT

Germany’s Zew survey at 10:00 GMT

Japanese exports at 23:50 GMT


Sterling remains stable with less than two weeks until Theresa May presents her Brexit deal to parliament again.

The Euro continues to slide alongside deteriorating inflation expectations which hit their lowest level in over two years.

Apple sharply increased its testing of self-driving cars in 2018 logging tens of thousands of miles.