Weekly Currency Review: Pound Sterling Still Up
Avoid No-Deal Brexit Rises Pound Sterling
The Pound Sterling rises over the past 2 weeks. The hope to avoid the no-deal Brexit is keeping the investors not to sell. The confirmation of the deal may enhance the Sterling situation, otherwise the economy can be significantly effected in the short and long term.
I Know First successfully predicted all the pairs in two different timeframes. For 7 days: GBP/JPY – +1.23%, GBP/CHF – +0.94%, GBP/USD – +0.92%; for 14 days GBP/JPY – +1.33%, GBP/CHF – +1.59%, GBP/USD – +1.63%.
(Source: finance.yahoo.com)
(Source: finance.yahoo.com)
(Source: finance.yahoo.com)
The Turkish Economy Needs Help
Turkey’s inflation rate at 20.35% in January is far from the goal of 15.9% for this year. According to Turkish government, their economy is solid and in a stabilizing period without needs of external support.
The Turkish lira went up 2.25% in 2 weeks. The market is oscillating a lot due to the stabilizing period.
I Know First successfully predicted USD/TRY price for 7 days with -2.09% and 14 days with -2.25%.
(Source: finance.yahoo.com)
Good Performance for South African Rand
The rand has been the strongest currency against the dollar over the past years and has been the biggest beneficiary of Federal Reserve Chairman Jerome Powell’s gift to emerging markets.
The South African currency has strengthened 3.83% against the dollar over the last 2 weeks, spurred by a more dovish Federal Reserve.
I Know First successfully predicted USD/ZAR price in two timeframes. For 7 days with -4.62% and 14 days with -3.83%.
(Source: finance.yahoo.com)
Last I Know First Currency Forecasts With a 69% Hit Ratio
On the charts below, you can see last I Know First Forecasts for the past 14 days and 7 days. It included long and short recommendations. I Know First released two forecasts with an average 69.24% hit ratio.
How to interpret this diagram
Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to the current I Know First subscribers.
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Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster.
Please note-for trading decisions use the most recent forecast.
