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Despite the fact that the UK GDP increased by 0.5 percent in May (compared to estimates of 0.0 percent), and industrial production increased by 1.4 percent in June, the GBP/USD remains under pressure (estimates - 0.3 percent ). Hawkish UK data Today's hawkish data from the UK economy has been particularly interesting. Given the expectations, …

We want to look to go short the Dow Jones Industrial Average in this week's trade, with a stop and reversal order at 31,510 and a downside target of 30,400. We also consider the long GBP/JPY trade from the previous week. Last week's trade: long GBP/JPY Thank you for visiting this week's Trade of the …

#EUR/USD and #GBP/USD are expected to continue their downward trend, while USD/JPY is indicating an impending bullish breakout. EUR/USD has taken a beating recently, with the dollar benefiting from risk-off sentiment and expectations of a sharp rise in US interest rates. The recent drop through $103.4 resulted in the lowest reading since 2002. Unfortunately for …