Trading Room

Weekly Forex Analysis Oct 3 – 7, 2022 – GBP Retracement and SP500 in Trouble

October 3, 2022 | 5:26 pm | The 5%ers' Blog > Trading Room
October 3, 2022 | 5:26 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis Oct 3 – 7, 2022 - GBP Retracement and SP500 in Trouble

The GBPUSD has marked a historical low

The trading rooms are the opportunity to trade together with our traders!

The rooms are available for our traders four times a week.

In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

 

In today’s trading room, we discussed the volatile movement of last week in the USD pairs and especially on the GBPUSD.

The GBPUSD has marked a historical low after the announcement of huge tax cuts funded. The GBP has been supported by the BOE and pushed the price 7% up already from its low.

The US markets are still very weak, and we can expect a new low after the continuation of the inflation and recession period.

Finally, Oil has bounced at the beginning of the week after OPEC cut supply, which led the CAD to appreciate.

 

👉 We will go LIVE again tomorrow @9:00 AM EDT on The5ers YouTube channel

 

 

 

👉 If you want to receive an invitation to our live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our Newsletter.

👉 Click here to check our funding programs.

👉 Don’t miss our Forex Trading Ideas

 

Follow us: 👉YouTube 👉 Linkedin 👉 Instagram  👉 Twitter  👉 TradingView 

Share:

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly