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Dollar gains on US economic optimism

The greenback rose to a one-week high against the euro on Friday as economic data pointed to solid economic growth, and reduced fears about an impending slowdown. U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates.

According to Trading Central (3rd party RIA) the GBPUSD could be heading DOWN to 1.2760 if it does not go ABOVE 1.3175

* Past performance is not a guarantee of future performance

Number of Lots:Required Margin:Risk Management (200%):Potential Profit/Loss 1.2760
1€ 3,901.83€ 7,803.66€ 1,983.08
5€ 19,509.15€ 39,018.30€ 9,915.40
10€ 39,018.30€ 78,036.60€ 19,830.80
25€ 97,545.75€ 195,091.50€ 49,577.00
50€ 195,091.50€ 390,183.00€ 99,154.00

Pound pressured by Brexit plans, oil bumps on Mid-East issues

GBP/USD is under pressure after the UK Chancellor of the Exchequer Sajid Javid said that the UK may stray away from EU rules after Brexit. Concerns about fraught EU-UK trade talks have been weighing on investors’ mood.

Oil prices have advanced with WTI nearing $60 once again. In Libya, warlord Khalifa Haftar has blocked oil exports from the part of the country he controls, knocking down 800,000 barrels out of global supply. Protests in Iraq have also limited output.

The US dollar is holding onto its gains against majors from late last week, as upbeat US retail sales and consumer confidence kept the greenback bid.

According to Trading Central (3rd party RIA) the EURGBP could be heading UP to 0.8834 if it does not go BELOW 0.8408

* Past performance is not a guarantee of future performance

Number of Lots:Required Margin:Risk Management (200%):Potential Profit/Loss 0.8834
1€ 3,333.33€ 6,666.67€ 3,367.87
5€ 16,666.67€ 33,333.33€ 16,839.36
10€ 33,333.33€ 66,666.67€ 33,678.72
25€ 83,333.33€ 166,666.67€ 84,196.80
50€ 166,666.67€ 333,333.33€ 168,393.60

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