{"id":166932,"date":"2020-03-20T12:30:03","date_gmt":"2020-03-20T16:30:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166932"},"modified":"2020-03-20T09:14:27","modified_gmt":"2020-03-20T13:14:27","slug":"gb100-analysis-weak-uk-data-bearish-for-gb100","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/gb100-analysis-weak-uk-data-bearish-for-gb100\/","title":{"rendered":"GB100 Analysis: Weak UK data bearish for GB100"},"content":{"rendered":"
March 20, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Weak UK data bearish for GB100<\/strong><\/p>\n

British economic data didn\u2019t improve following Bank of England decision to cut rates half a percentage points to 0.25% at its March 11 meeting. Manufacturing production decline deepened to 3.6% over year in January from 2.5% in the previous month. Balance of trade surplus declined to 4.2 billion Pounds from 6.3 billion. And labor market report showed unemployment ticked up in January to 3.9% from 3.8%. To combat coronavirus impact on economy UK government announced \u00a3330 billion financial aid program ($398 billion) of government-backed loans and guarantees. Deteriorating economic data are bearish for GB100.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nSell<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nBelow 4832.87<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nAbove 5844.09<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Weak UK data bearish for GB100 British economic data didn\u2019t improve following Bank of England decision to cut rates half a percentage points to 0.25% at its March 11 meeting. Manufacturing production decline deepened to 3.6% over year in January from 2.5% in the previous month. Balance of trade surplus declined to 4.2 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-166932","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=166932"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166932\/revisions"}],"predecessor-version":[{"id":166986,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166932\/revisions\/166986"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}