GBPUSD ANALYSIS
The British Pound Sterling against the United States Dollar (£/$) –Nickname Cable
|
CENTRAL BANK |
BoE |
FED |
|
FOREIGN CURRENCY RESERVES |
10.135 Million USD |
41.901 Million USD |
◙ GBPUSD Preface:
GBPUSD is one of the three most liquid pairs worldwide along with EURUSD and USDJPY. Historically, GBPUSD shows a positive correlation with EURUSD and a negative correlation with USDCHF.
Note: The Bank of England (BoE) holds only 10.135 million USD in Foreign Currency Reserves but the UK Central Government holds 72.092 million USD in Foreign Currency Reserves.
◙ GBPUSD Monthly Statistics:
These are the monthly average returns of GBPUSD based on 15 years of daily data.
|
CALENDAR MONTH |
AVERAGE MONTHLY RETURNS |
TIMES (↑) |
TIMES (↓) |
AVERAGE DAILY VOLATILITY |
|
JANUARY |
-0.09% |
6 |
8 |
0.824% |
|
FEBRUARY |
-0.87% |
7 |
8 |
0.770% |
|
MARCH |
-0.26% |
8 |
7 |
0.748% |
|
APRIL |
1.43% |
13 |
2 |
0.684% |
|
MAY |
-0.56% |
4 |
11 |
0.737% |
|
JUNE |
0.94% |
10 |
5 |
0.767% |
|
JULY |
0.32% |
7 |
8 |
0.695% |
|
AUGUST |
-0.95% |
5 |
10 |
0.688% |
|
SEPTEMBER |
0.48% |
9 |
6 |
0.761% |
|
OCTOBER |
-0.13% |
8 |
7 |
0.804% |
|
NOVEMBER |
-0.47% |
5 |
10 |
0.801% |
|
DECEMBER |
0.36% |
6 |
9 |
0.748% |
◙ Best Months to Trade the GBPUSD:
(↑)-LONG TRADES
According to data during 2000-2014, the best months to go long on GBPUSD are:
→ APRIL, with positive average returns of +1.43%
→ JUNE, with positive average returns +0.94%
→ SEPTEMBER, with positive average returns of +0.48%
(↓)-SHORT TRADES
According to 2000-2014 data the best months to go short on GBPUSD are:
→ AUGUST, with negative average returns -0.97%
→ FEBRUARY, with negative average returns -0.87%
→ MAY, with negative average returns -0.56%
◙ GBPUSD Monthly Statistics Chart:
This is the GBPUSD Monthly Performance Chart.
Chart: GBPUSD Average Returns (%) per Calendar Month
◙ Most Volatile Days of the Week to Trade the GBPUSD
These are the most volatile days to trade GBPUSD based on the average pip range of each day of the week.
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
150 pips |
170 pips |
150 pips |
170 pips |
180 pips |
◙ Best Intraday Times to Trade the GBPUSD:
The best time to trade GBPUSD based on average historical volatility occurs between 08.00 GMT and 15.00 GMT.
◙ Forex Brokers and GBPUSD Trading
These are some GBPUSD Forex Brokers.
|
FOREX BROKER |
GBPUSD SPREADS |
PLATFORMS |
ACCOUNT |
INFORMATION |
|
REGULATED BY:
US TRADERS: NO |
GBPUSD SPREADS: 0.23 pip on Raw Spread Account & $7 per lot commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 □ cTrader SCALPING: YES
|
$200 Minimum Account for all trading platforms FUNDING METHODS
|
Wide Asset Index and Fast Order Execution WEBSITE: |
|
» FXDD REGULATED:
US TRADERS: NO |
GBPUSD SPREADS: 0.7 pip on ECN Account & $7 per lot trade commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 SCALPING: YES FREE VPS: NO PAMM ACCOUNT: YES |
$100 Minimum Deposit Amount FUNDING METHODS
|
WEBSITE: |
PAIRS: » EURUSD | » USDJPY | » USDCAD | » EURGBP | » EURJPY | » AUDUSD | » NZDUSD
◙ GBPUSD ANALYSIS
CarryTrader.com
