GBPUSD: We’ve edged above the triangle consolidation top, are just above the old trend line..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

GBPUSD SHORT TERM TRADER: Tiny long at 1.3020; stop below 1.2950. Target 1.3300.

GBPUSD POSITION TAKER: Square.

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Australian trade surplus expands To a new record high

Data published this morning showed that in March, though exports remained unchanged on the month, imports fell by 1 per cent, taking the trade surplus to AU$4.801 million. This is welcome news against a backdrop of a housing slide, and added to today’s other positive fillip which was a rise in retail sales during February of 0.8 per cent, the biggest monthly gain since November 2017.

Yesterday, after weeks of demonstrations in the streets of Algeria, the army put pressure on President Abdelaziz Bouteflika by threatening to declare him unfit for office. The ailing head of state, who had won countless rounds of elections over the last 20 years, resigned with immediate effect rather than contest upcoming elections.

Financial Markets and Political Commentary
 

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