BOE will take decisions on monetary policy options if and when needed
- Guidance remains that BOE won’t even begin to think of withdrawing support until there are clear signs of sustainable recovery and inflation
The headline is more to the fact that they are not shutting the door to negative rates at this point in time but make no mistake, QE remains their most preferred option at the moment unless economic conditions worsen considerably.
Analyzing the current trading chart of Gold, I found thatGold reached my second downside target at $1,803 but there is still potential for more downside towards $1,765.
Support levels: $1,784 and $1,765.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.