Sterling Weakness Prevails Before Jobs Report
June 3, 2011 12:29 pm by Russell GlaserLeading up to this afternoon’s US jobs report the British pound has slipped versus the dollar and the euro with the EUR/GBP recovering to levels prior to the renewal of the European debt crisis two weeks ago.
Major Currencies Stable as Markets Await Further Developments.
May 16, 2011 12:42 pm by Russell GlaserThe euro came off its overnight lows but failed to move above a previous resistance/support level. Traders this afternoon will be looking for a spark in US manufacturing data after a quiet European trading session has kept the majors in ...
FX Technical Analysis – GBP/USD – Two Merging Trend Lines
May 16, 2011 9:42 am by Russell GlaserThe decline in the GBP/USD is approaching a level where two trend lines merge and could provide a technical level for a bounce higher.
Dollar Correction Continues to Build Strength with Declines in Silver
May 12, 2011 1:48 pm by Russell GlaserThe rally in the dollar continues to build on last week’s gains as silver prices have fallen below last week’s low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen ...
Pound Soars After BOE Signals Potential Rate Increase
May 11, 2011 12:47 pm by Russell GlaserSterling was up across the board after the Bank of England increased its inflation forecasts and signaled it will begin tightening monetary policy vis-à-vis higher interest rates. This should keep Sterling as a bid in the near term versus both ...
FX Technical Analysis – GBP/USD
May 3, 2011 3:45 pm by Russell GlaserFollowing today’s release of disappointing UK Manufacturing PMI data, Sterling sold off sharply. Traders should be looking for a technical retracement to reenter at better levels.
Another Blow to British Manufacturing; GBP at Risk of Downturn
May 3, 2011 2:43 pm by Greg HoldenToday’s figures out of the United Kingdom have put the pound sterling’s (GBP) latest uptick at risk of getting pared as investors anticipate a slow-down in British manufacturing. Today’s manufacturing PMI data disappointed traders with a reading well below expectations. ...
Euro Showing Signs of Weakness, Pound Tumbles
May 3, 2011 1:34 pm by Russell GlaserThe failure of the EUR/USD to advance above the 1.4900 level is beginning to slow momentum traders and profit taking in the pair has ensued. Versus the pound the euro is higher after weaker than expected UK manufacturing data. The ...
Sterling Trading Higher After GDP Data as All Eyes Turn To Bernanke
April 27, 2011 2:39 pm by Russell GlaserThe pound is the best performer on the day after the Q1 GDP data while the yen is down. All this leads up to the US interest rate announcement and the inaugural Fed press conference with Chairman Ben Bernanke to ...
