Spot Crude Oil Leaps above the $100 Barrier
February 24, 2011 12:33 pm by Russell GlaserIn early European trading the price of spot crude oil eclipsed the psychological barrier amid global supply concerns and continued violence in Libya.
Pound and Euro Gain on Increased Interest Rate Expectations
February 23, 2011 1:14 pm by Russell GlaserBoth the pound and the euro were trading higher in today’s morning trade after the release of the Bank of England Monetary Policy Committee meeting minutes showed additional support for a BOE interest rate hike. Market volatility was noticeably lower ...
Pound Defies Inflationary Pressures
February 17, 2011 4:01 pm by Russell GlaserDespite the knee jerk reaction by traders following yesterday’s Bank of England inflation report, UK interest rates are expected to rise, just not as fast as previously expected. If yesterday’s price action in the GBP/USD was any indication of what ...
Technical Tip – GBP/USD Consolidation Pattern – Bias to the Upside
February 9, 2011 2:09 pm by Russell GlaserSince making a double top last week, the GBP/USD has consolidated its gains and is encroaching on significant short term support prior to the BOE interest rate announcement tomorrow.
FX Weekly Preview
February 4, 2011 9:15 pm by Russell GlaserAn analysis of the major FX pairs for the coming week.
Technical Tip – GBP/USD Breakout
February 2, 2011 7:48 am by Russell GlaserThe GBP/USD appears set to end its 5-month period of sideways trading as the pair is currently testing the upper boundary of a consolidation pattern.
Weak GDP Sinks the Pound
January 25, 2011 1:35 pm by Russell GlaserA surprising 4Q GDP report from Britain showed the British economy actually contracted. In response the pound sold off sharply as traders adjust their expectations for Bank of England interest rate moves.
GBP/USD – Technical Signal
January 20, 2011 12:01 pm by Russell GlaserThe Cable has put in a solid performance this year, booking gains of 2.4%. The pair looks to continue its ascension towards the falling trend line off the August 2009 high.
GBP/USD Targets the 1.5640 Level
January 11, 2011 11:53 am by Yan PettersThe GBP/USD pair has been range-trading for the past week, staying within the 1.5400 and the 1.5640 levels. Currently, the pair seems to be on its way towards the upper boarder of the range. The next significant resistance level is ...
GBP/USD – Pressing Support Levels
January 10, 2011 10:47 am by Russell GlaserThe daily chart shows the GBP/USD has two key support levels to breach before a resumption of the long term downtrend.
