EUR and GBP Volatile Before Rate Statements
November 5, 2009 12:32 pm by Greg HoldenFollowing yesterday's statements from the Federal Reserve, many of our traders seem to now be anticipating a sell-off of Euros and Pounds prior to the central bank statements from both governments later today. These interest rate statements are not expected ...
GBP Shows Signs of Bullish Correction
August 11, 2009 3:31 pm by Dan Eduard· The technical indictors used are the Slow Stochastic, Relative Strength Index (RSI) and Williams Percent Range. · Point 1: The Williams Percent Range signals that the ...
GBP/AUD Looks to Reverse Course
July 22, 2009 4:38 pm by Yan Petters• The chart below is the GBP/AUD 4-hour chart by ForexYard. • The technical indicators used are the Bollinger Bands, the Slow Stochastic, MACD and the Relative Strength Index (RSI). • After a steep depreciation, of almost 1,000 pips! It seems that the chart might ...
Will GBP’s Rally Continue throughout the Week?
July 20, 2009 11:12 pm by Natalie R.The Pound advanced to the highest level since June 30th on Monday, pushed by bullish equity markets and a report which stated that U.K home prices rose 0.6% this month. As the financial sector represents a big portion of the ...
GBP/CAD Provides Bullish Signals
July 13, 2009 7:25 pm by Yan Petters• The chart below is the GBP/CAD 4-hour chart from ForexYard. • The technical indicators used are the Bollinger Bands, the Slow Stochastic and the Relative Strength Index (RSI). The Fibonacci Retracement Lines were used as well. • A doji candlestick, located at the 38.2% ...
British Claimant Count Change – April 2009
April 22, 2009 4:33 pm by Natalie R.The number of British workers seeking jobless benefits rose at a historic pace last month, government statisticians said Wednesday, adding to fears of a deep, prolonged recession. Analysts expected official data to show today that the number of people claiming ...
Bank of England Slashes Britain’s Interest Rate to 1%
February 5, 2009 6:18 pm by Dan EduardThe Bank of England (BoE) cut Britain's Interest Rate by 50 basis points to 1%, matching ForexYard's prediction in the article Lowering British Interest Rates: What to Expect.
European Markets Forecast – Week of 2 February 2009
February 2, 2009 12:37 am by Russell GlaserEUR: This past week, the EUR experienced continued weakness against the Dollar as the pair finished down 1.2% to close at 1.2811. For the 5th consecutive week the EUR/USD fell, this time on positive economic developments from the U.S. The passage ...
Britain’s Economy to Slump by a Staggering 2.8% in 2009
January 29, 2009 2:53 pm by Dan EduardAccording to the International Monetary Fund (IMF), Britain's economy is set to slump by a massive 2.8% this year. The global economic watchdog was extremely concerned, as this forecast indicates that Britain's economy will decline twice as fast as previously ...
