Sterling and Spot Silver Make Gains
May 25, 2011 1:16 pm by Russell GlaserA drop off in risk overnight fueled by rumors of a crack election in Greece faded as the day went on but the euro continues to trade lower. Sterling was bid this morning as was spot silver with markets awaiting ...
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 ...
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 ...
EUR/GBP Uptrend Stalling
April 28, 2011 10:34 am by Russell GlaserYesterday’s UK Q1 GDP release helped to put the Bank of England hawks back in charge in the debate over monetary policy. This should support sterling in the near term as traders continue to favor currencies with rising rates. As ...
S&P Spooks Market with Downgrade of US Outlook
April 19, 2011 2:35 pm by Greg HoldenStandard and Poor’s (S&P) rating agency downgraded its US long-term outlook from stable to negative today, citing indecisiveness among US policymakers as the main reason. The agency commented on how the downgrade was necessary considering that over two years have ...
Sterling Rises on Hawkish Comments
April 15, 2011 12:17 pm by Russell GlaserThe pound was bid this morning versus the euro and the dollar following hawkish comments from Bank of England Monetary Policy Committee member Andrew Sentance.
Shifting Risk Sentiment Creates Volatile Trading Conditions
March 16, 2011 6:58 am by Anton EljwizatFollowing yesterday’s heavy news day, currency values appear to be experiencing wide swings in value. The US went bullish versus most of its currency rivals, while the euro experienced mixed results. As this week reaches its mid-point, the rest of ...
GBP/CHF Bouncing Off 1.5000 Support Line
March 8, 2011 7:30 am by Greg HoldenThe GBP/CHF has recently found solid support at the 1.5000 price level. Technical indicators, and the pair’s general trend, now seem to suggest a steady upward movement is expected.
EUR/GBP Set for Bearish Correction
March 4, 2011 8:06 am by Anton EljwizatThe volatile of the EUR/GBP pair continues to be affected by the volatile forex market. The last two days has seen a lot of bullish strength in the EUR/GBP pair. However, as I demonstrated below, it seems that the pair’s ...
