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 ...
GBP/NZD-Technical Update
March 3, 2011 5:22 pm by Anton EljwizatThis pair’s sustained upward movement has finally pushed its price into the over-bought territory on the 8-hour chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic pointing to an imminent downward ...
British Housing and Inflation Data Driving Today’s Market
March 1, 2011 6:00 am by Greg HoldenThe theme in the past week continued to be a weaker dollar. Not all currencies enjoyed this equally – the Aussie and the euro are the big winners, while the British pound and the Canadian dollar are enjoying modest gains. ...
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 ...
