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.
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 ...
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 ...
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.
British Pound Outshining Euro in Forex Trading
February 22, 2011 9:00 am by Greg HoldenA slew of recent analyses have shown mixed results for the EUR over the past several days, brought on by speculation surrounding Mid-East unrest; but how has the EUR compared with its British counterpart?
GBP Likely to Extend Bullish Run Today
February 18, 2011 7:00 am by Dan EduardEuropean currencies continued their bullish run during the overnight session, as markets are still being influenced by yesterday's disappointing US Unemployment Claims figure. Analysts are predicting that this trend will continue today, as news from the UK and US get ...
Weekly Outlook Feb. 14-18
February 14, 2011 3:58 pm by Dan EduardWhile this week got off to a slow start, the next four days promise to be significantly more exciting as a number of economic indicators are likely to inject volatility in the marketplace. Here is a roundup of the ...
GBP/JPY Testing Significant Resistance Level at 134.25
February 14, 2011 7:30 am by Greg HoldenThe British pound is once more pushing towards its significant resistance level against the Japanese yen at 134.25. The pair has tested this price barrier twice before over the previous five months, failing to breach both times.
GBP/CHF Revealing Impending Weakness for Pound?
February 8, 2011 7:41 am by Greg HoldenThe British pound has been reaching significant resistance lines against a number of its primary currency rivals. A chance exists that the pound could see some downward retracement over the next several days as investors test the strength of these ...
