Post Tagged with: "British Pound"
Greek Default Could Trigger Euro Rally, US Recession Could Aid Dollar
A default in Greece could already be significantly priced in, and a US recession, which also looks imminent, could help the US dollar. Not necessarily what you were thinking? It’s the “buy the rumor, sell fact phenomenon. But there’s one currency and one event to which this phenomenon will not likely apply. In the interview
Impact of G7 yen intervention muted
Friday’s G7 words proving stronger than actions Oil volatility remaining high Pound feeling gloomy The dollar index falls to its lowest level since late 2009 Guest post by FxPro There was a muted feeling on Friday in the wake of the co-ordinated intervention to push the yen lower. Indeed, once the intial announcement and BOJ moves
GBP/USD Outlook – August 30 – September 3
The upcoming week is packed with events, with PMI figures in the limelight. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines marked. Click to enlarge: The Pound dived lower in the past week, but managed to recover, with a boost coming
Improved British Growth Doesn’t Cheer Pound
British growth for the second quarter was unexpectedly revised to 1.2%. These good news lifted GBP/USD lifted the Pound only for a short period of time. Worries about the future and the upcoming second release of GDP for the US loom. Update on cable. British GDP already posted a big surprise in the first release
GBP/USD Outlook – August 9-13
Employment data and King’s report about inflation are the limelight of this week’s events. Here’s an outlook for the events that will rock the Pound, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: The British Pound made another nice week of rises. Will this continue?
The Pound rises by orders from the King
Mervyn King finally changed his tone about inflation, and sent the British Pound above a critical resistance line. Update on the rising sterling
GBP/USD Outlook – July 26-30
A more quiet week in terms of indicators expects the Pound, but Mervyn King’s public appearance could rock the currency. Here’s an outlook for the 4 events that will move the currency, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines on it. Click to enlarge: A rate hike in
Britain’s Economy Jumps by 1.1% in Q2 – Pound Leaps
The British economy grew by 1.1% in the second quarter of 2010 according to the first release. This is a very impressive leap, much higher than 0.6% that was expected. GBP/USD reacts with a leap against the dollar, breaking the 1.5350 resistance line and continuing north. Update on the recovering Pound. Early expectations stood on
GBP/USD Outlook – July 19-23
The initial release of GDP, meeting minutes and retail sales are part of the events that will rock the Pound in a busy week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines marked. Click to enlarge: The Pound got out of
GBP/USD Outlook – July 12-16
A busy week expects cable traders: inflation, employment and Final GDP are part of the events that will shake the Pound this week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines. Click to enlarge: In the past week, the Pound traded