Post Tagged with: "British Pound"
The King Wants and Gets a Weak Pound
Mervyn King continues to dominate the Pound’s agenda, and not in a positive way. His big hints about more QE pound the pound as it makes another attempt to break the support line. The governor of the Bank of England, Mervyn King, hurt the Pound once again. In his appearance in parliament, the agenda was
GBP/USD Outlook – February 22-26
GBP/USD was significantly hit by Bernanke’s move and tested an important support line. The upcoming week has a revised version of GDP among other events. Did Britain really exit the recession? Here’s an outlook for this week in the Pound, and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines marked.
British Employment – A Bitter Disappointment for the Pound
The turnaround in the British job market is in doubt, similar to the economy’s growth. The number of unemployed Brits leaped, hurting the Pound’s cautious recovery. Let’s see the numbers: British Claimant Count Change, which is an early and important indicator of employment, showed a big rise in the number of unemployed people – 23,400.
GBP/USD – Trend lines on a Collision Course
The Pound is trading in a narrow range, and it’s getting narrower. The trend lines are about to collide – meaning that an explosion is underway. There are a few upcoming events that will determine the direction of explosion. GBP/USD is bound by two trend lines that aren’t parallel. Using the hourly chart, I’ve drawn
Forex Daily Outlook – February 15th 2010
The week starts with a strong note, with Japanese GDP. And there are a few more events to watch out for. Here’s the daily outlook. EUR/USD made a swing move downwards on Friday but closed above 1.3580. Where will it go this week? Check out my EUR/USD forecast for the events that will move the
GBP/USD Outlook – February 15-19
The upcoming week is very busy for cable traders. Inflation, employment and retail sales are among the many events. Here’s an outlook for this week’s data and an updated technical analysis for GBP/USD. GBP/USD graph with resistance and support lines marked. Click to enlarge: One of the things that hurt the Pound this week was
EUR/GBP – Reasons to Rise
EUR/GBP is enjoying new European hopes and disappointing British events. It’s now close to an important line and it erases the big move it made. Here’s a quick update. EUR/GBP now trades around 0.88, close to the 0.8840 resistance line. It already peaked twice at 0.8820. 0.8840 was broken a few weeks ago, and it
Forex Daily Outlook – February 10th 2010
We finally have a busy day today, with many important indicators, especially in Britain. GBP/USD and the Pound crosses will rock today. Let’s see what’s up for today: The upcoming resolution of the Greek crisis sure is helping the Euro by breaking technical levels. EUR/USD is above
GBP/USD Outlook – February 8-12
The Pound sure was a victim of the dollar’s storm, especially after the Non-Farm Payrolls. It’s at a nine-month low. The upcoming week consists of an important report by the BOE among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked
Forex Daily Outlook – February 4th 2010
Very busy day ahead: rate decisions in Britain and Europe are the highlights in a crowded calendar, one day before the Non-Farm Payrolls. Things are shaky in the forex market. The dollar weakened during the week but then erased the losses after the ADP Non-Farm Payrolls was good. The major pair, EUR/USD is currently holding