Post Tagged with: "cable"
GBP/USD Outlook – September 5-9
Continuing last week’s reversal the British pound fell further against the dollar this week. This week is very busy, with the rate decision in the limelight. Here is an outlook for this week’s events, and an updated technical analysis for GBP/USD. Sterling lost ground as the UK reported a lower August manfacturing PMI and a
GBP/USD Elliott Wave Update
Very nice, almost perfect advance since yesterday update at the end of the Wall Street session when a fourth wave triangle has completed. We know that triangle unfolds just prior to the FINAL wave of a the larger pattern, and as such, prices will likely slow down in sessions ahead, since our blue wave (v)
GBP/USD Loses Support On Multiple Worries
GBP/USD hit a 6 week low and lost support after a series of worries hit Britain and as the US dollar strengthens across the board. Cable already started the week with a Sunday gap, falling to 1.60, but later through the Asian session, it managed to recover and trade slightly higher. When European traders returned
British Employment Data Mixed – Pound Drifting Lower
The all-important Claimant Count Change indicator, showing the change in the number of people claiming for unemployment benefits, unexpectedly dropped by 10,200 people. These good news pushed GBP/USD slightly higher, but another employment number weighed in the other direction. The Claimant Count Change is for the month of February, which ended just now. This freshness
GBP/USD Outlook – September 6-10
The Pound showed weakness in the past week, and is now facing important tests. The upcoming week consists of a rate decision among other important releases. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD daily graph with support and resistance lines on it. Click to enlarge: When the
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
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?
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
British Rate Hike – Not So Soon – Pound falls
The MPC Meeting Minutes revealed that there’s still only one member, Andrew Sentance, who wants a rate hike. So, the rising inflation will continue to be disregarded. Without an upcoming rate hike, GBP/USD doesn’t have fuel to rise. This sends GBP/USD down from 1.5330 to 1.5260. Andrew Sentance surprised with his vote last time, and