Pound Unimpressed From Better GDP
British GDP was revised to the upside, and even better than expected. This hardly helps the Pound, that struggles under a strong resistance line.
According to the second release of British GDP (Gross Domestic Product), the economy grew by 0.3% in the fourth quarter of 2009. This is an upwards revision from the initial release that [...]
GBP/JPY in a Tight Spot
GBP/JPY made a big break downwards and is now hanging around a critical point. This volatile pair doesn’t stay too long in a narrow range. An update about the dragon.
GBP/JPY fell on Thursday from 144 to 139 in a matter of hours. Most currency pairs don’t see a 500 pip movement in a short period [...]
GBP/JPY – Popular with Action Loving Traders
GBP/JPY is the king of crosses. There are many reasons why it’s popular. Looking at the Geppy again, it looks like the popularity comes from specific traders,but they aren’t always on the winning side.
Looking over and over again at the social indicators at Currensee, I see the same picture over and over again: no matter [...]
Not the Pound’s Darling (2)
Alistair Darling’s pounded the Pound once again. The “supertax” on bank bonuses distracted the markets for a short time, until the pre-budget was fully digested. The gloomy picture drawn in the report sent the Pound down across the board, a day before the rate decision.
Pounded by Ongoing Recession
British GDP in the third quarter fell by 0.4%, surprising economists but not surprising those who checked the unofficial NIESR estimate, that proved correct. The ongoing recession sent the Pound free-falling from the resistance line. Where will the fall stop?
Consensus estimates regarding Britain’s third quarter GDP stood on 0.2%. Expectations were revised upwards during the [...]
Forex Daily Outlook – October 19th 2009
After some initial dollar strength in the Asian session, the dollar is falling again. A speech by Ben Bernanke is the highlight of today’s thin calendar. Let’s see what’s up for today.
EUR/USD is currently on the run to 1.50, despite a bad start in the Asian session. Indicators in Europe begin only tomorrow. For more, [...]
Dollar falling in the Hide of the Night
The US dollar finished the period of grace and returned to falling. The Aussie is at new highs, and the Pound is continuing its comeback. Who stays behind this time? The Yen – Dollar Yen correlation is back in town.
After quite a volatile day, the Asian session sees renewed dollar weakness. The strongest currency of [...]
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