Post Tagged with: "GBP/USD Technical Analysis"
GBP/USD Outlook Feb. 6-10 2012
The British pound rally against the dollar slowed this week, with the pound gaining slightly against the greenback, closing the week at the 1.58 level. The upcoming week has seven releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The Purchasing Managers’ indices in the UK were generally better than expected in January, and an official
GBP/USD Outlook January 23-27
GBP/USD was up sharply this week, as the pound gained almost 250 pips, settling in the mid-1.55 range. The upcoming week has six releases including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. Unemployment in the UK remains high at 8.4%, making an economic recovery difficult. With a drop in
GBP/USD Outlook Jan. 16-20
GBP/USD was down this week, falling almost 200 pips, before recovering somewhat to end the week at the 1.53 level. The upcoming week is a busy one, with seven releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. British QE expansion is likely in February, and more and more QE means
Cable: Bearish Scenario For 2012 (Elliott Wave)
A decline from 2008 peak into 2009 low was in five waves, which in Elliott Wave theory indicates a direction of a larger trend. This is called an impulse wave, and once this leg is complete you will see a reversal in price, against the trend, normally into a slow, choppy and overlapping price action
GBP/USD Outlook Jan. 9-13
GBP/USD started the week with a move upwards, and closed in on the 1.57 level. It then fell sharply, breaking below the 1.54 level, before recovering slightly. The upcoming week is a busy one, with seven releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The pound continues to show weakness against
GBP/USD Outlook January 2-6
GBP/USD surpised the markets with some unexpected movement during the holiday week. The pair broke the 1.57 resistance line (discussed last week), then dipped sharply to 1.5361, before recovering to close the week at 1.5527. There are five releases in the upcoming week, as the markets are back in action. Here is an outlook for the upcoming events, and an updated
GBP/USD Outlook December 26-30
The British pound rebounded against the dollar, climbing close to the 1.58 level, but gave up those gains by week’s end. The upcoming week is very quiet, with only two releases, both of which are housing sector indicators. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The British government deficit hit 15.2 billion in November, which
GBP/USD Outlook December 19-23
The British pound lost ground against the surging US dollar, but managed to recover somewhat, losing about 100 pips over the course of the week. The upcoming week is quite busy with seven important indicators being released. Highlights include GDP and current account. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
GBP/USD Outlook December 12-16
The British pound showed some movement against the US dollar, but ended the week close to where it started. Highlights for the week include CPI and employment figures. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. Britain’s trade balance deficit fell to 7.6 billion pounds in October, which was significantly better than the 9.5
GBP/USD Outlook December 5-9
The British pound enjoyed the optimism that came from the coordinated central bank action. Will it break even higher? The upcoming week is very busy, with the rate decision being the highlight. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The housing sector is relatively stable: this was seen in