Forex Crunch » GBP/USD

British QE Raised to £325 as Expected – GBP/USD Jumps

Yohay — Thu, 09 Feb 2012 12:03:04 +0000

The British Monetary Policy Committee decided to expand the Asset Purchase Facility by an additional 50 billion pounds to £325, as widely expected.

GBP/USD is jumping after the release, as an expansion of 75 billion pounds was also on the cards.

Read the rest of the article British QE Raised to £325 as Expected – GBP/USD Jumps

British Manufacturing Production Jumps, Trade Balance Deficit Shrinks

Yohay — Thu, 09 Feb 2012 09:31:10 +0000

Manufacturing production in the UK dropped jumped by 1%. Early expectations stood on a rise of 0.3%. Trade balance was expected to remain almost unchanged, with the deficit moving down from 8.6 to 8.5 billion pounds. It squeezed to 7.1 billion.

These are good news. GBP/USD ticks up.

Read the rest of the article British Manufacturing Production Jumps, Trade Balance Deficit Shrinks

British Economy Doing Better Than Expected, But Pound Printing Still Coming

Yohay — Fri, 03 Feb 2012 10:30:34 +0000

Purchasing managers’ indices in the UK were generally better than expected and pointed to growth in January. The chances of an official recession are now lower.

Nevertheless, even if Britain escapes another quarter of contraction, the QE train seems unstoppable.

Read the rest of the article British Economy Doing Better Than Expected, But Pound Printing Still Coming

GBP/USD Outlook January 30 – February 3

kenny — Sun, 29 Jan 2012 15:39:53 +0000

The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will likely remain near zero until late 2014. This was despite solid economic data coming out of the US.

Read the rest of the article GBP/USD Outlook January 30 – February 3

British Economy Contracts by 0.2% in Q4 2011

Yohay — Wed, 25 Jan 2012 09:30:33 +0000

The first release of British Gross Domestic Product for the last quarter of 2011 showed that the economy contracted by 0.2%. Early expectations stood on a contraction of 0.1%.

GBP/USD is rising. It fell before the publication. It seems that rumors were out there and now the pound is “rising on the fact”. Data leaks aren’t that uncommon in Britain.

Read the rest of the article British Economy Contracts by 0.2% in Q4 2011

GBP/USD: Trading the British GDP

kenny — Mon, 23 Jan 2012 20:51:30 +0000

The Gross Domestic Product (GDP) indicator measures the production and growth of the economy. Analysts consider GDP one of the most important economic indicators, thus the publication of the British GDP can have an immediate effect on GBP/USD.

Here are all the details, and 5 possible outcomes for GBP/USD.

Read the rest of the article GBP/USD: Trading the British GDP

Another Round of British QE is Closer as Unemployment Rises, Inflation Drops

Yohay — Wed, 18 Jan 2012 11:22:11 +0000

The unemployment rate in the UK rose to 8.4% in November. This was a bit higher than the 8.3% estimated earlier, a number recorded also in October.

After a drop in inflation reported yesterday, the chances that the Bank of England will further expand its QE program in the upcoming meeting in February are on the rise.

Read the rest of the article Another Round of British QE is Closer as Unemployment Rises, Inflation Drops

British Services Sector Moves Up – Pound Unexcited

Yohay — Thu, 05 Jan 2012 09:31:29 +0000

British Services PMI exceeded expectations and rose to 54 points, indicating stronger growth. Will Britain escape a recession?

GBP/USD is still under the weight of European troubles and doesn’t really move up on this good figure.

Read the rest of the article British Services Sector Moves Up – Pound Unexcited

GBP/USD: Trading the British Construction PMI

kenny — Tue, 03 Jan 2012 08:05:11 +0000

The British Construction PMI Index, published in the first week of each month, is based on a survey of purchasing managers in the construction industry. Respondents are surveyed for their view of business conditions and sentiment on the economy.

Here are all the details, and 5 possible outcomes for GBP/USD.

Read the rest of the article GBP/USD: Trading the British Construction PMI

5 Most Predictable Currency Pairs – Q1 2012

Yohay — Thu, 29 Dec 2011 12:45:54 +0000

Not all forex pairs were born equal. Some will slow down and then bounce back when they approach a distinct line of resistance or support. If momentum is strong, they will break these lines in a convincing manner without looking back. These pairs, that have a better tendency to follow technical rules, are the more predictable ones. Not all currency pairs are the same.

The nature of currency pairs tends to shift over time. Some move up the list, while others lose their charm and move down and sometimes out of the list. This is due to many factors, that change. Here is a ranked list of the top 5, with characteristics of every one of them for Q1 2012. Let’s start.

Read the rest of the article 5 Most Predictable Currency Pairs – Q1 2012