Post Tagged with: "GBP/USD"
British Inflation Sliding Towards Target
British consumer prices are still above target. CPI dropped from 3.2% to 3.1%, exactly as expected. Other inflation related figures were softer than predicted, and the immediate reaction of the Pound was a small drop. Core CPI unexpectedly dropped from 3.1% to 2.6%, showing that the higher inflation isn’t really strong. Also the RPI (Retail
Fundamental Overview – Market Movers Last Week – 8/16/2010
Guest post by ForexTraders.com The U.S. Dollar’s fortunes reversed considerably last week, as the Greenback rallied on increased risk aversion after China showed disappointing import figures. Also helping the Dollar’s fortunes was the FOMC’s indication that the Fed would be buying long term Treasuries with repayments from agency debt and mortgage backed securities. The Greenback gained
Pound Gets Bad News – Loses Support
With disappointing employment figures and a lower growth forecast, GBP/USD loses another support line. Risk aversive trading adds to the move. Update on the Pound. Claimant Count Change, the first and most important employment figure in Britain showed a drop of only 3800 unemployed people in July, much less than 17,00 that was expected. This
Fundamental Overview – Market Movers Last Week – 8/09/2010
Guest post by ForexTraders.com The U.S. Dollar continued showing signs of weakness last week on the back of an overall disappointing set of economic numbers from the jobs sector in the United States. The Greenback fell significantly against all the major currencies except for the Canadian Dollar, against which it only fell by 0.1%
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?
Fundamental Overview – Market Movers Last Week – 8/02/2010
Guest post by ForexTraders.com The U.S. Dollar began showing definite signs of weakening last week — despite some positive economic numbers from the U.S. housing sector — as it fell against all the major currencies except for the New Zealand Dollar, which declined by 0.2%. Dollar Drops Against All Majors Except the Kiwi The biggest drop
Will Bernanke Devaluate the Dollar Again?
As the US economy shows signs of slowdown, the Federal Reserve might intervene to boost the economy by buying assets – spilling dollars. This prediction, by the Japanese Nomura bank goes hand in hand with a very sharp drop in the dollar across the board. Is the dollar going for an accelerated collapse like in March 2009?
How to Make Profitable Entries in Your Forex Trading
Guest post by Kris Matthews tradeforexfundamentally.com Have you ever put a trade on after seeing the market run nicely in one direction only to see the market immediately move in the opposite direction? Have you ever waited for a pair to come down to a specific price level that you were certain would hold, only
The Pound rises by orders from the King
Mervyn King finally changed his tone about inflation, and sent the British Pound above a critical resistance line. Update on the rising sterling
Fundamental Overview – Market Movers Last Week – 7/26/2010
Guest post by ForexTraders.com Last week saw the U.S. Dollar again trade softer against most of the other major currencies. Also, commodity prices mostly gained, with crude oil gaining 3.9% to close at $78.98 per barrel, with a predictably positive effect on the Australian and Canadian Dollars. Nevertheless, the price of gold closed virtually unchanged at