GBP/USD Bounces Off Support Line on Meeting Minutes

The meeting minutes from the last meeting of the BoE showed that there’s still one member voting for a rate hike. This helped GBP/USD bounce off the support line, after it got very close to it. Update on the Pound. Andrew Sentance continues to vote for a rate hike. He’s still the only member out [...]

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.

Pound Jumps on Jobs – Breaks Major Resistance

The number of unemployed Brits fell dramatically – this unexpected improvement sent the Pound higher, sent the Pound above a major resistance line. Will this hold? A big test for GBP/USD – it could mark a long term turnaround. Claimant Count Change is the earliest and most important employment indicator in Britain. It reflects the [...]

Forex Daily Outlook – January 20th 2010

Another busy day is awaiting us: American Building Permits and British employment numbers are the highlights. Let’s see what’s up for today. Note the journey down of EUR/GBP, which moves by strong British figures and weak European ones. Arabic version of this post

British Pound Forecast – December 7-11

Looking for the latest outlook, for the current week? Check out the section: GBP/USD Forecast The Pound suffered from week data and the American NFP. The upcoming week is very busy for the Pound, with a rate decision in the limelight. Here’s an outlook for the 10 events that await the Pound, and an updated [...]

Forex Daily Outlook – December 2nd 2009

After a busy day that included unexpected events, today is more calm. ADP Non-Farm Payrolls stand out. Will the dollar continue the decline? Let’s see what’s up for today: In Britain, MPC member Spencer Dale will make a public appearance, and might hint something about next week’s rate decision. Later, Construction PMI is expected to [...]

Forex Daily Outlook – December 1st 2009

Forex markets are still digesting the Dubai crisis as lots of indicators pour in. A big day awaits forex traders: a rate decision in Australia, GDP in Switzerland and Pending Home Sales are only a small portion of the events today. Let’s see what’s on the crowded calendar: Australian Building Approvals start the day with [...]

GBP/USD Forecast – November 30 – December 4

Looking for the latest outlook, for the current week? Check out the section: GBP/USD Forecast A roller coaster week, with a 470 pips trading range ended with the Pound remaining almost unchanged. Purchasing managers’ indices and housing figures are due this week. Will the Pound decide where it’s going? Here’s a weekly outlook for 10 [...]

British Pound Outlook – November 16-20

Looking for the latest outlook, for the current week? Check out the section: GBP/USD Forecast After a roller coaster week, lots of figures await traders of the British Pound: retail sales, consumer price index and the MPC meeting minutes stand out. Here’s an outlook for a busy week of events for the Pound, and an [...]

Forex Daily Outlook – October 8th 2009

Rate decisions are due in Britain and in Europe. There are lots of other events in this very busy day. Will the dollar continue falling? Let’s see what’s up for today. Take a deep breath. Australia’s employment figures were also an excellent positive surprise, and sent AUD/USD above the resistance line of 0.8950. The number [...]

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