Results for 'GBPUSD'
66 articles with this tag name
Updated Apr 29, 2013 5:00:00 AM
After missing the fun and games in the market at the end of last week, I was out on Friday, I have come back to the FX world today and three things stand out: 1, the dollar is weak across the board, the dollar index fell below the 50-day moving average (on the close) at 82.40 on Friday after the Q1 GDP miss. 2, GBPUSD carried on its revival at the end of last week
[...] Continue Reading ...
Updated May 14, 2013 5:30:00 AM
After a stunning end to last week and a major breakout in USDJPY, the dollar’s performance in the last 24 hours has been lacklustre at best. The dollar index has run into key resistance at 83.50 – the high from late March, opening the way for a decline back to 82.70 – the top of the daily cloud and an important support zone. So is this the end of the dollar rally, or just
[...] Continue Reading ...
Updated Jan 4, 2013 5:00:00 PM
In the first trading day of 2013 GBP/USD broke above its highs from the previous year near 1.6310, however shortly after reaching 1.6350/55 (1:1 equidistant measured move whereby wave-5 is the same length as wave-1) Sterling began to unravel. The fact that it closed all the way back at the original opening level on Wednesday, combined with a daily RSI bearish divergence, suggested a potential market reversal could be underway – Highlighted on Twitter
[...] Continue Reading ...
Updated Apr 19, 2013 5:15:00 PM
GBPUSD has been in correction mode for nearly a month, as we highlighted in update II (see below), however it did squeeze a bit higher than initially envisioned around 1.5235/70. That being said, once this zone was broken we re-evaluated our levels and noted the 38.2% retracement (of the 2013 decline) around 1.5415/25 in our Live Trading Sessions– As this is usually the retracement level technicians will target for a corrective move higher or
[...] Continue Reading ...
Updated Feb 20, 2013 6:35:00 PM
FX MAJORS: COMMODITIES & EQUITIES: 1 Reference is for informational purposes only and is not offered to US clients Follow us on Twitter for more TECHNICAL UPDATES throughout the day!
[...] Continue Reading ...
Updated Apr 3, 2013 7:30:00 PM
With several key events happening over the next 48-hours: Interest rate announcements out of the BOJ, BOE & ECB as well as the U.S. employment report, we felt it was pertinent to highlight some of the technical levels in many of the FX majors and other asset classes as these events could create an extreme amount of volatility depending upon their outcomes. FX MAJORS: COMMODITIES, EQUITIES & TREASURIES: 1 Reference is for informational purposes only
[...] Continue Reading ...
Updated Dec 11, 2012 7:20:00 PM
With the U.S. FOMC interest rate announcement due out within 24-hours, we felt it was pertinent to highlight many of the key technical levels in various markets as there could be an extreme amount of volatility depending upon their decision. FX MAJORS: EMERGING FX: COMMODITIES: EQUITIES & YIELDS: 1 Reference is for informational purposes only and is not offered to US clients Follow us on Twitter for more TECHNICAL UPDATES throughout the day!
[...] Continue Reading ...
Updated May 21, 2013 7:00:00 AM
The pound has come under pressure after the weaker than expected inflation reading for April earlier this morning. Headline CPI fell to 2.4% (expectations were for a decline to 2.6%, from 2.8% in March). This is the lowest level since September 2012. But it was the sharp decline in core prices that was the most noteworthy part of the report. Core prices (which don’t include energy and food) fell to 2%, the lowest level since
[...] Continue Reading ...
Updated Dec 6, 2012 4:00:00 AM
The outcome of the last ECB meeting of the year will be known on Thursday 6th December at 1245 GMT/ 0745 ET. The market expects no change in interest rates and no new policy measures to be announced. ECB President Draghi will deliver his monthly press conference after the rate decision at 1330GMT/ 0830 ET. The Bank is likely to remain in wait-and-see mode and we expect Draghi to reiterate that the ECB is
[...] Continue Reading ...
Updated Apr 4, 2012 6:00:00 AM
ECB preview The next ECB meeting will take place on Wednesday 4 April 2012. Interest rates will be announced at 1245BST/ 0745ET, which will be followed by a press conference at 1330BST/ 0830 ET held by ECB President Mario Draghi. This meeting is taking place one day earlier than normal because of the Easter holiday. We agree with consensus in anticipating that rates will remain unchanged at a historically low 1%. Since rates are
[...] Continue Reading ...
<< Previous 1 2 3 4 5 Next >>
