GBP
Market Extra: British pound drops; losses limited, analysts say
…down from $1.5791 in late North American dealings Tuesday. The euro (ICAPC:EURGBP) jumped 0.8% to 84.53 pence. The shared currency hasn’t closed above 84 pence since mid-December.
Yen Continues to Extend Declines; Sterling Pressured by Dovish Minutes
By Joel Kruger, Technical Strategist for DailyFX.com Greece agreement out of the way but saga still ongoing UK Telegraph highlights some of the risks ahead Yen emerging as the major story amidst Eurozone mess USD/JPY breaks back above 80.00 for first time in 6 months Daily RSI at highest level in over 10 years BOE [...]
EUR/GBP Pushes Above Key Resistance of 0.84 and Opens 0.85
For the EUR/GBP, the 0.84 handle represents a key resistance for price action since mid Dec 2011. The 2/22 European market pushed the pair above this resistance, making new 2012 highs and breaking out of a consolidation pattern. The 4H chart shows the strength of the breakout candle and the momentum turning bullish in the short to medium term…
GBP/USD Falls Back to Consolidation and Tests 1.57, Projected to 1.5590
After a counter-trend breakout signaling possible bullish continuation, the GBP/USD failed to reach the Feb. high near 1.5925. Instead, it topped off at 1.5878, and slid sharply in the 2/22 European session start. In the 4H chart, you can see this slide breaking below 61.8% retracement and pivot of 1.5733.
Great British Pound (GBP) Technical Major Currencies (2012-02-22)
Cable has moved violently downwards showing the following negative technical factors that argue us to suggest more bearishness over intraday basis: Achieving a daily closing below the clue level at 1.5785. Forming a long black candlestick pattern. Stocha
GBP/CHF Trading at Rising Trendline
The GBP/CHF has been trading sideways since finding resistance at 1.48. The trend prior to consolidation has been bullish from 1.1460 to 1.48. Part of the reason for this jump was the SNB stepping in to intervene, pressuring the CHF.
Man United’s reserves fall by 100 million GBP while investment struggles to deliver on pitch
…took in stadium improvements and a bond repurchase program, the Old Trafford bank balance dropped from 150.6 million pounds to 50.9 million pounds ($238 million to $80 million) to Dec. 31, the club’s quarterly accounts revealed on Tuesday. Despite net spending…
US Dollar, Yen Recovery Expected as Global Slowdown Fears Return – February 21, 2012
By Ilya Spivak, Currency Strategist for DailyFX.com Major Currencies vs. US Dollar (% change) February 13, 2012 – February 17, 2012 Talking Points Euro Selling Likely as Focus Turns to Recession Fears After Greek Accord Japanese Yen May Strengthen Anew as Risk Aversion Makes a Comeback British Pound Looks to BOE Minutes to Gauge Support [...]
Man United’s cash reserves fall by 100 million GBP
…Post to my facebook too LONDON – Manchester United’s cash reserves fell by nearly 100 million pounds ($158 million) in six months partially to finance an investment in the squad that is failing to maintain the English champions’ dominance on the pitch….
Forex – GBP/USD steady after Greece bailout agreed
…be required in the future. The pound was also lower against the euro, with EUR/GBP rising 0.25% to hit 0.8374. Later in the day, the U.K. was to publish official data on public sector borrowing
GBP/USD Performance Chart as at 12:00p.m. Singapore time, 21/2/2012
With US markets closed overnight for Presidents’ Day, the pound traded in a relatively tight range as investors eagerly awaited news from EU finance ministers who were meeting to ratify the terms and conditions of Greece’s second bailout package. These n
GBP/USD Forecast February 21, 2012, Technical Analysis
The GBP/USD pair had an initial gap on the open Monday, but has pulled back a bit after the fact. The 1.58 – 1.59 area has been very resistive, and as a result this pair struggled to hold onto gains during the session. The would have originally received
Great British Pound (GBP) Technical Major Currencies (2012-02-21)
Morning Report The trading range for today is among key support at 1.5680 and key resistance at 1.6075. The general trend over short term basis is to the downside, targeting 1.4225 as far as areas of 1.6875 areas remain intact.
GBP/USD Classical Technical Report 02.21
…The market is back to challenging the 200-Day SMA which managed to successfully cap gains on previous attempts. At this point, we continue to recommend fading any strength towards or just over the 200-Day SMA in anticipation for yet another topside failure…
GBP/USD: Bull-run Resuming
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Forex – GBP/USD holds gains but upside limited
…closed for the Presidents Day holiday. The pound was lower against the euro, with EUR/GBP advancing 0.75% to hit 0.8363. Also Monday, a report by U.K.
Global Equity Monitor: Techno-Fundamental Research & Analysis
By Joel Kruger, Technical Strategist For DailyFX US equities remain well supported on dips but daily studies stretched UK equities going nowhere right now; looking for range break German equities eye 7,000 but rallies there could offer compelling counter-trend opportunity Japanese equities highly overbought and rolling over towards 200-Day SMA Australian equities bounce but [...]
Great British Pound (GBP) Technical Major Currencies (2012-02-20)
Weekly Report 20/02 -24/02/ 2012 Our previous hinted Elliott count over four-hour interval hasn’t been damaged yet-check the previous report- but approaching the key resistance level between 1.5890 and 1.5925 along with the positivity on Stochastic force
British Pound Vulnerable to Debt Crisis, Dilution After More QE
…is nothing to shake a stick at. Still, keeping the bigger picture in mind, the British Pound has severely underperformed the commodity currency complex, falling by 5.30 percent, 3.00 percent, and 0.64 percent against the New Zealand, Australian, and Canadian…
Forex – GBP/USD weekly outlook: February 20 – 24
Forexpros â The pound ended the week close to a one-week high against the U.S. dollar on Friday, boosted by an unexpected increase in U.K. retail sales, but gains were capped amid uncertainty over a second bailout deal for Greece. GBP/USD hit 1.5862 on F
