GBP
1992 British Pound Crisis
…Currency Crisis: Soros affected the European Currency Crisis by short selling the British pound. Due to pressure on Britain to devalue… History Of British Airways but talks broke down over the valuation of the two firms. Later in 1992, British Airways attempted…
Euro Price Action Confounds; All Signs Risk Negative But Market Supported
By Joel Kruger, Technical Strategist for DailyFX.com Euro very well supported above 1.3100 All signs point to more risk off trade but no real follow through yet USD/JPY back under pressure and contemplating test of 80.00 EUR/CHF still very interesting cross to watch despite lackluster price action Despite a slew of worrying fundamentals which have [...]
EUR/GBP Testing the 0.8141 Support Pivot
Forex Technical Update Previous: EUR/GBP Extending Decline to 0.8141 and 0.8066 (4/18) EUR/GBP The EUR/GBP has been trading lower with persistent short-term bearish momentum seen in the 4H chart. The RSI has remained below 60 and has tagged 30. All the moving averages line up to reflect a bearish mode. Price action has been showing an impulse wave development, and we may be closing in on a terminal wave
GBP/USD: Trading the British Public Sector Net Borrowing
…could break a second support level. For more about the pound, see the GBP/USD forecast. Forex Crunch is a blog all about the foreign exchange market. It includes and will include: tutorials, basics of the forex market, daily and weekly forex analysis, technical…
Great British Pound (GBP) Technical Major Currencies (2012-04-24)
Morning Report The pair has been trapped within a very tight range since the opening of the week; whilst Stochastic was taken deeper inside the overbought areas. Cable may feel in response to the sign on momentum indicator as the PRZ-potential reversal z
Euro Puts in Bullish Weekly Close to Open Fresh Upside Extension
By Joel Kruger, Technical Strategist for DailyFX.com Euro puts in positive weekly close; fresh upside ahead Yen finds renewed bids; but should be once again well offered China HSBC PMIs improve; help to supportive risk off dips Sarkozy takes hit in weekend election; weighs on Euro Aussie producer prices much softer; increases chances for rate [...]
Great British Pound (GBP) Technical Major Currencies (2012-04-23)
…GBP/USD was able to approach our previous detected technical target of 1.6165 which represents 7-month high taking Stochastic to the overbought areas nicely as seen on the provided daily chart. We discussed in several occasions before that the pair frequently…
GBP/USD Outlook April 23-27
…year last week, climbing as high as the mid-1.61 level? What’s next for the pound? The currency seems to shrug off poor UK economic data with ease, so we could see the pair continue to move higher, although at a more modest pace. Forex Crunch is a blog all…
British Pound Looks to Q1 GDP Report to Support Continued Gains
…the broad-based sentiment trends that dominate much of the FX space. Indeed, GBPUSD now shows a formidable correlation with 2-year UK bond yields, which implicitly reflect traders’ outlook for the near- to medium-term path of borrowing costs. The reorientation…
Commodity Bloc to Underperform While Major Currencies Consolidate
By Joel Kruger, Technical Strategist for DailyFX.com Euro still locked in choppy consolidation G-20, IMF and World Bank meetings kick off Looking for underperformance in commodity and EM FX German IFO and UK retail sales come in above consensus Taking a closer look at risk management and effective trading technique We have reached the final [...]
GBP/USD Pushes Above 1.61 for New High in 2012; 1.6160 Area is Key Resistance
Forex Technical Update Previous: GBP/USD Approaching 2012 High of 1.6066…(4/19) GBP/USD The daily GBP/USD chart shows a strong market trading in a rising wedge and breaking the previous 2012 high at 1.6066 . As it pushes above 1.61 handle, it is approaching a key resistance area. Back in October and November of 2011, the market saw resistance in the 1.6150-1.6162 area. Even if the market is pending a breakout, it is probably worth considering that this area provided resistance for a consolidation down to the 1.5870-1.59 area.
British Retail Sales Leap by 1.8% – GBP/USD Breaks Higher
…money which is which it can’t afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market.Any comments made on Forex Crunch or on other sites…
Great British Pound (GBP) Technical Major Currencies (2012-04-20)
One more positive closing was achieved above the psychological level of 1.6000 while trading continues above Parabolic SAR. In the interim, Stochastic remains positive suggesting additional gains towards yesterday’s recorded high of 1.6080. A break above
British Pound Breakout Seems Unlikely
…– Forex trading crowds have aggressively sold into recent British Pound strength, giving us contrarian signal that the pair may continue its rally against the US Dollar (ticker: USDOLLAR). Indeed, traders are now their most net-short GBPUSD since the pair…
Currencies Locked in Tight Jittery Trade Ahead of Spanish Auction
By Joel Kruger, Technical Strategist for DailyFX.com Investors squarely focused on Spanish auction results Risk for letdown seem to be low; expect results to be well received Aussie data continues to show signs of weakness Keeping an eye on Swiss Franc Bank of Japan committed to monetary easing Markets seem to be a little jittery [...]
Snapshot for BBA LIBOR GBP 3 Month (BP0003M)
…(London time). The rate is an average derived from the quotations provided by the banks determined by the British Bankers’ Association. The top and bottom quartile is eliminated and an average of the remaining quotations calculated to arrive at fixing.
Great British Pound (GBP) Technical Major Currencies (2012-04-19)
Morning Report The pair has moved steadily upwards breaching through the upper line of the recently established descending channel as seen on the provided daily chart. The positive closing above the psychological level of 1.6000 and the bullishness on St
GBP/USD Approaching the 2012 High of 1.6066 After BoE Meeting Minutes
Forex Technical Update Previous: GBP/USD Attacking Wedge Support with Strong Price Action (4/15) GBP/USD The GBP/USD was buoyed by Bank of England’s meeting minutes , which brought increased attention to inflation . Sterling’s strength was also seen in the EUR/GBP , which fell below its 2012 low. The GBP/USD pushed above the 1.60 handle, and is attacking the 2012 high at 1.6066 .
Euro Joins Risk Rally But More Cautious Than Other Markets
By Joel Kruger, Technical Strategist for DailyFX.com Risk correlated asset well bid after IMF raises global growth forecasts Canadian Dollar outperforms following upbeat Bank of Canada Risks still associated with Spain; Thursday auction results in focus China still showing signs of slowdown; expected to weigh on markets Looking for US Dollar to find renewed bids [...]
EUR/GBP Extending Decline Toward 0.8141 and 0.8066
Forex Technical Update Previous: EUR/GBP Knocking at Consolidation Support (4/18) EUR/GBP The daily EUR/GBP chart shows extension of a bearish market after consolidating above the 0.8220 low. The market is seen accelerating the decline as the moving averages are in bearish alignment (200 above 100, 55, 21, 8 in that order), and spreading out. The RSI tags 30, and although that may lead to oversold condition, it is a sign of bearish momentum. The weekly chart shows that below the 0.8220 low, we open up a couple of support pivots from 2010
