GBP
Unexpected UK Growth News to Drive British Pound Sterling Higher in April
…is also showing signs of having a good month and hence expected gains from the British Pound Sterling is limited. “When you look at UK data and how cheap the pound is, and look at the re-emergence of periphery concerns in Europe you are going to want to be…
GBP/USD Performance Chart as at 1:00p.m. Singapore time, 05/04/2012
…DETAIL In US trade, the pound held relatively firm after some better-than-expected economic data protected it from some of the negativity that hit other currencies and equity markets. In figures released overnight, the UK service PMI came in stronger than…
Great British Pound (GBP) Technical Major Currencies (2012-04-05)
Cable has retraced slightly from 1.5820 zones after closing negatively below the daily chart clue at 1.5890 as seen on the provided daily chart. Parabolic SAR becomes negative supporting the bearish effect of the evening doji star pattern while Stochasti
GBP/USD – Technical Levels and Scenarios
Forex Technical Update Previous: USD Strengthens Across the Board After FOMC Meeting Minutes (4/3) GBP/USD The GBP/USD fell through a short-term rising trendline and some short-term pivots during the 4/3 US session and into the 4/4 Asian-European session. As we get into the 4/4 US session, the market has found some support at the 1.5830-1.5840 pivot area. In the 4 chart you can see this being a previous support pivot during 3/28, as well as 3/20, and 21.
Euro Searches For Support As Fears Resurface, Sterling Trend In Focus
By David Song, Currency Analyst Talking Points Euro: Spain Bond Auction Disappoints, ECB Keeps Door Open For More Easing British Pound: Maintains Upward Trending Channel Ahead Of BoE Euro: Spain Bond Auction Disappoints, ECB Keeps Door Open For More Easing The Euro slipped to a fresh monthly low of 1.3106 as Spain sold EUR 2.59B [...]
Forex – GBP/USD hits 1-week low, U.K. data supports
…a decline to 53.5 last month. The pound was higher against the euro, with EUR/GBP shedding 0.37% to hit 0.8284. Later in the day, the U.S. was to publish a report non-farm employment change, as well as data from the Institute of Supply Management on service…
GBP/JPY – Triple Top Forming with Key Support in the 129.70-130 Area
Forex Technical Update Preivous: GBP/JPY Nears 133.45 Key Resistance After Strong China PMI Data (4/1) GBP/JPY The GBP/JPY continues to trade in a sideways range, with resistance in the 1.3340-1.3345 area, and support in the 130-130.05 area. We have seen the market bounce off this support 4 times already in March. Heading into the 4/4 US trading session, the market again trades down toward this support.
GBP/JPY – Triple Top Forming with Key Support in the 129.70-130 Area
Forex Technical Update Preivous: GBP/JPY Nears 133.45 Key Resistance After Strong China PMI Data (4/1) GBP/JPY The GBP/JPY continues to trade in a sideways range, with resistance in the 1.3340-1.3345 area, and support in the 130-130.05 area. We have seen the market bounce off this support 4 times already in March. Heading into the 4/4 US trading session, the market again trades down toward this support.
Great British Pound (GBP) Technical Major Currencies (2012-04-04)
Cable has plummeted forming a confirmed reversal candlestick formation- evening doji star- as seen on the provided daily chart. Furthermore, Stochastic has overlapped negatively confirming the negative divergence discussed in yesterday’s reports .Now, th
GBP/USD in Correction – Monitor 1.5940 for Support
Forex Technical Update Previous: GBP/USD Strengthens to New 2012 High (4/2) GBP/USD The GBP/USD is in a bearish correction since hitting 1.6064 to being the current trading week. As we enter the 4/3 US trading session, it is in a second downswing from that high. The 1H chart shows some local, or short-term support pivots. The 38.2% retracement at 1.5980 was seen as support during 4/2 European trading, but is now broken
Aussie Still Exposed to Relative Underperformance Following Dovish RBA
By Joel Kruger, Technical Strategist for DailyFX.com RBA leaves policy on hold at 4.25% as expected Australian Dollar under relative pressure on dovish comments Board suggests potential for rate cut in May EUR/USD still showing room for a break to fresh 2012 highs Overall, it has been an uninspired start to the week, with Monday’s [...]
Saving Early in a Cash ISA Could Earn You More Than GBP 125 Extra Interest
…underlying profit of £276 million – up 30% from the previous year. • Our strong financial performance and prudent business model meant that Nationwide was included in Global Finance magazine’s Top 50 Safest Banks in the World, one of only three UK institutions…
Clipper ship Cutty Sark to welcome visitors after GBP 50m restoration
…guarantee the clipper’s survival for at least the next 50 years, and the bank HSBC has agreed to sponsor the Trust to ensure the ship’s future. Built on the River Clyde at Dunbarton, the Cutty Sark was launched in 1869 to carry tea from China. She was then…
How to Trade the British Pound’s Rally
…for Britain’s triple-A bonds, and rising stock prices, the British pound [ GBP=X 1.6015 -0.0001 (-0.01%) ] has faced nothing but sunny skies lately. “M&A right now is big because companies have a ton of cash on their balance sheets,” says Rebecca Patterson,…
China Data is Solid, But is it Enough to Inspire Fresh Risk On Trade?
By Joel Kruger, Technical Strategist for DailyFX.com China March PMIs come in very solid but data to be taken with a grain of salt China HSBC Markit PMIs less encouraging and mitigate favorable reaction Aussie building approvals come in much weaker than expected Bank of Japan Tankan results show an ongoing concern over the outlook [...]
GBP/USD Strengthens to New 2012 High After Positive UK Manufacturing Data
Forex Technical Update Previous: GBP/USD Pushes Above 1.60 with Persistent Bullish Momentum (3/30) GBP/USD UK Manufacturing PMI for March (12-27) : 52.1, forecast: 50.6, previous: 51.5 (revised from 51.2): Orders rise, PMI at 10-month high. To start the 4/2 European session, the better-than-expected manufacturing data in the UK strengthened the Sterling across the board except against the Japanese Yen. Cable (GBP/USD) pushed higher after falling back to the 1.5980 area, reaching 1.6067 ahead of the 4/2 US session.
Great British Pound (GBP) Technical Major Currencies (2012-04-02)
Friday’s closing-quarterly closing- was achieved exactly at the initial resistance level of 1.5995 while Stochastic remains positive. In the interim, a complex of negative divergences has appeared obviously on the four-hour interval as seen on the subsid
GBP/JPY Nears 133.45 Key Resistance After Strong China PMI Data
Forex Technical Update Preivous: GBP/JPY – Double Top Forming with 130.00 as Key Support (3/29) GBP/JPY The 130.00 support held, and the GBP/JPY pushed above the 131.50 central pivot. The 4H chart shows the pair now pushing toward the 133.45 high. This was due to risk appetite in the 4/2 Asian Monday session which was surprised by strong Chinese Manufacturing PMI data .
GBP-JPY: More Strength Likely
…support lies at 125.45, followed by 124.50. All in all, the pound-yen cross currency pair remains biased to the upside, having reversed its recent corrective weakness. — Written by Mohammed Isah.
British Pound at Critical Point with BoE in Crosshairs
…the Aussie, up 4.06 percent since March 1. Where does this leave the British Pound headed into April? To first understand why the Pound advanced, one needs to look no further than recent rhetoric out of the Bank of England.
