#BREXIT #UK #EU $GBP $EUR $USD Fears of a no-deal BREXIT are back to haunt the UK financial markets. With the relationship between the EU and Britain reaching a new level of discord, investors hammered the GBP with an intensity that has not been seen since the height of the virus chaos in March. Money […]
#dollar #inflation #Fed $USD $DXY $EUR $GBP $JPY The Buck has been on a slide since The China Virus arrived in the US and the change in the Fed’s approach to inflation is applying more Southside pressure on the dollar into the future. USD has depreciated over the course of the Summer, with the US […]
#global #growth #exports #dollar $USD $EUR $GBP $USO $XAU $GLD The USD is struggling, and the market is betting the Buck has more room to fall. The trade-weighted USD has fallen 7% from its March highs, and we expect it fall at least 15% from the highs. That will give a shot in the arm […]
#Dollar #rates #yields #C19coronavirus $USD $DXY $EUR $GBP $JPY EUR rose the most in a decade in July, the GBP marked its best July since Y 1990, and for the 1st time this year, every major currency in the world rose against the Buck. It is all thanks to the USD’s 4.6% dive, its biggest […]
$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]
$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]
$EUR $USD The EUR fell to its lowest in a month Thursday after data showed economic activity in the Eurozone virtually halted by government-imposed lockdowns to stop the coronavirus chaos. The EUR was last at $1.07795, with investors awaiting the result of a meeting of EU leaders on the bloc’s response to the economic turmoil […]
$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]
Sterling rebounded today after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit. The gain, which followed the pound slumping to a three-year low yesterday, is likely to precede more big price swings in the currency as the battle over Brexit enters another crucial phase. Lawmakers who defeated Prime […]
$GBP, $EUR, $USD Tuesday, the European Union rebuffed UK Prime Minister Boris Johnson’s demand that it reopen the BREXIT deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the border with Northern Ireland. After more than 3 years of BREXIT uncertainty, the UK is heading to a showdown […]
The Pound-to-Euro exchange rate has fallen 3.66% in May while the Pound has fallen 4.25% against the Dollar over the same period. It appears that Brexit uncertainty played a hand in the contraction last month, with new orders plummeting in May as retailers sought to sell through inventories stockpiled in recent months in preparation for […]
$BAC, $C, $JPM, $MS, $WFC, $USD, $GBP, $JPY The Fed As the US yield curve is deciding whether to invert/not Invert, investors seek reassurance that we are in a era of non-inflationary growth, and focus on monthly price gauges this week. Wednesday, the US Labor Department is expected to report that its March Consumer Price […]
$GBP UK lawmakers rejected PM Theresa May’s BREXIT deal for a 3rd time Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil on the day it was supposed to leave the single currency socialist bloc. The decision to reject a stripped-down version of Mrs. May’s deal has left […]
$GLD, $USD, $EUR, $GBP, $CNY What we have been seeing over the past few years is that confidence in government is fading and the price of Gold is rising. Some current examples The UK House of Commons voted 413-202 last week to delay Britain’s exit from the EU. Despite resounding defeats, Prime Minister Theresa May […]
$GBP, $EUR, $GS Queen Elizabeth, 92 anni, has sent a message to Britain’s factious political class over BREXIT, urging lawmakers to seek common ground and grasp the big picture to resolve the crisis. With the clock ticking down to 29 March, the date set in law for Britain to leave the EU, the United Kingdom […]
$GBP, $USD Wednesday, British Prime Minister Theresa May’s government survived a no-confidence vote, a day after her BREXIT deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning Mrs. May can remain in office. There was no effect on US financial markets. Tuesday, UK […]
UK FTSE 100 (.FTSE) rally fades amid GBP volatility A bullish start to trade today for the FTSE 100 has faded amid a sterling rebound on rumours that Article 50 could be reversed unilaterally. That being said, we have been seeing a period of strength over the past two weeks, and there is a strong chance we […]
British Pound: USD/GBP (GBP=X) lifted on Article 50 news Cable has seen strong gains as a European judge weighs in on Article 50 but rallies here over the past few weeks have merely been the cue for fresh selling. The GBP/USD pair created a new lower high and lower low in the intraday charts yesterday, so any […]
British Pound: USD/GBP (GBP=X) rally proving short-lived GBP/USD has been moving sharply higher this morning, yet just like EUR/USD, we are seeing the 76.4% Fibonacci resistance level respected. The trend over the past week has been one of consolidation, with a failure to break below the crucial $1.2661-$1.2696 support zone meaning we still await the next […]
British Pound: USD/GBP (GBP=X) downside may be limited Fundamental Forecast for EUR/USD: Neutral – Both Italian politicians and European policymakers in Brussels remain entrenched in their respective negotiating positions, and now the European Commission is ready to punish Italy. – EUR/USD downside may be somewhat limited, particularly after the US Dollar’s fundamental backdrop eroded last […]
British Pound: USD/GBP (GBP=X) rallies on Powell speech While cable bounced following the Federal Reserve (Fed) chair Jerome Powell speech, it has failed to create a new higher high for GBP/USD, stuck at $1.285. We may see fresh selling pressure emerge. A move above $1.29 is needed to put a more bullish view on the pair. […]
UK FTSE 100 (.FTSE) rallies through key resistance level A dovish appearance from Federal Reserve (Fed) chair Jerome Powell yesterday provided a welcome boost for stock markets, with the FTSE 100 rallying back up into the 7059 mark. The ability to break convincingly above that level provides us with a more bullish outlook for the index. With […]
UK FTSE 100 (.FTSE) supported by buyers The spike higher earlier on yesterday was followed by an intraday pullback, but dip buyers came in around 6980, and the FTSE 100 then pushed higher. An area of resistance over the past week has been 7060, so a move above this would be a bullish development. Both 7100 and […]
British Pound: USD/GBP (GBP=X) consolidating at key support level GBP/USD has managed to remain above the $1.2823 support level this morning, following a fall into the crucial $1.2723 support level. The bearish trend looks likely to sustain given the rising likeliness of a harder form of Brexit, with UK Prime Minister Theresa May’s proposal failing to […]
British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh Expectations of a frosty reception in Parliament for the UK’s Withdrawal Agreement have driven more downside in GBP/USD, and the price is now heading towards the lows of late October at $1.2680, and then the August low at $1.2661. Rallies of late have run into heavy selling […]
UK FTSE 100 (.FTSE) briefly breaks crucial swing high The FTSE 100 joined many of the world markets in rallying sharply this morning, after rumours of a breakthrough between the US and China hit Twitter. This has since been rebuffed, causing the FTSE to turn lower. However, that rally through 7059 highlights a potential bullish breakout in […]
British Pound: USD/GBP (GBP=X) turning higher after recent decline GBP/USD sold off sharply on Friday, as the pair continues to exhibit strong retracements within its recent recovery. There are still questions over whether we are currently seeing a retracement of the $1.3072-$1.2724 sell-off. However, for now it looks likely we will overcome the $1.2927 peak from […]
British Pound: USD/GBP (GBP=X) remains stuck in a range The Pound-to-Dollar exchange rate is set to open the new week at 1.2822 ensuring it remains set in a sideways range between roughly 1.2650 and 1.3300. Last week it moved in an even narrower range within that range, closing at 1.2818 only a tenth of a […]
British Pound: USD/GBP (GBP=X) hovers above support The price of GBP/USD has been pushed back to support at $1.2773 but is holding for now. Further declines would target $1.2720, the low from last Thursday, while a bounce would have to clear $1.2870 and then break trendline resistance from the November high at $1.3160 to suggest the buyers […]
British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower GBP/USD fell below the $1.2794 support level yesterday, raising the chances of further downside for the pair. The recent rebound always looked like a retracement, yet the size of that rebound is always going to be difficult to anticipate. However, with the failure […]
British Pound: USD/GBP (GBP=X) stalls at $1.29 While GBP/USD has rallied off the lows from last week, gains above $1.29 have not been forthcoming. A close above this level would open the way to $1.30, the peak from the first half of November, while a fresh drop targets $1.2773 and then $1.269. Overall, the bias in prices […]
British Pound: USD/GBP (GBP=X) continues to climb after recent sell-off GBP/USD is continuing its ascent following the sharp deterioration through last week. This looks likely to be a retracement, yet given the size of the initial downturn, it is likely that we will see further upside in the near term as the pair forms a deeper […]
British Pound: USD/GBP (GBP=X) focus on Brexit The rally of GBP/USD earlier in the week has faltered, and the price finds itself back below $1.305. Further declines will head towards $1.28, the lows from earlier in the week, while a rally above $1.305 would open the way to $1.32. With headlines appearing throughout the day, the pair […]
British Pound: USD/GBP (GBP=X) rocked by Brexit headlines The rally of GBP/USD earlier in the week has faltered, and the price finds itself back below $1.305. Further declines will head towards $1.28, the lows from earlier in the week, while a rally above $1.305 would open the way to $1.32. With headlines appearing throughout the day, the […]
British Pound: USD/GBP (GBP=X) falters at 61.8% retracement GBP/USD has been gaining ground as markets digest the potential culmination of Brexit talks which have produced a proposal for parliament and EU member states to consider. There is undoubtedly a chance that this could be the beginning of a wider recovery if the agreement was voted through. However, it […]
British Pound: USD/GBP (GBP=X) still under pressure GBP/USD created a new lower high last week, and further declines will target $1.2773. A bounce from intraday oversold conditions needs to clear $1.295 to suggest more near-term upside. A failure to push above here would bring out more selling pressure, and below $1.2827, Monday’s low. The price heads […]
Prime Minister Theresa May on Tuesday faced her divided ministers as negotiators scrambled to secure a divorce agreement with the European Union and anxiety mounted over the risk of a no-deal Brexit. May said Monday her government was working “extremely hard” to save a deal, telling officials of London’s financial district that negotiations “are now […]
British Pound: USD/GBP (GBP=X) moved into a consolidation phase Despite the strong surge in GBP early this month, we have held the same view since last Wednesday (07 Nov, spot at 1.3100) wherein “it would be surprising if the rebound in GBP could break 1.3190” (GBP subsequently traded to a high of 1.3176). However, the […]
British Pound: USD/GBP (GBP=X) UK gross domestic product proved positive The Pound Sterling to US Dollar (GBP/USD) exchange rate failed to hold onto gains made in the wake of the US midterm elections on Friday. Although the headline third quarter UK gross domestic product proved positive this was not enough to shore up Pound Sterling. […]
UK FTSE 100 (.FTSE) pushing higher after wedge pattern The FTSE 100 is pushing upwards in the wake of a bullish wedge breakout seen yesterday. Upside for global markets in the wake of the US midterm elections has provided European stocks with a bullish impetus, reversing the declines seen throughout the first half of the week. This […]
British Pound: USD/GBP (GBP=X) finds further strength Brexit optimism and a weaker dollar continues to support the GBP/USD. An early dip to $1.31 found buyers, and further gains target yesterday’s highs around $1.3175. So far dips have been bought, so a move back below $1.305 is needed to reverse the broadly bullish outlook. Overall, the bias […]
British Pound: USD/GBP (GBP=X) pushes past Fibonacci resistance GBP/USD has managed to regain a significant amount of ground, with the combination of a more hawkish Bank of England (BoE) outlook coupled with a post-midterm election decline in the dollar helping push the pair past the 76.4% retracement. That raises the chance of a wider bullish breakout above […]
UK FTSE 100 (.FTSE) turning lower after recent rebound The FTSE 100 is showing signs of a potential bearish shift, with a break below Friday’s low of 7072 providing a strong possibility of a pullback from here. Given the fact that the rebound from late October came from the crucial historical level of 6841, there is a […]
British Pound: USD/GBP (GBP=X) solidifies hold above $1.3050 Cable has managed to move GBP/USD above the $1.3050 area that provided resistance at the end of last week. Further gains would head towards possible resistance at $1.32 and then $1.33. A bearish view would prevail with a move back below $1.2950. Overall, the bias in prices is: Sideways. […]
British Pound: USD/GBP (GBP=X) weakening from confluent resistance GBP/USD managed to push sharply higher towards the end of last week, with the price rallying into Fibonacci and moving average resistance. That confluence of the 61.8% retracement, alongside the 200-day simple moving average (SMA), provides a potential turning point for the market. That being said, there is […]
British Pound: USD/GBP (GBP=X) Benefit from Improved UK Services PMI or GDP The GBP/USD exchange rate could return to an uptrend on Monday, however, if the UK services PMI for October proves encouraging. As the service sector remains the growth engine of the UK economy an uptick here could give investors fresh incentive to pile […]
British Pound: USD/GBP (GBP=X) surges on Brexit news News of a deal between the EU and the UK over financial services has bolstered GBP/USD, with the pair recovering ground lost over the past week. We may have a change of short-term trend here, although it will be important to watch how the price behaves around intraday […]
British Pound: USD/GBP (GBP=X) rallies into trendline resistance GBP/USD has turned higher in early trade, with the pair hitting trendline resistance. There is a strong chance that this is simply another short-term rebound before we see another bearish reversal for the pair. As such, it makes sense to remain bearish unless we break through the $1.2853 […]
UK FTSE 100 (.FTSE) holds gains Despite morning predictions of a negative start, the FTSE 100 has closed out the morning with relatively comfortable gains, up 17 points at 7,043. The positive performance has been bolstered by a strong performance from blue-chip oiler BP, with shares up 3.4% at 553.4p in late morning, after the […]
British Pound: USD/GBP (GBP=X) back to the lows GBP/USD has fallen to a new two-month low this morning, and a close below the $1.2770 lows of last week would suggest that a move to the August lows at $1.2661 is in play. A recovery above $1.2860 would suggest that some bullish strength is developing. Overall, the […]
UK FTSE 100 (.FTSE) Budget does little to inspire markets The FTSE 100 ended higher on Monday as the market from the previous week’s volatility while US stocks started off strongly as the rebound reached across the Atlantic. At the close, the UK blue-chip index was up 95.3 points, or 1.3% at 7,034, taking it […]
British Pound: USD/GBP (GBP=X) turns lower despite stochastic breakout GBP/USD is turning lower yet again, following on from a rebound off the $1.2785 support level on Friday. That rebound from the September low coincided with the stochastic breaking higher from a wedge/triangle formation, thus pointing towards a potential period of upside to come. However, until we […]
British Pound: USD/GBP (GBP=X) bears remain in control The Pound-to-Dollar rate fell to fresh lows of 1.2777 on Friday after solid growth data lifted the greenback while Sterling remained on its back foot due to unfavourable Brexit news-flow. There is an old Wall Street saying that the “trend is your friend until the bend at […]
British Pound: USD/GBP (GBP=X) focus on is at 1.2790 We first highlighted the possibility of a move to 1.2920/25 last Friday (19 Oct, spot at 1.3020) wherein we indicated a “break of 1.3000 would shift the focus to 1.2920/25”. The price action since then is line with our expectation even though the ease of which […]
British Pound: USD/GBP (GBP=X) falling back towards crucial support level GBP/USD is falling once more, with the pair moving closer to the crucial $1.2922 support level. The falling wedge seen throughout the past week is pointing towards a potential bullish break at some point. However, the ability to break below $1.2922 is the real signal for […]
British Pound: USD/GBP (GBP=X) bounces for now After yesterday’s losses, GBP/USD is rebounding for the time being, although it remains firmly in a downtrend from the highs of mid-October. Rallies to $1.31 may find fresh selling, but a close above this level would at least generate a new higher high. The October low at $1.2922 could be […]
UK FTSE 100 (.FTSE) jitters over geopolitical tensions British shares sank fell more than 1 percent to their lowest since March on Tuesday as a broad sell-off hit stocks across Europe, caused by a toxic mix of weak results, jitters over geopolitical tensions, Brexit, Italy’s budget and cooling markets overnight. The FTSE 100, on track […]
British Pound: USD/GBP (GBP=X) attempting to rebound from trendline support GBP/USD is regaining ground this morning, following on from a pullback into trendline support last week. The ability to break through the $1.3131 resistance would bring greater confidence for a push into the descending trendline resistance, which forms the top of a symmetrical triangle. As such, […]
British Pound: USD/GBP (GBP=X) tests key moving average While the price is holding above the 50-day simple moving average (SMA) at $1.3005, the overall picture for GBP/USD seems bearish given the declines seen over the past week. It would require a close above $1.32 to reverse this view. Further declines target $1.2926, and then down to $1.2773. […]
British Pound: USD/GBP (GBP=X) falls below key support level GBP/USD has managed to break below the $1.3098 support level, bringing about expectation of further downside from here. Given the failure to create a new high above $1.3299, there is a distinct possibility that we are going to see a further breakdown. However, a break below the […]
British Pound: USD/GBP (GBP=X) turning lower after failed attempt to break resistance GBP/USD has failed to rally through the $1.3258 swing high, raising doubts about the longevity of this rebound. The direction for this pair will be determined by a break through $1.3258 or $1.3098. A drop below that $1.3098 low points towards a potential wider […]
UK FTSE 100 (.FTSE) blue-chips back off from winning streak Footsie finished down nearly five points at 7,054. The FTSE 250 tanked lower- shedding almost 136 points at 19,013. The pound fell after inflation data showed it had slowed to its lowest level in 18 months in September. “Pound traders will now turn their attention […]
UK FTSE 100 (.FTSE) PM Theresa May was backed by her cabinet on her current Brexit negotiating stance FTSE 100 closed in positive territory as US shares went higher amid a flurry of earnings and PM Theresa May was backed by her cabinet on her current Brexit negotiating stance. The UK blue-chip index closed around […]
British Pound: USD/GBP (GBP=X) still on the up Despite the mixed signals on Brexit, GBP/USD has rallied once again. Fresh gains target $1.3250, and then on to the September high at $1.33. The bullish view remains unless we see a close below $1.31. Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to […]
UK FTSE 100 (.FTSE) Brexit talks reach impasse FTSE 100 closed in positive territory – the first rise in four sessions as Brexit jitters appeared to be becalmed for now. Britain’s blue-chip benchmark finished up around 31 points at 7,029. Earlier, Prime Minister Theresa May made a surprise address in the Commons after a weekend […]
British Pound: USD/GBP (GBP=X) tumbles after Brexit deadlock holds GBP/USD has started the week in bearish fashion, with the inability for the UK and EU to find a positive conclusion to negotiations highlighting the potential for further downside in the near term. The path for the pound will be determined by the outlook for negotiations and […]
UK FTSE 100 (.FTSE) Uncertain future In the coming months, FTSE 100 company share prices could continue to be volatile. The IMF recently released a report which stated that there are risks to global economic growth, with tariffs expected to hurt progress in the coming years. Already, a number of tariffs have been announced by the […]
British Pound: USD/GBP (GBP=X) lifted by Brexit hopes GBP/USD continues to see gains, with intraday weakness still finding buyers. The next stop is the $1.33 area, while dips below $1.317 would potentially suggest that indecision is setting in ahead of the weekend. Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to […]
British Pound: USD/GBP (GBP=X) buoyed by Brexit hopes GBP/USD has climbed steadily since the low last week, and since then each intraday sell-off has been met by buying. With the price back above $1.32 a run towards $1.33 is now on the cards, and a close above this level in the longer term opens the way […]
British Pound: USD/GBP (GBP=X) pulling back after recent ascent GBP/USD has been an outperformer of late, with yesterday proving no different. The pair managed to rally into an October high to continue the short-term bullish trend. While we are looking likely to retrace some of the gains seen yesterday, a bullish short-term outlook remains unless we […]
British Pound: USD/GBP (GBP=X) still on the up despite weakness While the price has dropped back from yesterday’s highs, the powerful rebound from $1.304 suggests the move higher will resume soon for GBP/USD. Above $1.314, the price will head towards $1.32 and then the highs of September above $1.33. A close below $1.304 is needed to […]
British Pound: USD/GBP (GBP=X) rallies through key resistance Hopes of a Brexit breakthrough have helped push GBP/USD through the crucial $1.3118 level. This brings about a greater chance that the pair will move into a more bullish phase, with the previous price action taking on a bullish falling wedge formation. Much of this will be […]
British Pound: USD/GBP (GBP=X) Uptrend Might be Resuming It is a testament to the turnaround in market perceptions of the Pound that it outperformed the U.S. Dollar last week, despite the fact that the Dollar has been one of the strongest currencies in the G10 of late. GBP/USD rose mainly on easing Brexit concerns after […]
British Pound: USD/GBP (GBP=X) still on a lower trajectory Rallies have been sold into over the past two weeks, so any move that fails to recover $1.3030 would still be another selling opportunity for GBP/USD. Below $1.2923, the price will target $1.2773 and then $1.2635. Overall, the bias in prices is: Sideways. The projected upper bound […]
Campaigners for a second referendum on Brexit are braving scepticism and even hostility as they hit Britain’s streets as part of a growing movement to get Britons to change their mind. More and more politicians are calling for another vote and recent polls show some 40 percent of the population support it but reactions are […]
British Pound: USD/GBP (GBP=X) on a downward path GBP/USD lost the rising trendline that had held since mid-August, continuing its decline from $1.33. Further losses will target $1.2940, the low from Tuesday, and then below this, $1.2773. A recovery above $1.3121 would be needed to suggest that the buyers are back in charge. Overall, the bias […]
British Pound: USD/GBP (GBP=X) continues downturn GBP/USD has dropped into a near three-week low, with the pair looking set for further downside from here. The downtrend seen since the $1.3298 peak is likely to persist, even if we are looking at a retracement. We would need to see a break through $1.3117 to pave the way […]
UK FTSE 100 (.FTSE) rallies sharply after drop into key support The FTSE 100 sold off sharply at the start of the day, with the price falling into the 7446 support level. Given the wider downtrend and recent rally into the 76.4% retracement for the index, a break below 7446 would point towards a potential bearish breakdown […]
British Pound: USD/GBP (GBP=X) turning higher after recent decline GBP/USD has seen a sharp decline below $1.3055 over the past week, with the price creating a new lower low after the recent 61.8% upside retracement. Despite the broader uptrend over the past month, there is a possibility we could see this move as a wider retracement […]
British Pound: USD/GBP (GBP=X) uptrend and reached solid support The Pound-to-Dollar exchange rate took a modest hit last week after the U.S. Dollar strengthened following a positive endorsement of the economy by Jerome Powell, the chairman of the Federal Reserve which suggests the path for U.S. interest rates will remain higher for a good while longer. GBP/USD fell […]
UK FTSE 100 (.FTSE) consolidates gains as US markets open higher The Footsie was holding on to gains as US indices opened firmer on Thursday in the wake of US gross domestic product (GDP) data. The S&P 500 was up 3.9 at 2,909.8 and the tech-heavy Nasdaq Composite was 14 points firmer at 8,021; the […]
British Pound: USD/GBP (GBP=X) lower due to the rally in the US dollar GBP/USD is also lower due to the rally in the US dollar. It was a quiet day in terms of economic indicators from the UK, so today’s move was dollar driven. The lack of clarity in relation to Brexit will continue to hang […]
British Pound: USD/GBP (GBP=X) continues to gain ground within likely retracement GBP/USD has been regaining ground following on from the deterioration through the $1.3098 swing low. That break points towards a strong possibility of another shift lower before long, thus highlighting the importance of the Fibonacci resistance up ahead. With this in mind, there is a […]
UK FTSE 100 (.FTSE) drifting lower The FTSE 100 has been drifting lower in the wake of a rally into the 61.8% retracement and 200-day simple moving average (SMA) on the four-hour chart. This looks to be part of a wider retracement, and thus we could turn lower once more from either the 61.8% or 76.4% Fibonacci […]
British Pound: USD/GBP (GBP=X) remains in an uptrend GBP/USD recovered from Friday’s slump, creating a higher low as it held above $1.3040 support. Further gains target $1.3204 and then $1.33. A drop below $1.3040 would suggest a move back towards rising support, around $1.2990. An ongoing failure to break $1.33 raises the prospect of a continuation […]
British Pound: USD/GBP (GBP=X) instigates fight back after recent decline GBP/USD dropped out of its recent uptrend, with the break below $1.3097 pointing towards further losses to come. The fall below the descending trendline support on the stochastic adds to that notion that we are now in a more bearish phase, with the fears over Brexit […]
British Pound: USD/GBP (GBP=X) reverses lower after break through key resistance GBP/USD managed to rally through the $1.3212 level yesterday, with the sellers coming in overnight to bring us back to that same level. The uptrend seen through recent weeks points towards a strong possibility of further upside to come, with a break below $1.3097 required […]
UK FTSE 100 (.FTSE) shares lagged their European peers on a trade war relief rally UK shares lagged their European peers on a trade war relief rally on Thursday, after better-than-expected UK retail data boosted the pound which acts as an accounting drag on their foreign revenues. While analysts had expected a strong spring and […]
British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility GBP/USD is also gaining ground in early trade, with the pair attempting to push higher after falling below trendline support. That break could provide the first signal of an impending downturn. However, with the price not having broken below the $1.3056 swing low, we have not yet […]
British Pound: USD/GBP (GBP=X) faces key resistance The uptrend continues for GBP/USD, but so far this week gains above $1.3170 have proved fleeting. A breakout above this level targets $1.32, and then on to $1.3302. A move below $1.2940 would be needed to end the current bullish trend from the August lows. Overall, the bias in […]
British Pound: USD/GBP (GBP=X) sails higher Gains continue for GBP/USD, with the price heading on towards $1.32. The bullish view remains in place until we see a drop back below $1.2950. Further upside targets lie at $1.3204, and then $1.3358. Overall, the bias in prices is: Sideways. The projected upper bound is: 1.33. The projected lower […]
British Pound: USD/GBP (GBP=X) continues to push upwards GBP/USD has also retraced, with the pair moving back into trendline support. The recent uptrend points towards another potential shift higher from here, with a break below $1.2979 required to negate this recent rally. The price is trading within a bearish rising wedge formation, yet it’s worthwhile noting […]
British Pound: USD/GBP (GBP=X) remains in a short-term uptrend The Pound-to-US Dollar exchange rate crossed the 1.30 Rubicon last week when it rose from an open price of 1.2927 to a close, on Friday, of 1.3066 after Brexit risks subsided on the back of hopes of a deal being brokered. From a technical standpoint there […]
British Pound: USD/GBP (GBP=X) continues to grind higher GBP/USD has been pushing higher over the past fortnight, with the pair hitting the highest level in a month on Tuesday. However, despite attempting to break through that peak, we have seen the pair fail to overcome this week’s high of $1.3088. This may not necessarily be a […]
British Pound: USD/GBP (GBP=X) seeks to maintain bullish phase GBP/USD has been regaining ground over the past week, fueled for the most part by shifts in perception over Brexit talks. We have seen the pair drift lower since yesterday’s peak. However, with this weakness comes expectations of another push higher before long. So far, we have […]
UK FTSE All Share (.FTAS) Stronger crude prices boost FTSE Stronger crude prices and a rallyin tobacco stocks gave a boost to Britain’s top share index onWednesday, while a profit warning hit energy provider SSE. The FTSE 100 .FTSE ended up 0.55 percent at 7,313.36points, having hit its lowest point in five months in theprevious […]
UK FTSE All Share (.FTAS) Trade tensions, sterling weigh on FTSE 100 The FTSE 100 has been in decline throughout the past two weeks, with the recovery in the pound denting confidence in UK-listed stocks. We have been consolidating this week, with the index failing to break below Friday’s low thus far. A fall below the 7256 […]
British Pound: USD/GBP (GBP=X) pushed higher by Brexit optimism GBP/USD has finally managed to break above the downtrend line from the May highs. If the price succeeds in closing above $1.3040 then the breakout will target the $1.3205 area. A move back below $1.30 reignites the bearish move and suggests a move back to $1.2773. Overall, […]
British Pound: USD/GBP (GBP=X) headed lower once more Another Brexit-related spike on Friday was swiftly defeated, and the GBP/USD price has headed back to $1.29. Below this, $1.2773 and then $1.2635 come into play. A close above $1.3040 is needed to create a more bullish impression. Overall, the bias in prices is: Sideways. The projected upper bound […]
British Pound: USD/GBP (GBP=X) remains intact on balance despite recent weakness It is a busy week for UK data with several key data releases, and the Bank of England (BOE) meeting scheduled to finish on Thursday at 12.00 B.S.T. The BOE raised interest rates by 0.25% at their August meeting but they are not expected […]