British Pound Hitting New lows

British Pound Hitting New lows

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 […]

Investor Focus this Week: Geopolitical Events + Big Bank Earnings

Investor Focus this Week: Geopolitical  Events + Big Bank Earnings

$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 […]

UK Lawmakers Reject PM May’s BREXIT Deal Again

UK Lawmakers Reject PM May’s BREXIT Deal Again

$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 […]

The Geopolitical Uncertainty Vs The Price of Gold

The Geopolitical Uncertainty Vs The Price of Gold

$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 […]

BREXIT Update: PM May’s Government Survived No-confidence Vote

BREXIT Update: PM May’s Government Survived No-confidence Vote

$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 […]

British Pound: USD/GBP (GBP=X) rally proving short-lived

British Pound: USD/GBP (GBP=X) rally proving short-lived

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

British Pound: USD/GBP (GBP=X) downside may be limited

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) consolidating at key support level

British Pound: USD/GBP (GBP=X) consolidating at key support level

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

British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh

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 […]

British Pound: USD/GBP (GBP=X) turning higher after recent decline

British Pound: USD/GBP (GBP=X) turning higher after recent decline

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) hovers above support

British Pound: USD/GBP (GBP=X) hovers above support

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

British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower

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) continues to climb after recent sell-off

British Pound: USD/GBP (GBP=X) continues to climb after recent sell-off

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

British Pound: USD/GBP (GBP=X) focus on Brexit

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

British Pound: USD/GBP (GBP=X) rocked by Brexit headlines

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

British Pound: USD/GBP (GBP=X) falters at 61.8% retracement

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

British Pound: USD/GBP (GBP=X) still under pressure

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 […]

Brexit Nears as EU Faces Revolt

Brexit Nears as EU Faces Revolt

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

British Pound: USD/GBP (GBP=X) moved into a consolidation phase

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

British Pound: USD/GBP (GBP=X) UK gross domestic product proved positive

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. […]

British Pound: USD/GBP (GBP=X) finds further strength

British Pound: USD/GBP (GBP=X) finds further strength

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

British Pound: USD/GBP (GBP=X) pushes past Fibonacci resistance

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 […]

British Pound: USD/GBP (GBP=X) solidifies hold above $1.3050

British Pound: USD/GBP (GBP=X) solidifies hold above $1.3050

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

British Pound: USD/GBP (GBP=X) weakening from confluent resistance

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

British Pound: USD/GBP (GBP=X) Benefit from Improved UK Services PMI or GDP

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) rallies into trendline resistance

British Pound: USD/GBP (GBP=X) rallies into trendline resistance

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 […]

British Pound: USD/GBP (GBP=X) turns lower despite stochastic breakout

British Pound: USD/GBP (GBP=X) turns lower despite stochastic breakout

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) falling back towards crucial support level

British Pound: USD/GBP (GBP=X) falling back towards crucial support level

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

British Pound: USD/GBP (GBP=X) bounces for now

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 […]

British Pound: USD/GBP (GBP=X) attempting to rebound from trendline support

British Pound: USD/GBP (GBP=X) attempting to rebound from trendline support

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

British Pound: USD/GBP (GBP=X) tests key moving average

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

British Pound: USD/GBP (GBP=X) falls below key support level

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

British Pound: USD/GBP (GBP=X) turning lower after failed attempt to break resistance

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 […]

British Pound: USD/GBP (GBP=X) tumbles after Brexit deadlock holds

British Pound: USD/GBP (GBP=X) tumbles after Brexit deadlock holds

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 […]

British Pound: USD/GBP (GBP=X) lifted by Brexit hopes

British Pound: USD/GBP (GBP=X) lifted by Brexit hopes

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) pulling back after recent ascent

British Pound: USD/GBP (GBP=X) pulling back after recent ascent

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

British Pound: USD/GBP (GBP=X) still on the up despite weakness

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

British Pound: USD/GBP (GBP=X) rallies through key resistance

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) still on a lower trajectory

British Pound: USD/GBP (GBP=X) still on a lower trajectory

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 […]

Left Wing Try to Overturn Democracy in UK

Left Wing Try to Overturn Democracy in UK

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

British Pound: USD/GBP (GBP=X) on a downward path

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) turning higher after recent decline

British Pound: USD/GBP (GBP=X) turning higher after recent decline

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

British Pound: USD/GBP (GBP=X) uptrend and reached solid support

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 […]

British Pound: USD/GBP (GBP=X) continues to gain ground within likely retracement

British Pound: USD/GBP (GBP=X) continues to gain ground within likely retracement

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 […]

British Pound: USD/GBP (GBP=X) remains in an uptrend

British Pound: USD/GBP (GBP=X) remains in an uptrend

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

British Pound: USD/GBP (GBP=X) instigates fight back after recent decline

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

British Pound: USD/GBP (GBP=X) reverses lower after break through key resistance

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 […]

British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility

British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility

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

British Pound: USD/GBP (GBP=X) faces key resistance

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

British Pound: USD/GBP (GBP=X) sails higher

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

British Pound: USD/GBP (GBP=X) continues to push upwards

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) continues to grind higher

British Pound: USD/GBP (GBP=X) continues to grind higher

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

British Pound: USD/GBP (GBP=X) seeks to maintain bullish phase

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 […]

British Pound: USD/GBP (GBP=X) pushed higher by Brexit optimism

British Pound: USD/GBP (GBP=X) pushed higher by Brexit optimism

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

British Pound: USD/GBP (GBP=X) headed lower once more

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

British Pound: USD/GBP (GBP=X) remains intact on balance despite recent weakness

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 […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]

British Pound: USD/GBP (GBP=X) rises on Brexit optimism

British Pound: USD/GBP (GBP=X) rises on Brexit optimism

British Pound: USD/GBP (GBP=X) rises on Brexit optimism Yet more Brexit headlines rocked sterling yesterday, but it was enough to push GBP/USDfurther above $1.28 support. From here, we’ll start to see the $1.3040 level, along with downtrend resistance from the May highs. A drop below $1.2773 brings the $1.26 level into view. Overall, the bias in […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]

British Pound: USD/GBP (GBP=X) turning towards key support level once more

British Pound: USD/GBP (GBP=X) turning towards key support level once more

British Pound: USD/GBP (GBP=X) turning towards key support level once more GBP/USD is breaking lower from trendline resistance this morning, following on from a period of downside since Thursday. There is a strong possibility that we are on the cusp of a bearish breakdown for the pair, and traders need to keep a close eye out […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Notes: After a quiet Monday due to holidays in USA, the USD strengthened a bit Vs the Euro and Sterling from Tuesday’s session.It […]

British Pound: USD/GBP (GBP=X) creates new lower high

British Pound: USD/GBP (GBP=X) creates new lower high

British Pound: USD/GBP (GBP=X) creates new lower high Declines continue here, with GBP/USD having created a new lower high at $1.30, faltering at the 50-day simple moving average (SMA). Further losses will bring support at $1.27 and then $1.26 into view. A bounce from above $1.28 would create a new higher low in the current short-term move […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Note: After a quiet Monday due to holidays in USA, the USD could begin strengthening Vs the Euro and Sterling from […]

British Pound: USD/GBP (GBP=X) falls into trendline support

British Pound: USD/GBP (GBP=X) falls into trendline support

British Pound: USD/GBP (GBP=X) falls into trendline support GBP/USD has dropped at the start of the week, following negative Brexit rhetoric from the EU. This has brought us back into trendline support, with the question over whether we are set for another rebound coming into play. A break below $1.2845 and $1.2799 would signal another wider […]

British Pound: USD/GBP (GBP=X) Labour Productivity and July Trade Figures due Wednesday

British Pound: USD/GBP (GBP=X) Labour Productivity and July Trade Figures due Wednesday

British Pound: USD/GBP (GBP=X) Labour Productivity and July Trade Figures due Wednesday For the Pound, stats include 2nd quarter labour productivity and July trade figures on Wednesday, July building permits on Thursday and August employment and PMI numbers due out on Friday. Outside of the stats NAFTA talks and Wednesday’s interest rate decision will be in […]

1 2 3 6