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 […]

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 next month (it is happening early). This Supports not holding.PE Notes: The Argentinian Peso at 37.96 has crashed almost 33% from marks near 31.30 to 41.46 […]

British Pound: USD/GBP (GBP=X) breaks through resistance after Brexit breakthrough

British Pound: USD/GBP (GBP=X) breaks through resistance after Brexit breakthrough

British Pound: USD/GBP (GBP=X) breaks through resistance after Brexit breakthrough GBP/USD managed to rally through trendline and horizontal resistance ($1.2936) this week, with an apparent breakthrough in Brexit negotiations leading to gains for the pair. With the ascent slowing, there is a chance we could soon see some form of retracement. However, until we break […]

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 next month. This become bigger if certain Support and Resistances hold. PE Notes: Some positive sentiment is swirling around the BREXIT talks helped GBP rally Wednesday. EUR […]

British Pound: USD/GBP (GBP=X) turns lower from trendline resistance

British Pound: USD/GBP (GBP=X) turns lower from trendline resistance

British Pound: USD/GBP (GBP=X) turns lower from trendline resistance GBP/USD sold off from a descending trendline yesterday, bringing the wider downtrend into play. The ability to break below the $1.2799 low will be crucial in determining whether this is the beginning of another leg lower for the pair. Alternatively, watch for a potential break above the $1.2936 […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: Important resistances on EUR and on GBP/USD are holding, suggesting that the US Dollar strength cane […]

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

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

British Pound: USD/GBP (GBP=X) has moved into a consolidation phase GBP tested the strong 1.2800 support last Friday (exact low of 1.2800) before rebounding. The recovery has improved the underlying tone somewhat but it is too early to expect the start of a bullish phase. In other words, we continue to expect GBP to consolidate […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: We are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Note: Watch out for crucial resistances on EUR at 1.1675-1.1700 and on Sterling at 1.2872, if breached, […]

British Pound: USD/GBP (GBP=X) Remains Under Pressure

British Pound: USD/GBP (GBP=X) Remains Under Pressure

British Pound: USD/GBP (GBP=X) Remains Under Pressure The Technical Confluences Indicator shows that cable faces a dense cluster of resistance levels at around 1.2862. This includes the Bolinger Band 15m-Middle, the Simple Moving Average 10-15m, the SMA 5-1h, the Fibonacci 38.2% one-week, the Fibonacci 23.6% one-day, the BB 15m-Middle, the SMA 100-1h, the BB 4h-Middle, […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/reversal next month. This become bigger if certain Support and Resistances hold. PE Notes: USD strength might see a return this week, EUR looks like it might dip from 1.17, RMB […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: This is crucial mark in most currencies. There is the chance that the current USD’s strength could see a correction/ reversal next month. This become bigger if certain Support and Resistances hold. PE Note: The US Dollar .DXY Index is up 0.5% at 95.62 5 consecutive losing sessions. […]

British Pound: USD/GBP (GBP=X) runs into problems around $1.29

British Pound: USD/GBP (GBP=X) runs into problems around $1.29

British Pound: USD/GBP (GBP=X) runs into problems around $1.29 Silver markets have grounds sideways for some time, over the last several days. The $14.80 level has been a bit of an anchor for price, but above there I see the $15.00 level as being massive resistance. Short-term rallies will of course offer selling opportunities as […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The US Dollar (.DXY) Index is lower by 0.2% at 95.01. .DXY slipped beneath the 50-Day MA in early Wednesday, came off its lows in the US.  .DXY track it 5th straight decliner. USD saw afternoon selling after the FOMC Minutes from the August meeting acknowledged the presence […]

British Pound: USD/GBP (GBP=X) rebound likely to provide selling opportunity

British Pound: USD/GBP (GBP=X) rebound likely to provide selling opportunity

British Pound: USD/GBP (GBP=X) rebound likely to provide selling opportunity GBP/USD has similarly been gaining ground over the past week, with the price approaching the 50% Fibonacci retracement overnight. There is a good chance we could see further upside over the near term. However, this looks like a retracement of the $1.3212-$1.2661 decline, and thus it […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US Dollar (.DXY) Index off 0.8% at 95.12, back at August lows. USD retreated in overnight action, but climbed off its low in early-morning trade, the rebound was short-lived, as .DXY saw resistance near its Monday’s closing mark. Intra-day action saw a move to the overnight low, […]

British Pound: USD/GBP (GBP=X) rises as Donald Trump criticises Fed

British Pound: USD/GBP (GBP=X) rises as Donald Trump criticises Fed

British Pound: USD/GBP (GBP=X) rises as Donald Trump criticises Fed The Dollar fell Tuesday after President Donald Trump lashed out at the Federal Reserve for its recent approach to US monetary policy, prompting fears of a slowdown in the pace at which the central bank raises its interest rate. In a Reuters interview, Trump said […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY surrendered an overnight gainer. With today’s decline, USD is down 0.8% since last Wednesday, tracking its 3rd loss running. .DXY climbed at the start of the overnight session, but saw resistance near marks from Friday morning. The .DXY marked a high during the European session, having spent the […]

British Pound: USD/GBP (GBP=X) run into some element of support

British Pound: USD/GBP (GBP=X) run into some element of support

British Pound: USD/GBP (GBP=X) run into some element of support The pound isn’t exactly in demand this morning as a survey from the Institute of Directors (IoD) revealed a -16 per cent drop in confidence among UK business leaders. Approximately 44 per cent of leaders attributed their falling confidence to concerns about future trade with […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 14-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite […]

British Pound: USD/GBP (GBP=X) eyes Bank of England, USD Fed and China trade talks

British Pound: USD/GBP (GBP=X) eyes Bank of England, USD Fed and China trade talks

British Pound: USD/GBP (GBP=X) eyes Bank of England, USD Fed and China trade talks The main event for the Pound in the week ahead will be testimony from Bank of England (BOE) governor Mark Carney the Parliamentary Treasury Select Committee, on Wednesday, August 22, covering the inflation and economic outlook. Although the BOE raised interest […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.73 as it saw some selling pressure after marking a 13-month high in morning trade. President Donald Trump has repeatedly called for a weaker USD in a bid to help US exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish […]

British Pound: USD/GBP (GBP=X) starting to drift as the demand for dollars returns

British Pound: USD/GBP (GBP=X) starting to drift as the demand for dollars returns

British Pound: USD/GBP (GBP=X) starting to drift as the demand for dollars returns The Pound has taken a belting consequent to the disorder, a dynamic compounded by the roaring greenback, to trade at 12 month lows this week. The fortunes for the pound don’t appear good, but if there is a surprisingly strong outcome to […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:.DXY was little changed at 96.75 as it saw some selling pressure after marking a 13-month high in morning trade. Overnight USD strength pressured other major currencies like EUR and GBP to new lows for the year, but USD has struggled to hold that high amid mounting bets on an […]

GBP British Inflation Accelerated

GBP British Inflation Accelerated

GBP British Inflation Accelerated British inflation accelerated last month on high transport costs, hitting average workers’ purchasing power — but boardroom pay has surged, data showed Wednesday. The Consumer Prices Index (CPI) 12-month rate picked up speed to 2.5 percent in July after 2.4 percent in June, the Office for National Statistics (ONS) said in […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Tuesday’s rebound on Wall Street coincided with a rebound in the Turkish Lira, which had plunged nearly 25% Vs in the prior 2 sessions. The Lira added about 8% Vs USD  Tuesday, helping to ease concerns over the financial health of lenders with heavy exposure to Turkey. PE […]

FX: Sterling (GBP) Traders Focused on BREXIT Outcome

FX: Sterling (GBP) Traders Focused on BREXIT Outcome

FX: Sterling (GBP) Traders Focused on BREXIT Outcome GBP/USD: -0.32% to 1.2721, Tuesday’s action is the 9th consecutive decliner for the GBP Having sunk to 13-month lows, the Pound Sterling could fall by up to another 10% in the coming months should Britain crash out of the EU without a deal on future trade ties, […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. And now after a week of  hammering is is beginning to […]

British Pound: USD/GBP (GBP=X) to rally as the risk of ‘no deal’ fades

British Pound: USD/GBP (GBP=X) to rally as the risk of ‘no deal’ fades

British Pound: USD/GBP (GBP=X) to rally as the risk of ‘no deal’ fades One of the UK’s most recognised high-street lenders have said they expect Pound Sterling to recover over coming weeks as the prospect of a ‘no deal’ Brexit fades. The call by Lloyds Bank provides some relief to those looking for a recovery in the […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. PE US Dollar (.DXY) Index at 96.41: .DXY saw […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading higher and EUR is moving lower, both towards there respective support and resistance in here. PE US Dollar (.DXY) Index at 95.586: .DXY is moving closer to its prior highs 95.6-95.7. On weekly line a clear break of 95 has .DXY looking Bullish near term. Note: If US […]

British Pound: USD/GBP (GBP=X) fall still not over

British Pound: USD/GBP (GBP=X) fall still not over

British Pound: USD/GBP (GBP=X) fall still not over Cable at present provides a perfect demonstration of ‘what goes down…can keep going down’. There seems little stopping GBP/USD’s descent, particularly since the ‘No Deal Brexit’ background music remains in full flow. Areas of possible support come in at $1.2773 and then $1.26, while even $1.32 looks […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading lower and EUR is moving higher, both towards there respective support and resistance in here. PE The Dollar (.DXY) Index at 95.15: ,DXY could move lower to 94.8, its 21-Day MA over the rest of this week. If .DXY breaks below 94.8, the trendline support is at 94.5, […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR are moving against our expectatona in here. PE The Dollar (.DXY) Index at 95.15: .DXY dipped Monday after marking a high 95.52 on the day. .DXY has support at 94.8, 21-Day MA, and 94.5 the trendline support. A test of 94.8 would align the EUR’s testing 1.165-1.167, and […]

British Pound: USD/GBP (GBP=X) headed back towards 2018 lows/key Fib support level

British Pound: USD/GBP (GBP=X) headed back towards 2018 lows/key Fib support level

British Pound: USD/GBP (GBP=X) headed back towards 2018 lows/key Fib support level GBP/USD has been heading below the 21-hr SMA at 1.2951 and is set on a southerly trajectory on political angst over no-Deal Brexit concerns following both Carney’s and Fox’s no deal warnings from Friday and Sunday respectively – 1.2920 was Monday’s 11-month low after […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR moving as expected in here. PE The Dollar (.DXY) Index at 95.314: The Dollar Index saw a high at 95.52 Monday day and could move higher to resistance on daily line chart at 96.0-96.2 some time next week. Recall that it broke the 95 mark last week, and […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 95.245 looks Bullish to resistance at 95.6-95.8 in here. A clear break there open the path to 96, which corresponds with EUR testing support at 1.145. EUR (Euro) at 1.1561 broke below 1.16 last week, now seeing 1.1508 in here. A clear break below 1.1508 opens up support at […]

British Pound: USD/GBP (GBP=X) Prices are Stalling

British Pound: USD/GBP (GBP=X) Prices are Stalling

British Pound: USD/GBP (GBP=X) Prices are Stalling GBP/USD’s sharp decline last week suggests that corrective rebound from 1.2956 has completed at 1.3212 already. Initial bias stays on the downside this week for 1.2956. Firm break there will resume larger decline from 1.4376 for 1.2874 fibonacci level next. On the upside, above 1.3064 minor resistance will […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 95.17 moved up and now looks like 96 next in here, aa close above 95 Friday will be Very Bullish for .DXY next week EUR (Euro) at 1.1587 broke below support at 1.1600-1.1625, it is headed South to 1.1508. There is support 1.145 on 3-day line, a clear […]

British Pound: USD/GBP (GBP=X) Inflation and growth forecasts raised

British Pound: USD/GBP (GBP=X) Inflation and growth forecasts raised

British Pound: USD/GBP (GBP=X) Inflation and growth forecasts raised The Bank of England has surprised foreign exchange markets by voting 9-0 to raise interest rates to 0.75% on Thursday, August 02. This would be only the second increase since the 2008 financial crisis, despite that consumer price inflation has fallen much faster this year than it or […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.64, the FOMC stressed that the US economy is growing strongly and so, a rate hike in September is almost certain. The Fed’s policy did not strengthen .DXY, it looks like it could strengthen towards 95.0-95.5 in her, as long as it holds above 94. […]

British Pound: USD/GBP (GBP=X) static after UK manufacturing sector slowdown

British Pound: USD/GBP (GBP=X) static after UK manufacturing sector slowdown

British Pound: USD/GBP (GBP=X) static after UK manufacturing sector slowdown The biggest ecostat for the Pound today is likely to be the UK Manufacturing Purchasing Managers’ Index (PMI) which is forecast to soften from 54.4 to 54.2 in July. “However, if an upswing takes place or the number remains the same, Sterling might be offered […]

Interest Rates to Rise in UK

Interest Rates to Rise in UK

The Bank of England appears set Thursday to hike interest rates to combat high inflation, as it eyes fallout from both Brexit and the global trade war, economists say. Policymakers are widely expected to ramp up the British central bank’s main interest rate by a quarter-point to 0.75 percent — which would be the highest […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.59 the 1st support held for .DXY Tuesday, it is now trading at the major resistance. The focus is on the FOMC meet Wednesday, which could strengthen .DXY to 95.0-95.5. We will see if it gets capped there or breaks out. EUR (Euro) 1.1684 moved […]

British Pound: USD/GBP (GBP=X) consumer confidence remains weak

British Pound: USD/GBP (GBP=X) consumer confidence remains weak

British Pound: USD/GBP (GBP=X) consumer confidence remains weak Cable ends Tuesday unchanged, hovering around 1.3130 ahead of FOMC and BoE. A retreat of the US dollar during the US session, sent GBP/USD back to 1.3130. The GBP/USD pair followed US dollar moves on Tuesday. Earlier today peaked at 1.3172, the highest level since last Thursday […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.38 fell Monday and is testing support at 94.30-35. Expecting this support to hold and for the FOMC meet to strengthen .DXY. If that happens a ride to 95.0-95.5 is likely, and 95.5-96.0 is important resistance, and a clear break above that […]

British Pound: USD/GBP (GBP=X) higher as consumer credit levels rise

British Pound: USD/GBP (GBP=X) higher as consumer credit levels rise

British Pound: USD/GBP (GBP=X) higher as consumer credit levels rise Markets eye BOE monetary policy decision on Thursday and BOE is expected to hike rates by 25 basis point. But BOE will have minimum impact as market expects hard Brexit which will drag the Pound sterling further down.It is currently trading around 1.30980. Intraday trend […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.74, the FOMC meet this week could strengthen .DXY as the overtones in the policy statement could be Hawkish. If that happens, a rise to 95.5 is seen. The resistance at 95.5-96.0 is important, a clear break […]

British Pound: USD/GBP (GBP=X) Bank of England is to deliver its interest rate decision on Thursday

British Pound: USD/GBP (GBP=X) Bank of England is to deliver its interest rate decision on Thursday

British Pound: USD/GBP (GBP=X) Bank of England is to deliver its interest rate decision on Thursday The Bank of England is to deliver its interest rate decision on Thursday, with most analysts expecting a quarter point rate increase. The pound was almost unchanged against the dollar late Friday, with GBP/USD at 1.3106. Overall, the bias […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.694 tested support Thursday near 94.08 and then bounced as the ECB continued its Dovish stance. The US GDP release Friday is expected to show sharp acceleration in GDP in Q-2. If that happens, […]

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

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

British Pound: USD/GBP (GBP=X) remains under pressure The British pound continues its recent bullish recovery from the 1.2956 level against U.S. Dollar, with sterling bulls now testing towards the key 1.3200 level. The British pound has benefitted from overall weakness in the greenback, and British PM Theresa May’s recent announcement that she is to take-over […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.165 is trading slightly below support a 94.2 on daily and 3 day candles. A clear break below 94 negates the near term rise to 95-96. The ECB meet’s outcome today could decide the direction. EUR (Euro) at 1.1736 is testing resistance at 1.174, A clear […]

US UK Find Opportunity in BREXIT

US UK Find Opportunity in BREXIT

Britain is moving ahead with plans to negotiate a free trade deal with the United States as soon as it leaves the European Union, International Trade Secretary Liam Fox said Wednesday. But Fox also said he would like to see a “de-escalation” with Washington over the growing array of tariffs, as he offered an energetic […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.62 is respecting support here, and could rise to 95.0-95.5-96.0. But a clear break below 94.1 is required to negate a rise to 95-96. EUR (Euro) at 1.1678 is trading quietly in anticipation of the ECB meet Thursday ranged within 1.174 – 1.165. A […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.63, the support near 94 held well for .DXY Monday. It is now trading near the 21-Days MA near 94.6. A rise to 95.00-95.25 in here, 95.5 is an important resistance mark. A clear break above that mark will correspond with a break […]

British Pound: USD/GBP (GBP=X) longer-term bearish trend might be ready for continuation

British Pound: USD/GBP (GBP=X) longer-term bearish trend might be ready for continuation

British Pound: USD/GBP (GBP=X) longer-term bearish trend might be ready for continuation The British Pound recovered in the latter-portion of last week after failing to drive through the 1.3000 level. That was the first test of the key psychological level since last year, and retail traders have been suspiciously bearish around the move, highlighting the potential for […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.29 has broken support near 94.5, next support is at 94 which it could test in early this week. A test of 94 by .DXY could correspond with a test of 1.18 by EUR. EUR (Euro) at 1.1739 moved past resistance at 1.1715 […]

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

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

British Pound: USD/GBP (GBP=X) Focus on the Brexit For the Pound, following a particularly dire week for the Pound, stats through the week ahead are limited to July’s CBI Industrial Trend Orders and UK Mortgage Approvals, neither set of numbers are likely to have a material impact on the Pound following a shift in sentiment towards […]

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