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The UK economy did not manage to grow in the 4th quarter, but monthly and yearly growth seem to be heading in the right direction. Manufacturing and Industrial production fall short of expectations....
The Analytical Overview Of The Main Currency Pairs - Thursday, Feb 6
February 06, 2020
The Greenback continued its growth against its main competitors. Yesterday the fall of EUR/USD quotes exceeded 45 points. The trading instrument reached key lows. The American currency was supported by...
The British Pound rallied more than 2.2% off the June lows with the advance failing to breach/close above the monthly opening-range highs/yearly open resistance.
Elliott Wave Analysis: GBPUSD In A Three-Wave Rise
June 25, 2019
GBPUSD is also rising, now trading above the upper Elliott wave channel line, which is connected from 1.3177 high.
Market Talk – Thursday, June 20
June 20, 2019
Wall Street had another strong performance this Thursday. The S&P 500 rallied to a new record high this after closing at 2,954.18 (+27.72 points, +0.95%).
Pound Higher As Focus Shifts To Monetary Policy
June 19, 2019
The Pound Sterling was higher against the Dollar and Euro today, taking a breather from a losing streak which had lasted six weeks.
Let's Gain Even More On The Sliding Euro And Pound
June 18, 2019
Yesterday's EUR/USD session saw a meek attempt of the bulls to move higher that ended up pretty much going nowhere. Earlier today, we saw a similar push higher but the bulls gave up all their gains.
Draghi Signals Fresh Easing Sending Euro Lower
June 18, 2019
EURUSD remains under pressure so far today. Dovish comments today from ECB chairman Draghi have kept the pair well offered.
Very mixed day for US equities with Small Caps leading (despite dismal domestic data) along with Nasdaq (hovering at its 50DMA), Trannies lagging badly (worst day since May), and S&P and Dow in the...
US Dollar Price Outlook: USD Bounce Runs Into Resistance
June 13, 2019
The US Dollar continues to move higher in an almost begrudging fashion. Last week saw a big area of support come into play when the Dollar collapse ran into a Fibonacci level at 96.47.
Brexit is back... and with a vengeance, because moments ago cable, which had been rising gingerly in recent days, plunged after the House of Commons voted by 309 votes to 298 to reject a motion...
GBP/USD Sees Price Reversal With Eyes On The Upside
June 11, 2019
GB/PUSD sees price reversal with eyes on the upside in the days ahead. Support lies at 1.2700 as it looks for more weakness. Below that level will turn attention to the 1.2650 level.
GBP: More Downside But At A Slower Pace
June 03, 2019
The outlook for sterling remains bleak. The currency is set to continue depreciating but the recent rise in (a) GBP risk premium; and (b) short GBP speculative positioning now suggests a slower pace of...
It’s been another strong week in the US Dollar as the currency has made another push towards the two-year-high at 98.32. The USD has gained each day Monday-Thursday.
PM Successor Concerns Weigh On GBP
May 30, 2019
Concerns about the successor to Theresa May have upstaged Brexit worries in the short term and are keeping the Pound trading close to a 4-month trough.
GBP/USD Faces Further Brexit Reality
May 27, 2019
GBP/USD is struggling with the 1.2685 line which provided support early last week. The next level to watch is 1.2650 that was a stepping stone on the way up. The fresh four-month of low of 1.2605 is...
US equities were a bloodbath with tech wrecking once again...Trannies are the worst on the week, and The Dow is outperforming (though all are red on the week).
Technically speaking, GBP/USD is trying to break an inauspicious streak: the pair has traded lower from open to close in each of the last six days, and ten of the last eleven, shedding more than 400...
GBP/USD May Extend Its Falls As PM Johnson Is Feared
May 17, 2019
GBP/USD has suffered a losing streak of no less than ten days and is on the verge of entering into oversold territory.
The downside breakout in GBPJPY prices is developing as the broader range low at 143.78 has started to give way.
Top 5 Events: Q1’19 UK GDP & GBPUSD Price Forecast
May 06, 2019
GBPUSD prices have been quite choppy in recent days: price has broken the downtrend from the March and April swing highs, but price has been rejected at former uptrend support off the December 2018...
Sterling is down more than 3.3% against the US Dollar from the yearly high with price breaking below a multi-month consolidation last week.
The US Dollar (via the DXY Index) is having a strong showing at the start of the full week, now that markets in developed economies are back online after the long Easter weekend.
Tepid Reception For UK CPI Data
April 17, 2019
The GBP/USD was trading at $1.305, up 0.107%; the pair has ranged from a trough of $1.3032 to a peak of $1.3067 in today's trading session.
GBP/USD Surrenders To Downtrend Resistance And Jeremy Corbyn
April 16, 2019
GBP/USD is down to around 1.3050, hitting the lowest levels in a week. Labour leader Jeremy Corbyn said that there is no agreement on a customs union between the government and the opposition.
GBP/USD: Brexit Delayed, Now What?
April 15, 2019
Technically speaking, GBP/USD is coiled for a potentially big breakout this week. The pair is reaching the pinnacle of a 1-month “symmetrical triangle” pattern, with an “inside candle” in progress so...