Services PMI Eases Concerns About UK Economy, Pound Gains
The Great Britain pound gained today after a report showed that UK service industries advanced last month, easing concerns about recession of Britain’s economy and making the sterling again viable haven from Europe’s crisis.
GBP/USD capped at 1.5841
The Asian session upside got capped at 1.5841 on London opening and gave room for a downward bounce to 1.5813.
GBP/USD Daily Asia Outlook 02/03
(Dow Jones via eFXnews) GBP/USD - to consolidate in lower range as markets await U.S. non-farm payrolls report.Daily chart ....
Singapore Stocks-Poor SIA earnings may weigh
----------------------MARKET SNAPSHOT @ 0007 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1325.54 0.11% 1.450 USD/JPY 76.13 -0.13% -0.100 10-YR US TSY YLD 1.823 -- 0.000 SPOT GOLD 1756.39 -0.17% -3.000 US CRUDE 96.61 0.26% 0.240 DOW JONES ...
GBP/USD Fundamental Analysis February 3 , 2012, Forecast
The most encouraging with the unexpected drop in unemployment claims. Combined with Fed Chairman Bernanke's comments the USD maintained its strength against its trading partners. The Challenger Jobs report figures showed job losses in January totaled ...
USD/CHF Fundamental Analysis February 3 , 2012, Forecast
The USD/CHF trading at 0.9171 up from the opening. The USD gathered strenght through out the day on positive economic data and reports regarding Greece. At this writing it is the most confusing news, which can not be interpreted.
EUR/GBP Confirming Bearish Continuation From Wedge Breakout
The 4H EUR/GBP chart shows a market breaking below a rising wedge to start this week. Price action was heavy, but the market bounced up from near a previous support pivot at 0.8280. Note that the 61.8% retracement of the wedge pattern was nearby
EUR/GBP Fundamental Analysis Feb 2, 2012, Forecast
Economic Events: (GMT)07:00 CHF Trade Balance 2.85B 2.95B
The Trade Balance measures the difference in value between imported and exported goods
USD/CHF Fundamental Analysis Feb. 2, 2012, Forecast
Productivity and labor-related inflation are directly linked-a drop in a worker's productivity is equivalent to a rise in their wage. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading ...
What’s Happening With Currencies – February 1, 2012
Risk is the term of the day, as equity market gains are providing a platform for major currencies to work off of. The Euro is higher against the dollar, by an impressive 0.87% and trading at 1.3200 in the New York morning.
U.K. January House Prices Drop For Second Month
A typical house costs GBP 162228, the lowest since February 2011. Howard Archer, chief UK economist at IHS Global Insight said the data reinforces the assessment that prices are set to fall by around 5 percent in 2012. With inflation slowing markedly, ...
GBP/USD Fundamental Analysis Feb 1 , 2012, Forecast
The Nationwide Housing Price Index (HPI) measures the change in the selling price of homes with mortgages backed by Nationwide. It is the U.K.’s second earliest report on housing inflation.A higher than expected reading should be taken as pos


