GBP/USD Forecast February 10, 2012, Technical Analysis
GBP/USD rose slightly for the Thursday session after first behaving very strongly. In fact, the resulting candle is a shooting star, and shows weakness going forward. The 1.58 level just below it is support however, so this could simply be the st
Chinese inflation higher; commodity prices lower
The currency certainly didn't. The NZD/USD just dribbled towards the bottom of its recent range around 0.8320. Yesterday's Chinese inflation figures provided some temporary headwinds for the NZD and AUD. The surprisingly firm result (4.5%y/y vs.
Euro/USD Slightly Rose on Thursday–Daily Recap February 9
The forex market continued to dwindle during yesterday's trading despite's ECB decision to keep interest rate unchanged. The Euro slightly rose against the USD; other major currencies slightly appreciated against the US dollar including CAD. Gold
GBP/USD: Trading The U.K. Consumer Price Report
In turn, a weak CPI reading could spark a sharp reversal in the GBP/USD, and we may see the exchange rate fall back towards the 38.2% Fibonacci retracement from the 2009 low to high around 1.5730-50 to test for near-term support.
Pound Heads for Weekly Loss Versus Euro as House Prices Fall; Gilts Gain
There is still scope for some more BOE stimulus and that pushes the chance of UK interest rate increases far into the distance. The pound is on the back foot. The pound was little changed at 83.92 pence per euro at 9:24 am London time after falling ...
GBP/USD Showing Weakness with Short-term Head and Shoulder
Immediately after the BoE announced 50bn instead of 75 bn pounds of additional bond purchase (QE3), the GBP/USD got a boost. However, this was indeed short-lived. It was noted that inability to break back above 1.5875 would be seen as a sign of w
Australian Dollar Outlook - 02/10/2012
Focus will be on risks to unemployment along with Fair Value for the Australian Dollar and the further understand Tuesdays no move on interest rates. Majors: Greek Political Leaders have come to a long stalled agreement on harsh austerity measures and ...
Bank of Japan to Reject More Easing as Quake Rebuilding Supports Economy
Governor Masaaki Shirakawa's board will maintain the overnight lending rate at between zero and 0.1 percent on Feb. 14, according to all 13 economists surveyed by Bloomberg News. A 55 trillion yen ($712 billion) asset-purchase program will remain ...
Euro falls from two-month high on worries Greek deals are not finalized yet
The euro fell from eight-week high versus the dollar and tumbled against majors on worries the deals with international lenders and private-sector bondholders are not finalized yet. Although Greek Prime Minister Lucas Papademos and three political ...
EUR/GBP Fundamental Analysis February 10, 2012, Forecast
The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be
Trading the Michigan consumer sentiment report
Michigan Consumer Sentiment Report: Released on the 10th of every month is a leading economic indicator on the US economic outlook. Read more about MCSI.
GBP/USD rallies back to 1.5800
Yesterday’s steady decline in favor of the greenback saw the GBP/USD reaching its low at 1.5766 right on the London opening, where buy orders pushed the pair for a corrective movement.


