British Economy Doing Better Than Expected, But Pound Printi
Purchasing managers’ indices in the UK were generally better than expected and pointed to growth in January. The chances of an official recession are now lower.Nevertheless, even if Britain escapes another quarter of contraction, the QE train
EUR/GBP Fundamental Analysis February 3 , 2012, Forecast
The Services Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the services sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys c
GBP/USD Fundamental Analysis February 3 , 2012, Forecast
The Services Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the services sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys c
GBP/USD Forecast February 3, 2012, Technical Analysis
GBP/USD pulled back to the 1.58 level on Thursday, showing that the area is indeed important. The breaking above this level showed significant strength, and as a reminder, it offered support at the end of the session yesterday.The area should
EUR/GBP Forecast February 3, 2012, Technical Analysis
EUR/GBP fell during most of the session on Thursday, but found a bounce in the late hours to form a hammer. The pair has been running into support at the 0.8280 level, and it looks as if the area will become a good point in which to sell if we ge
Market Factors to watch - Feb 3
PRESS DIGEST - ExxonMobil agrees to increase output at Cepu block-BP Migas Oil and gas regulator BP Migas said ExxonMobil have agreed to increase oil production at the Cepu block to 27000 barrels per day (bpd) this year from the current rate of 22000 ...
USD Outlook Hinges On Bernanke Testimony, Euro Carves Lower Top
As the central bank head is scheduled to testify in front of the House Budget Committee at 15:00 GMT, comments from Mr. Bernanke will heavily influence the USD, and we may see the chairman strike a more balanced tone for the economy as the recovery ...
GBP/USD Steps Up Slowly, But Surely
On Wednesday Pound/Dollar continued increasing with 180 pips. The Cable appreciated from 1.5705 to 1.5883 yesterday, in line with the positive Interbank sentiment at above +38%, closing the day at 1.5831. Today the British Pound is trading quietly, ...
More Gains Likely For GBP/USD - BarCapr
(Dow Jones via eFXnews) More gains likely for GBP/USD, says Barclays Capital, with the break above 1.5780 suggesting gains toward 1.5890 and the 200-day moving average at 1.5955.The bank says the ...
Pound Down as Construction in Britain Slows
The Great Britain pound erased its gains versus the US dollar and fell against the Japanese yen today after the report showed that UK construction growth slowed last month.
GBP/USD flat ahead of PMI data
Positive data in the UK economy would play its role in trying to avoid a negative print in the first quarter and could add extra pressure to the BoE regarding further increments in the Assets Purchase Programme (+ 25-75 bn) next week.
GBP/USD Forecast February 2, 2012, Technical Analysis
GBP/USD rose during the session on Wednesday as the 1.58 level gave way. However, the 1.59 held and has pushed the pair back significantly. This recent thrust has been very positive, and a break of 1.58 is certainly a sign of strength by the Poun


