posted by
GAINSY
1 day 18 hours ago
in EUR, GBP, Technical
Although intra-day rally to 0.8590 suggests low has possibly been formed at 0.8398 earlier and consolidation with upside bias remains for gain to 0.8600-10, break of previous resistsance at 0.8637 is needed to signal early fall from 0.8815 top ha
posted by
GAINSY
1 day 19 hours ago
in GBP, Fundamental
It's been a rough morning for GBP, with economic data thwarting early attempts at a GBP recovery. BOE minutes, retail sales and public sector data all weighed on the pound, pushing it below 1.5100 – a key support level. Data details:
posted by
insensitive
1 day 23 hours ago
in EUR, GBP
Europe remains in recession. Deep challenges persist in its financial system. Without sustained and significant reforms, a decade of stagnation threatens." The pound euro exchange rate will continue to feel the heat ahead of Carney's ascension; this is ...
posted by
Arnaud
2 days ago
in GBP, Economic Indicators
In the meantime, the Office for National Statistics is slated to issue U.K. retail sales and public finances for April. Public sector net borrowing is seen at GBP 8.5 billion compared to GBP 15.1 billion in the prior month. U.K. retail sales including ...
posted by
GAINSY
2 days ago
in USD, GBP, Technical
GBP/USD: Intraday bias in GBP/USD remains on the downside for the moment. Corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. Current decline should extend to retest 1.4830 level nex
posted by
GAINSY
2 days ago
in USD, GBP, Technical
Although cable has retreated, yesterday's rebound from 1.5113 suggests minor consolidation above this level would be seen and above the Kijun-Sen (now at 1.5188) would bring a stronger rebound towards the Ichimoku cloud top (now at 1.5240), howev
posted by
jobseeker
2 days ago
in USD, EUR, JPY, GBP, AUD, NZD, Economic Indicators
At the rate-setting meeting, policymakers decided to keep the interest rate at 0.50 percent and quantitative easing at GBP 375 billion. In the meantime, the Office for National Statistics is slated to issue U.K. retail sales and public finances for ...
posted by
stephenlovesforex
2 days ago
in USD, GBP, Technical
A Forex trading technical analysis video showing Cable sitting on the 61% Fibonacci support level at 1.5125 taken from this year's low at 1.4830. May's slide from an interim high at 1.5600 has seen an increase in both implied and historical vola
posted by
EJSuratos
2 days ago
in USD, JPY, GBP
Strap on your seatbelts, folks. We're about to see a lot of movement in tomorrow's trading! Read my article and learn how you can better brace yourselves for what could be a Wild Wednesday in the forex market!
posted by
GAINSY
2 days ago
in GBP, Fundamental
The pound has come under pressure after the weaker than expected inflation reading for April earlier this morning. Headline CPI fell to 2.4% (expectations were for a decline to 2.6%, from 2.8% in March). This is the lowest level since September 2
posted by
GAINSY
2 days ago
in USD, GBP, Fundamental
The royal pound fell to a six-week low against the dollar on Tuesday after data showed U.K. inflation slowed more than economists forecast in April, before of the Bank of England releases minutes of its May meeting on Wednesday.
posted by
GAINSY
2 days ago
in USD, GBP, Fundamental
U.K. inflation retreated to 2.4% in April., the lowest level in seven months, coming back near the bank's target, while pound drops versus dollar on expected further calls for stimulus expansion.