FreshPips.com / User / forexben / Voted

BoE status quo priced in so profit taking in long GBP strate

posted by forexben 570 days ago in USD, Technical, Daily made popular 570 days ago

The dollar index stabilised o/n after hitting a 76.531 low post FOMC. Weekly claims have been on a steady run registering fewer people filing for benefits since Oct 8 and a drop below 430k will add more conviction to a stronger whisper number for

Discuss

Will The BoE Follow The Footsteps Of Fed As The ECB Remains

posted by forexben 570 days ago in USD, Fundamental, Daily made popular 570 days ago

The main argument among investors is the BOE next move, where speculations are mixed as voices forecast that the bank will provide markets with a second round of Quantitative Easing measures reaching £100.0 billion, while others discard those cal

Discuss

U.S. Service Sector Growth Accelerated

posted by forexben 570 days ago in USD, Technical, Daily made popular 570 days ago

The ISM non-manufacturing index indicated that the sector expanded for the tenth consecutive month in October, and the pace of growth increased by more than was expected, because the index rose to 54.3 from 53.2 in the previous month (a reading a

Discuss

Japanese Yen Softens Ahead of BoJ Meeting

posted by forexben 570 days ago in USD, Fundamental, Daily made popular 570 days ago

The Japanese yen weakened across the board over the European session and continue to do so in the US session. This currency has been strong, but Bank of Japan event risk on Thursday's Asian session should keep the mighty yen in check for now. The

Discuss

Some Quiet Strength from the Non-Manufacturing Sector

posted by forexben 570 days ago in USD, EUR, Fundamental made popular 570 days ago

Improvements were broad based with 8 of 10 sub-indexes posting improvements. Notably, business activity surged from 52.8 to 58.4, new orders inched up from 54.9 to 56.7, and employment posted a modest increase to 50.9 from 50.2 in September.

Discuss

Sunrise Market Commentary

posted by forexben 579 days ago in USD, Technical, Daily made popular 578 days ago

# Bonds taking a cautiously positive start to the new trading week
Bonds in the US and Europe didn't really know which way to go at the start of the new trading week. Technical considerations prevailed. We expect more wait-and-see behaviour goin

Discuss

UK's Belt Tightened, Awaiting GDP Results

posted by forexben 579 days ago in USD, Technical, Daily made popular 578 days ago

With the G20 having passed and no real Earth shattering results, punters out there stayed in their caves overnight and the majors respected very tight ranges. Between now and the next FOMC meeting I would almost expect the equity market to be the

Discuss

China's Government Increases Fuel Prices By 3% To Calm The E

posted by forexben 579 days ago in USD, Technical, Daily

According to a statement that released today by the Asia's largest oil consumer, is showing that China's government increased retail fuel prices and diesel prices by 3%, as the government stimulus plans aims to calm the economy, while it wants to

Discuss

Technical Analysis for Major Currencies

posted by forexben 579 days ago in USD, Technical, Daily

As pointed out in our weekly report yesterday that 1.4085 will determine whether the harmonic pattern is flawless in resuming the correction for the 200% CD from BC leg; whereas the BC keg corrected 50% from the AB leg. Yesterday, we witnessed a

Discuss

UK Economy's Moment Of Truth With 3Q GDP

posted by forexben 579 days ago in USD, Daily made popular 578 days ago

Speculations, fears and worries will end today, with the release of the advanced growth figures from the royal kingdom, providing further validation that the recovery is sluggish and losing momentum and the economic slack remains relatively wide.

Discuss

Checking The Mighty Japanese Yen

posted by forexben 579 days ago in USD, JPY, Technical made popular 579 days ago

GBP/JPY Breaks Below 2010 Low

Day and 4H: The GBP/JPY was hammering at the 127.00 support last week.

The GBP/JPY pair broke below the 2010 low of 126.72 reaching as low as 126.43.

There wasn't the consolidation expected at this level, wh

Discuss

S&P Eyes 200-wk MA, More GBP Austerity, Scandi Rates

posted by forexben 579 days ago in USD, Fundamental, Daily made popular 579 days ago

USD attempts at regaining composure after Asian Monday sell-off on the lack of any concrete resolution among G20 regarding currencies especially given Geithner' unsurprising approval of the Fed' anticipated QE. Finance ministers agreed on the not

Discuss