GBP/USD Articles

Daily Chart – GBPUSD 5/10/17 16:00 EST SupportResistanceS1: $1.3352R1: $1.3454S2: $1.3340R2: $1.3470S3: $1.3220R3: $1.3488 Essential Insights US Non-Farm Payroll numbers will dominate the news on Friday which will help determine cables next direction and potentially the next big movement. We will look to see the key support at 1.3220 holds,…

Hourly Chart – GBPUSD 3/10/17 14:00 EST SupportResistanceS1: $1.3352R1: $1.3454S2: $1.3340R2: $1.3470S3: $1.3220R3: $1.3488 Essential Insights An increase in the ISM Manufacturing PMI in the US last night added selling pressure to Cable, which is fast approaching the key support zone at 1.3220.  With US news dominating the latter part…

Hourly Chart – GBPUSD 26/9/17 05:05 GMT SupportResistanceS1: $1.3352R1: $1.3454S2: $1.3340R2: $1.3470S3: $1.3290R3: $1.3488 Essential Insights Last week’s upside momentum in Sterling has faded away as Cable moved lower. The Focus had moved across the Atlantic this week with Janet Yellen’s most recent speech stoking December rate rises hope for…

Daily Chart – GBPUSD 26/9/17 05:05 GMT SupportResistanceS1: $1.3470R1: $1.3566S2: $1.3354R2: $1.3594S3: $1.3400R3: $1.3620 Essential Insights Cable was largely range-bound either side of the weekend, following Theresa May’s Brexit speech in Florence. Ratings agency Moodys cut the UK’s credit rating from AAA to Aa2 late that afternoon. However, this was…

Daily Chart – GBPUSD 21/9/17 04:30 GMT SupportResistanceS1: $1.3483R1: $1.3566S2: $1.3350R2: $1.3594S3: $1.3300R3: $1.3620 Essential Insights Wednesdays run up to $1.3607 proved to be short-lived but it served to show just how sensitive Sterling is to positively interpreted UK data. Post the UK retail sales number, the emphasis switched to…

Daily Chart – GBPUSD 19/9/17 03:50 GMT SupportResistanceS1: $1.3480R1: $1.3566S2: $1.3350R2: $1.3594S3: $1.3300R3: $1.3620 Essential Insights Weak wage growth data damped down UK rate rise expectations last Thursday. Hawkish comments on Friday by a BOE “dove”, Gertjan Vlieghe sent Sterling soaring to $1.3618. Falling disposable income and London house prices have…

Daily Chart – GBPUSD 6/9/17 23:00 GMT SupportResistanceS1: $1.3168R1: $1.3224S2: $1.3116R2: $1.3251S3: $1.3082R3: $1.3267 Essential Insights Sterling added +1.9% or some 287 pips vs the US Dollar last week and traded back to as high as $1.3224. Whilst the dollar was undeniably weak, Sterling also made headway against the Euro,…

Daily Chart – GBPUSD 6/9/17 23:00 GMT SupportResistanceS1: $1.2966R1: $1.3050S2: $1.2930R2: $1.3062S3: $1.2853R3: $1.3082 Essential Insights Sterling pushed through round-number resistance against the US dollar on Tuesday and closed above $1.30 for the first time since Aug 14th. It’s tempting to write this move off as purely a function of…

GBP/USD 1.2918 29/08/2017 SupportResistanceS1 $1.2874R1 $1.2917S2 $1.2840R2 $1.2947S3 $1.2770R3 $1.2979 Essential Insights Cable has rallied from its recent lows circa $1.2770 but has been unable to move back through $1.30 held back by a combination of concerns over Brexit, market positioning and the relative performance of the Euro.  Technicals GBP…

The headlines from the eurozone started to dominate the markets once again. The European crisis is far from solved and those concerns are weighing on the market. Commodity currencies have been resilient lately but risk sentiment is very fragile and very volatile. AUD and NZD will probably follow EUR and…

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Yesterday the EUR/USD pair fell sharply after the European Central Bank cut its benchmark interest rate from 1.00% to 0.75% (ECB also cut deposit rate to 0.0% from 0.25% and refinancing rate to 0.75% from 1%). Indeed this rate cut was priced in. However, investors were expecting for other policy…

The markets took a deed breath after pro-bailout parties won a majority in the Greek election, averting the possibility of the country’s imminent exit from the eurozone. Official projections show that parties supporting the bailout will have enough seats to control parliament. Forex investors viewed the Greek election as a…

Despite initial enthusiasm over the EU aid package for Spain agreed over the weekend, forex market participants do not want to take huge risks ahead of weekend Greek elections that could result in Greece exiting the eurozone. Rising scepticism over a €100 billion eurozone bailout for Spain’s troubled banks pushed…

The euro lost ground against the greenback after Federal Reserve Chairman Ben Bernanke disappointed investors looking for a clear signal of further U.S. monetary stimulus. Big move during the last was a result of expectations for another round of quantitative easing but what Mr. Bernanke said yesterday was probably not…

EUR/USD Technical Analysis After S&P lowered its long-term ratings on nine eurozone sovereigns, the bears manage to take the reigns and pushed EUR/USD back to 1.2625 zone. The pair closed the week at 1.2682. Price is also currently slightly above an important support at 1.02660, which once broken will signal…