- Tue, 30 Aug 2016 06:53:02 GMT
GBP/USD struggles to remain above 1.31
The number of purchase orders slid from 55 to 48% There are 53% of traders holding short positions The nearest support is at 1.31 Immediate resistance is around 1.3160 51% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: UK Net Lending to Individuals, US CB Consumer Confidence, GfK Consumer Confidence [ANNOUNCE]The Federal Reserve's favourite measure of inflation held
- Mon, 29 Aug 2016 08:05:44 GMT
GBP/USD to remain above 1.31 today
The share of purchase orders dropped from 58 to 55% 56% of traders have a negative outlook towards the Cable The nearest support is at 1.31 Immediate resistance is around 1.3160 52% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: US Core PCE Price Index, US Personal Spending and Income, UK Net Lending to Individuals [ANNOUNCE] The UK economy
- Fri, 26 Aug 2016 07:47:01 GMT
GBP/USD attempts to reclaim 1.32
The portion of orders to acquire the British Pound increased from 44 to 58%. 58% of all open positions are short The nearest support is at 1.3170 Immediate resistance is around 1.3222 52% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: UK GDP Second Estimate, UK Preliminary Business Investment, US GDP Annualized, US Goods Trade Balance, Fed Chair
- Thu, 25 Aug 2016 08:12:46 GMT
GBP/USD in limbo ahead of US data
The share of sell orders declined from 61 to 56% 56% of all open positions are short The nearest support is at 1.3222 Immediate resistance is around 1.3350 52% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: US Durable and Core Durable Goods Orders, US Jobless Claims, US Markit Services PMI [ANNOUNCE] Existing home sales in the United States
- Wed, 24 Aug 2016 08:07:01 GMT
GBP/USD to make a U-turn
The portion of orders to sell the Cable increased from 59 to 61% Bears now take up 53% of the market The nearest resistance is at 1.3222 Immediate support is at 1.3170 53% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: US HPI, US Existing Home Sales, US Crude Oil Inventories, US Durable and Core Durable Goods Orders,
- Tue, 23 Aug 2016 06:42:41 GMT
GBP/USD to put weekly PP to the test
54% of traders being long the Sterling The share of sell orders remains unchanged at 59% The nearest resistance is at 1.3170 Immediate support is at 1.3105 53% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: US New Home Sales, US Markit Manufacturing PMI, US Existing Home Sales, US Crude Oil Inventories [ANNOUNCE]Britain's retail sales rose more than expected
- Mon, 22 Aug 2016 06:45:07 GMT
GBP/USD trades in murky waters
The number of sell orders edged up from 45 to 59% 57% of all open positions are long The nearest resistance is around 1.3100 Immediate support is at 1.3044 51% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: US New Home Sales, US Existing Home Sales [ANNOUNCE]Britain's retail sales rose more than expected last month, fresh data from the
- Fri, 19 Aug 2016 06:01:35 GMT
GBP/USD to remain at a two-week high
The portion of buy orders edged up from 39 to 55% 56% of traders hold long positions The nearest resistance significant resistance is at 1.3238 Immediate support is at 1.3170 54% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: UK Public Sector Net Borrowing, US New Home Sales [ANNOUNCE]Britain's retail sales rose more than expected last month, fresh data
- Thu, 18 Aug 2016 06:36:17 GMT
GBP/USD in limbo between 1.30 and 1.31
The number of orders to sell the Sterling inched up from 46 to 61% The portion of bulls rose from 58 to 59% The nearest resistance significant resistance is at 1.31 Immediate support is at 1.2975 53% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: UK Retail Sales, Philadelphia Fed Manufacturing Index, US Jobless Claims, FOMC Member Dudley
- Wed, 17 Aug 2016 05:46:27 GMT
GBP/USD risks falling back under 1.30
The share of buy orders slid from 57 to 54% 58% of all open positions are long The nearest resistance is the weekly R1 around 1.3110 Immediate support is at 1.3046 50% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: UK Average Earnings Index, UK Claimant Count Change, UK Unemployment Rate, US Crude Oil Inventories, FOMC Meeting Minutes,
- Tue, 16 Aug 2016 05:57:31 GMT
GBP/USD attempts to reclaim 1.29
The share of buy orders remains unchanged at 57% 69% of traders hold long positions The nearest resistance is the weekly PP at 1.2975 Support is around 1.2850 51% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: UK CPI, UK PPI Input, UK RPI, US Building Permits, US CPI and Core CPI, US Housing Starts, US Capacity Utilization
- Mon, 15 Aug 2016 06:28:59 GMT
GBP/USD on the edge of falling under 1.29
The share of orders to acquire the Sterling increased from 36 to 57% 67% of all open positions being long The nearest resistance is the weekly PP at 1.2975 Support is around 1.2870 51% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: Empire State Manufacturing Index, NAHB Housing Market Index, UK CPI, UK PPI Input, UK RPI, US
- Fri, 12 Aug 2016 07:05:42 GMT
GBP/USD risks falling deeper down
The portion of orders to sell the Pound returned to its Wednesday's level of 64% 64% of all open positions are long today Expect a sell-off from 1.3170 Support is around 1.2925 53% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: US Retail and Core Retail Sales, US PPI and Core PPI, Reuters/Michigan Consumer Sentiment [ANNOUNCE] According to the
- Thu, 11 Aug 2016 05:57:44 GMT
GBP/USD struggles to remain above 1.30
72% of all pending orders are to buy the Sterling Bulls now take up 55% of the market Expect a sell-off from 1.3170 Support is around 1.2950 53% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: US Jobless Claims, US Import Price Index, US Mortgage Delinquencies, US Retail and Core Retail Sales, US PPI and Core PPI, Reuters/Michigan
- Wed, 10 Aug 2016 06:31:07 GMT
GBP/USD finds support at 1.30
The share of sell orders increased from 62 to 64% Bulls are outnumbering the bears by 4% points Expect a sell-off from 1.3170 Support is around 1.2960 51% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events: US JOLTS Job Openings, US Crude Oil Inventories, US Monthly Budget Statement, US Initial Jobless Claims, US Import Prices, US Mortgage Delinquencies [ANNOUNCE]
- Tue, 09 Aug 2016 06:45:23 GMT
GBP/USD continues to edge lower
The share of sell orders fell from 63 to 62% 55% of all open positions are long today Expect a sell-off from 1.3075 Current target is 1.2965 51% of traders reckon GBP/USD will be at 1.30 or higher in three months Upcoming events on Tuesday: UK Manufacturing Production, UK Goods Trade Balance, UK Industrial Production, UK NIESR GDP Estimate, US Unit Labour Costs, Non-Farm Productivity [ANNOUNCE]As
- Mon, 08 Aug 2016 08:55:04 GMT
GBP/USD heads towards 1.28
"Given our more hawkish view that the Fed will deliver a rate hike in September, we think there is a lot of room on the downside and target $1.24 in cable." - BNP Paribas (based on Reuters)Pair's Outlook [ANNOUNCE]The immediate outlook on the Cable is bearish, as the currency pair once again failed to break through supply at 1.33 last week.[/ANNOUNCE]
- Mon, 08 Aug 2016 07:55:34 GMT
GBP/USD heads towards 1.28
Share of sell orders is considerably higher than the share of buy orders: 63 and 37% respectively Amounts of long and short positions are nearly equal Expect a sell-off from 1.3080 Current target is 1.28 59% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events on Tuesday: UK Manufacturing Production, US Unit Labour Costs, Non-Farm Productivity [ANNOUNCE]As markets expected, the
- Fri, 05 Aug 2016 08:09:10 GMT
GBP/USD plummets under 1.32
"The committee is endorsing the very dovish market path, whereby bank rate goes to 0.1 percent and that's the natural point to think where the rate might be headed."- Chris Hare, Investec (based on Bloomberg) Pair's Outlook [ANNOUNCE]A more dovish tone from the BOE pushed the price further away from 1.3350 and below 1.32, which we expected to hold.[/ANNOUNCE] Nevertheless, support at
- Fri, 05 Aug 2016 07:34:51 GMT
GBP/USD plummets under 1.32
Share of sell orders grew from 60 to 66% 50% of traders and long and 50% are short Pair is well-positioned for a recovery to 1.32 Floor is seen at 1.31 59% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: UK Halifax HPI, US Non-Farm Payrolls, Average Hourly Earnings, Unemployment Rate [ANNOUNCE]As markets expected, the Bank of England (BoE)
- Thu, 04 Aug 2016 08:55:05 GMT
GBP/USD retreats from 1.3350
"There is enough evidence on the negative shock to the economy that some easing is justified."- Investec (based on Reuters) Pair's Outlook [ANNOUNCE]GBP/USD trades lower today in anticipation of the BOE's decision on the interest rate. [/ANNOUNCE]Nevertheless, from a technical perspective the currency pair retains a good chance to resume Tuesday's rally, as it has recently broken out of the triangle to
- Thu, 04 Aug 2016 08:04:16 GMT
GBP/USD retreats from 1.3350
Share of sell orders is 20 pp higher than the share of buy orders Bulls and bears are equal in numbers Target is the trend-line at 1.3260. Strong resistance at 1.3350 59% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: BOE Inflation Report, Official Bank Rate, Carney Speech, US Unemployment Claims, Factory Orders [ANNOUNCE]Activity in Britain's services sector dropped
- Wed, 03 Aug 2016 08:04:08 GMT
GBP/USD surges to 1.3350; is prepared for more
"Everyone had been quite positive on the dollar going into the FOMC and it didn't really deliver, so there's been a subsequent leakage of positions ever since."- Altana (based on Reuters) Pair's Outlook [ANNOUNCE]Yesterday's UK construction PMI was enough of a catalyst to push the Cable out of the triangle. As a result of a positive surprise,[/ANNOUNCE] the rate has already touched upon
- Wed, 03 Aug 2016 07:25:05 GMT
GBP/USD surges to 1.3350; is prepared for more
Gap between the buy and sell orders is insignificant Still no difference between the number of bulls and bears Our intra-day target is 1.3240 Strong resistance around 1.3350 59% of traders reckon GBP/USD will be at 1.30 or lower in three months Upcoming events: UK Services PMI, US ISM Non-Manufacturing PMI, ADP Non-Farm Employment Change, Crude Oil Inventories [ANNOUNCE]Britain's construction PMI index faced its steepest downturn