- Fri, 01 Jul 2016 08:07:33 GMT
GBP/USD in tight range between 1.32 and 1.35
The number of orders to buy the Sterling slid from 68 to 57% 60% of traders hold long positions The nearest resistance is located at 1.3819 Support is at 1.3230 59% of traders reckon GBP/USD will be at 1.44 or lower in three months Upcoming events: UK Manufacturing PMI, US ISM and Markit Manufacturing PMIs, US Construction Spending [ANNOUNCE]UK economy slowed in the first quarter,
- Thu, 30 Jun 2016 09:01:00 GMT
GBP/USD to continue climbing higher
68% of all pending orders are to acquire the Pound 54% of all open positions are long The nearest resistance is located at 1.3851 Support is around 1.3220 56% of traders reckon GBP/USD will be at 1.44 or lower in three months Upcoming events: UK Current Account, UK Final GDP, US Jobless Claims, Chicago PMI, BoE Governor Carney Speech, FOMC Member Bullard Speech [ANNOUNCE]U.K. mortgage
- Wed, 29 Jun 2016 08:23:29 GMT
GBP/USD attempts to surge again
The number of purchase orders increased from 54 to 57% 57% of all open positions are long The nearest resistance is located at 1.3851 Support is around 1.3360 50% of traders reckon GBP/USD will be at 1.44 or lower in three months Upcoming events: US Core PCE Price Index, US Personal Spending and Income, US Pending Home Sales, US Crude Oil Inventories, UK
- Tue, 28 Jun 2016 07:15:08 GMT
GBP/USD in limbo around June 24 low
60% of all open positions are long 54% of all pending orders are to purchase the British Pound The nearest resistance is located around 1.3445 Support is at 1.3230 58% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: US GDP Annualized, US CB Consumer Confidence, FOMC Member Powell Speech [ANNOUNCE]As reported by the US Census Bureau, there were
- Mon, 27 Jun 2016 08:50:14 GMT
GBP/USD continues to fall after Brexit
Market sentiment remains bearish at 53% 53% of all pending orders are to sell the British currency The nearest resistance is located around 1.3709 Support is around 1.3230 57% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: US Markit Services PMI, US Goods Trade Balance, US Final GDP, US CB Consumer Confidence, FOMC Member Powell Speech [ANNOUNCE]As reported
- Fri, 24 Jun 2016 08:37:30 GMT
GBP/USD slips to historical low
64% of all pending orders are to acquire the Sterling 56% of traders are long the British Pound The nearest resistance is located around 1.41 Support is around 1.39 51% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: BoE Governor Carney Speech, US Durable and Core Durable Goods Orders, US Revised UoM Consumer Sentiment [ANNOUNCE]As reported by the
- Thu, 23 Jun 2016 09:05:55 GMT
GBP/USD on the edge of breaking 23-month down-trend
The portion of orders to purchase the Sterling takes up 57% of the market Market sentiment is bearish at 58% The nearest resistance is located around 1.4750 The 200-day SMA and the weekly R2 form support at 1.4650 51% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: EU Membership Vote, US Jobless Claims, US New Home Sales,
- Wed, 22 Jun 2016 08:55:03 GMT
GBP/USD risks falling back under 1.46
85% of all pending orders are to sell the Pound 57% of all open positions are short The nearest resistance is located around 1.47 The weekly R2 forms support at 1.4631 52% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: Fed Chair Yellen Testimony, US Existing Home Sales, US Crude Oil Inventories [ANNOUNCE]The Sterling's bullish momentum was mostly
- Tue, 21 Jun 2016 10:52:04 GMT
Community Forecasts for June 20-24: GBP/USD 1W Chart
[ANNOUNCE]The GBP/USD had been falling sharply for some time since the Bank of England issued a fresh warning that uncertainty about the EU referendum this week threats knocking Britain's economic growth.[/ANNOUNCE] The officials again reiterated that Brexit could lead to inflation, which would increase largely on the back of a dramatic deprecation of the British currency, while the economic growth
- Tue, 21 Jun 2016 08:47:57 GMT
GBP/USD enjoys 1.47 area
The portion of sell orders increased from 56 to 62% 54% of all open positions are short The nearest resistance is located around 1.47 The weekly R2 forms support at 1.4631 50% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK Public Sector Net Borrowing, US Markit Services PMI, Fed Chair Yellen Testimony, FOMC Member Powell Speech [ANNOUNCE]Optimism
- Mon, 20 Jun 2016 14:49:09 GMT
Market Research: USD
[ANNOUNCE]The yen became the leader of the previous week, posting the second highest index growth, but holding above its peers throughout the period. The measure surged to the week's absolute high of 3.7 points after the BoJ interest rate decision, but fell back the following day, yielding the first place to the GBP Index. The latter rocketed to 101.75 points
- Mon, 20 Jun 2016 09:04:01 GMT
GBP/USD continues to edge higher
The share of sell orders increased from 43 to 56% 55% of traders hold long positions The nearest resistance is located at 1.4288 The weekly R1 and the monthly PP form resistance circa 1.4515 50% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK Public Sector Net Borrowing, Markit Services PMI, Fed Chair Yellen Testimony, FOMC
- Fri, 17 Jun 2016 08:15:24 GMT
GBP/USD attempts to negate weekly losses
The share of buy orders increased from 49 to 57% But market sentiment remains bullish at 62% The nearest resistance is located at 1.4288 The Bollinger band, the monthly S2 and the weekly S1 form support circa 1.4090 55% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: US Building Permits, US Housing Starts, UK Public Sector Net
- Thu, 16 Jun 2016 08:28:17 GMT
GBP/USD remains under pressure
The number of purchase orders in the 100-pip range edged down from 57 to 49% 64% of all open positions are now long The nearest resistance is located at 1.4288 The Bollinger band, the monthly S2 and the weekly S1 form support circa 1.41 54% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK Retail Sales, BoE
- Wed, 15 Jun 2016 14:43:11 GMT
Market Research: GBP
[ANNOUNCE]Worries over the ‘Brexit' referendum continued to weigh on the British pound, and its index finished the period below the baseline for the third week in a row. Meanwhile, the observed five trading days were hugely successful for the yen, whose measure posted an almost 2% gain. The JPY Index started to grow on Friday, after the positive Japanese Tertiary
- Wed, 15 Jun 2016 09:00:48 GMT
GBP/USD attempts to regain some value
57% of orders are to purchase the Sterling 65% of all open positions are long The nearest resistance is located around 1.4150 The Monthly S2 and the weekly S1 form support circa 1.4080 54% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK Average Earnings Index, UK Claimant Count Change, UK Unemployment Rate, US PPI and Core
- Tue, 14 Jun 2016 14:22:06 GMT
Community Forecasts for June 13-17: GBP/USD 1W Chart
[ANNOUNCE]The trading range is narrowing, however, it is too early to think about the breakout.[/ANNOUNCE] With a high level of confidence we can suggest the pair can be highly volatile during this month, especially keeping in mind upcoming Brexit referendum. Currently cable is trading near two month lows hitting multi-year lows since worries over a UK referendum on European Union
- Tue, 14 Jun 2016 08:36:06 GMT
GBP/USD still on the back foot
The share of purchase orders slid from 51 to 46% 62% of traders hold long positions The nearest resistance is located at 1.4288 The Bollinger band forms support circa 1.4226 55% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK CPI, UK PPI, UK RPI, US Retail and Core Retail Sales, US Import Prices [ANNOUNCE]The Sterling began the
- Mon, 13 Jun 2016 14:42:10 GMT
Market Research: USD
[ANNOUNCE]The past week appeared to be the period of the commodity currencies, as the appreciation area was largely dominated by the Loonie's, the Aussie's, and the Kiwi's gauges. The CAD Index was the first to break above its peers, gaining momentum as the oil prices went up. Afterwards, however, the gauge remained flat, and even with additional push from stronger-than-expected
- Mon, 13 Jun 2016 14:29:05 GMT
Sterling partly recovers from its daily losses
The British Pound managed to erase some of the daily losses by 14:10 GMT on the London Stock Exchange on Monday. Thus, the Sterling added about 40 pips against the US Dollar , trading at $1.4160. Still, the pair traded 0.60% lower on the day. According to the ORB poll 55% would vote to leave the European Union, whereas 45% would vote to
- Mon, 13 Jun 2016 08:20:35 GMT
GBP/USD remains subject to weakness
The share of buy orders slid from 57 to 51% Bulls take up 63% of the market The nearest resistance is located at 1.4288 The Bollinger band forms support circa 1.4258 56% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK CB Leading Index, UK CPI, UK PPI, UK RPI, US Retail and Core Retail Sales,
- Fri, 10 Jun 2016 08:20:03 GMT
GBP/USD struggles to preserve the ascending channel pattern
The number of purchase orders increased from 32 to 57% 56% of traders hold long positions The nearest resistance is located around 1.4537 The up-trend and the 55-day SMA form support circa 1.4435 53% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK Construction Output, US Preliminary UoM Consumer Sentiment, US Federal Budget Balance [ANNOUNCE]The British currency experienced
- Thu, 09 Jun 2016 07:08:20 GMT
GBP/USD attempts to maintain trade above 1.46
Sell orders take up 68% of the market 52% of all open positions are now long The nearest resistance is located around 1.4535 The up-trend and the 55-day SMA form support circa 1.4425 51% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK Goods Trade Balance, US Wholesale Inventories, US Jobless Claims, US Natural Gas Storage,
- Wed, 08 Jun 2016 07:22:14 GMT
GBP/USD muted during early trade
The share of sell orders slid from 55 to 51% 58% of traders are now long the Pound The nearest resistance is located around 1.4720 The 20-day SMA, the weekly and the monthly PPs form support circa 1.4540 56% of traders reckon GBP/USD will be at 1.46 or higher in three months Upcoming events: UK Industrial and Manufacturing Productions, UK NIESR GDP Estimate,