- Wed, 08 Jun 2016 05:57:04 GMT
Paul Hollingsworth, UK Economist at Capital Economics, on ‘Brexit' and GBP
According to the latest polls conducted across the UK, the ‘Remain' campaign continues to strengthen its position among voters ahead of the June 23 referendum. Still, in your opinion, is there a chance that the UK will vote to leave the European Union or not? Why?[ANNOUNCE]While bookmakers' betting odds currently suggest that the UK will vote to remain in the
- Tue, 07 Jun 2016 13:33:07 GMT
Community Forecasts for June 6-10: GBP/USD 1W Chart
[ANNOUNCE] In course of the May 30—June 3 trading week, we could observe the Cable going down, despite the major positive maneuvers were seen at the beginning of the observed period.[/ANNOUNCE] The limited number of Dukascopy traders has expected such development to take place and was predicted only by 27.3% of all the votes. The average expectation for Friday was located
- Tue, 07 Jun 2016 08:12:16 GMT
GBP/USD attempts to climb over 1.45
The portion of orders to purchase the British currency edged lower from 67 to 45% Market sentiment remains bullish at 54% The nearest resistance is located around 1.4530 Rising support line and the 55-day SMA form support circa 1.4410 56% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Halifax HPI, US Revised Nonfarm Productivity, US
- Mon, 06 Jun 2016 14:43:03 GMT
Market Research: USD
[ANNOUNCE]The examined indexes notably widened their range of values compared to several previous weeks, adding some persistency to their movements. The main players above the baseline were the Kiwi's and the yen's gauges, both recovering from previous losses. The former was moving north during most of the week, picking up on late Monday and gaining momentum on Tuesday, fueled by
- Mon, 06 Jun 2016 09:15:32 GMT
GBP/USD to retest the up-trend
The portion of orders to acquire the British rose up to 67% Market sentiment remains bullish at 54% The nearest resistance is located around 1.4530 Rising support line and the 55-day SMA form support circa 1.44 57% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: US Labor Market Conditions Index, Fed Chair Yellen Speech, UK Halifax HPI,
- Fri, 03 Jun 2016 08:29:39 GMT
GBP/USD about to test neckline
49% of orders are buy and 51% are sell 54% of traders are long and 46% are short GBP/USD consolidates below the trend-line at 1.4430 Rising support line is at 1.4385 54% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Services PMI (May), US Average Hourly Earnings (May), Non-Farm Payrolls (May), Unemployment Rate (May), ISM Non-Manufacturing
- Thu, 02 Jun 2016 08:05:13 GMT
GBP/USD closes in on 1.43
51% of orders are to buy and 49% are to sell the Sterling Gap between the bulls and bears remains insignificant 200-hour SMA is the immediate resistance at 1.4580 Losses to be limited by 1.43 54% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Construction PMI (May), US ADP Non-Farm Employment Change (May), Unemployment Claims [ANNOUNCE]Regardless of
- Wed, 01 Jun 2016 07:51:43 GMT
GBP/USD at risk of forming double top
Sell orders exceed the buy ones: 61% versus 39% Still no consensus among SWFX traders: 46% are long and 54% are short Medium-term gains to be limited by 1.48 Major support circa 1.43 54% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Manufacturing PMI (May), US ISM Manufacturing PMI (May) [ANNOUNCE]There were no significant reports on the
- Tue, 31 May 2016 11:17:05 GMT
Community Forecasts for May 30- June 3: GBP/USD 1W Chart
[ANNOUNCE]The cable is trying to reach the 1.50-mark. This level was previously reached during the end of the previous year.[/ANNOUNCE] The overall trend is bullish, as the Sterling has been climbing higher versus the greenback since beginning of May. Therefore, the re-test of 1.50 was only a matter of time. Despite the relatively weak note, on which the new trading
- Tue, 31 May 2016 07:44:40 GMT
GBP/USD finds support at 1.46
There is no real difference between the numbers of buy and sell orders 47% of market participants are long and 53% are short Bullish target is the May high at 1.4770 200-hour SMA keeps providing strong support 54% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: US Chicago PMI (May), CB Consumer Confidence (May), Personal Spending (Apr),
- Mon, 30 May 2016 15:31:04 GMT
Market Research: USD
[ANNOUNCE]The British pound retained the leading position for the second week in a row. Nevertheless, the gap between the pound and its peers has narrowed, and GBP Index showed only a 1.38% gain. Meanwhile, after the BoC interest rate decision, the Loonie became the second best performer with a 0.92% growth, thus taking the Kiwi's place, which fell down to
- Mon, 30 May 2016 10:32:28 GMT
GBP/USD to stay under 1.48
Percentage of long positions increased from 43 to 46% Number of buy orders now exceeds the number of sell ones by 18 pp Immediate resistance is the accelerated trend-line at 1.4620 Nearest support is created by the 200-hour SMA at 1.4595 54% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: US Chicago PMI (May), CB Consumer Confidence
- Fri, 27 May 2016 08:32:51 GMT
GBP/USD still risks breaking the down-trend
The share of sell orders inched up from 52 to 58% 57% of traders are long the Sterling The nearest resistance is around 1.4715 Support is at 1.4668, represented by weekly R1 54% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: US Preliminary GDP, Reuters/Michigan Consumer Sentiment Index, Fed Chair Yellen Speech [ANNOUNCE]Thursday was the worst day for
- Thu, 26 May 2016 07:36:45 GMT
GBP/USD on the edge of breaking the 22-month resistance line
Sell orders are outnumbering the purchase ones by four percentage points 54% of all open positions are short The nearest resistance is around 1.4715 Support is at 1.4668, represented by weekly R1 57% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Second Estimate GDP, UK Preliminary Business Investment, US Durable and Core Durable Goods Orders,
- Wed, 25 May 2016 08:06:27 GMT
GBP/USD to undergo a correction
All pending orders are equally divided between the buy and the sell ones 56% of all open positions are short The nearest resistance is around 1.4685 Support is around 1.4505, represented by weekly PP and the 20-day SMA 61% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: US Markit Services PMI, US Crude Oil Inventories, UK
- Tue, 24 May 2016 14:38:04 GMT
Sterling outperforms Greenback on LSE
The British Pound grew around 1% against the US Dollar by 12:00 GMT on the London Stock Exchange on Tuesday, breaking the $1.46 level. The Treasury Select Committee provided a boost to the Sterling, as well as the chances of Britain voting to leave the EU in the June 23 referendum significantly fell.
- Tue, 24 May 2016 08:31:00 GMT
GBP/USD attempts to regain the bullish momentum
The number of sell orders surged from 51 to 55% 52% of traders now short the Pound The nearest resistance is around 1.45 Support is at 1.4430, represented by monthly PP 58% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Public Sector Net Borrowing, UK Inflation Report Hearings, US New Home Sales [ANNOUNCE]The British Pound began the
- Mon, 23 May 2016 15:33:17 GMT
Market Research: USD
[ANNOUNCE]The British pound became the undisputed leader of the previous week. While its peers fluctuated in the range between -1.2% and +1%, the GBP Index experienced an almost 3% growth, fueled by the Brexit poll data release. At the end of the week, however, there was a slight decline, and the measure entered the new period at 101.7 mark. The
- Mon, 23 May 2016 08:05:24 GMT
GBP/USD to undergo a correction
The portion of buy orders dropped from 61 to 49% 54% of traders are short the Pound The main resistance is around 1.47 Support is at 1.45, represented by weekly PP and the 20-day SMA 57% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: FOMC Member Bullard Speech, US Markit Manufacturing PMI, UK Public Sector Net Borrowing,
- Fri, 20 May 2016 11:57:04 GMT
Sterling trades lower against US Dollar on Friday
The British Pound traded 0.3% weaker against the Greenback by 11:15 GMT on the London Stock Exchange on Friday, despite strong fundamentals posted a couple of days ago. According to the data released on Thursday, Britain's retail sales grew 1.3% month-over-month in April, posting the first increase since January. Meanwhile, the recent poll posted a huge increase in the number
- Fri, 20 May 2016 08:24:26 GMT
GBP/USD attempts to remain above 1.46
The portion of buy orders slid from 66 to 61% 59% of traders hold short positions The main resistance is around 1.4660 Support is at 1.4602, represented by weekly R2 58% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK CB Industrial Order Expectations, FOMC Member Tarullo Speech, US Existing Home Sales [ANNOUNCE]A positive reading of the UK
- Thu, 19 May 2016 13:53:04 GMT
Sterling surges as UK retail sales data comes out
The Pound traded higher upon the positive UK retail sales data announcement, also being affected by a lower Brexit probability. The cable recovered on Thursday's trading session after losing value on Wednesday, when the Greenback was pushed up by the release of the FOMC minutes which suggested a possible rate hike in June.
- Thu, 19 May 2016 08:40:04 GMT
GBP/USD struggles to reclaim 1.46
The share of purchase orders edged up from 45 to 66% Bears now take up 53% of the market The main resistance is at 1.4597 Support is around 1.4485, represented by 20-day SMA and the weekly R1 64% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Retail Sales, US Philadelphia Fed Manufacturing Index, US Jobless
- Wed, 18 May 2016 09:55:08 GMT
Sterling continues losing streak after UK labour data on Wednesday
Latest United Kingdom's labour data published on Wednesday did not change GBP/USD currency pair's downfall. Jobless rate in UK stayed 5.1% in March and jobless claims number improved from 14,700 to negative 2,400. In addition, average weekly wages in March increased a little bit better, by 2% instead of 1.9% in February.