- Wed, 18 May 2016 08:44:09 GMT
GBP/USD on the edge of falling back under 1.44
The number of orders to sell the British currency declined from 71 to 55% 52% of traders are long the Sterling The main resistance is around 1.4482 Support is around 1.4420, represented by the weekly and the monthly PPs 65% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK Average Earnings Index, UK Claimant Count Change,
- Tue, 17 May 2016 12:05:10 GMT
Community Forecasts for May 16 - 20: GBP/USD 1W Chart
[ANNOUNCE]The cable posted same movement as its counterpart EUR/USD since similar tendency was developing over the last week.[/ANNOUNCE] Volatility has been minimal for the first part of the week and even the latest UK manufacturing data failed to change the mood of the instrument. Meanwhile, the UK manufacturing production for March slipped to -1.9% year-on-year, but accelerated from -0.9% to
- Tue, 17 May 2016 07:15:30 GMT
GBP/USD attempts to retake 1.45
The share of sell orders take up 71% of the market 51% of all open positions are now short The target resistance is around 1.4482 Support is around 1.4340, represented by the 55 and the 100-day SMAs 62% of traders reckon GBP/USD will be at 1.46 or lower in three months Upcoming events: UK CPI, UK PPI, UK RPI, US Building Permits, US
- Mon, 16 May 2016 15:53:15 GMT
Market Research: USD
[ANNOUNCE]While the range of the observed moves notably narrowed from the previous week, some indexes still managed to deviate from the tightly-packed majority. The most prominent of such exceptions was the yen's gauge, which opened the period by dropping more than 0.5% below the baseline after the BoJ minutes weighted on inflation target, backing the negative rate policy. On Tuesday,
- Mon, 16 May 2016 08:01:41 GMT
GBP/USD to undergo a correction
The share of sell orders takes up 63% of the market 57% of traders are long the Sterling today The weekly and the monthly PPs form resistance around 1.4420 Support is around 1.4335, represented by the 55 and the 100-day SMAs 62% of traders reckon GBP/USD will be at 1.44 or lower in three months Upcoming events: US Empire State Manufacturing Index, US
- Fri, 13 May 2016 10:21:12 GMT
Pound depreciates against US Dollar on Friday
On Thursday, the Sterling appreciated against the Greenback and rallied above the 1.45 dollar level, but fell soon afterwards around 100 pips on Friday. The UK currency lost 0.3% against the Buck and was trading at 1.4413 dollars by 8:45 GMT. Important US data on retail sales, producers' prices and consumer sentiment is due to be released on Friday that
- Fri, 13 May 2016 08:31:18 GMT
GBP/USD risks falling under 1.44
The number of orders to sell the US Dollar edged lower from 56 to 53% 60% of traders hold long positions today The 20-day SMA forms resistance around 1.4467 Support is at 1.4430, represented by the monthly PP 64% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: US Retail and Core Retail Sales, US PPI, US Core
- Thu, 12 May 2016 08:31:41 GMT
GBP/USD poised for more gains
The share of buy orders declined from 54 to 44% 60% of traders hold long positions The 20-day SMA forms resistance around 1.4453 Support is at 1.4427, represented by the monthly PP 66% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: BoE Inflation Report, UK Monetary Policy Summary, BoE Official Bank Rate, Asset Purchase Facility, BoE
- Wed, 11 May 2016 08:57:45 GMT
GBP/USD in limbo ahead of UK manufacturing data
The share of buy orders surged from 45 to 54% 55% of traders are long the Pound The weekly PP forms resistance around 1.4538 Support is around 1.440, represented by the 20-day SMA and the monthly PP 69% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: UK Manufacturing Production, UK Industrial Production, UK NIESR GDP Estimate, US
- Tue, 10 May 2016 16:22:08 GMT
Community Forecasts for May 9 - 13: GBP/USD 1W Chart
[ANNOUNCE]Throughout the week ended May 6, the GBP/USD was trading in a depressive manner, with major spike at the beginning of the period and steep decline on Friday. Both currencies were affected by economic announcements as well as upcoming referendums.[/ANNOUNCE]On Monday, the pound harshly dropped from its 4—month highs due to the disappointing PMI release. The UK manufacturing PMI slowed
- Tue, 10 May 2016 07:30:45 GMT
GBP/USD reluctant to drop under 1.44
The share of sell orders rose from 54 to 55% 57% of traders hold long positions The 20-day SMA and the monthly PP form resistance around 1.4430 Support is around 1.4372, represented by the 100-day SMA 63% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: UK Goods Trade Balance, FOMC Member Dudley Speech, US JOLTS Job Openings,
- Mon, 09 May 2016 17:02:18 GMT
Market Research: USD
[ANNOUNCE]The past week proved to be another period of weak commodity currencies, though this time the oil prices were not the main driving force behind the descend. The RBA's decision to cut interest rate managed the Aussie's gauge to tumble below 99.0 points on Tuesday, and the monetary policy statement released on Friday pushed the index lower still, putting the
- Mon, 09 May 2016 09:43:41 GMT
GBP/USD to regain the bullish momentum
The number of orders to sell the Sterling increased from 47 to 54% 58% of all open positions are long The 20-day SMA forms resistance around 1.4424 Support is around 1.44, represented by the monthly PP and the 100-day SMA 63% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: US Labor Market Conditions Index, UK Goods Trade
- Fri, 06 May 2016 08:07:33 GMT
GBP/USD risks stabilising under 1.45
The share of purchase orders surged from 48 to 53% 61% of traders are now long the Pound The weekly PP forms resistance at 1.4563 Support is around 1.4440, represented by the weekly S1, the monthly PP and the 20-day SMA 63% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: US Average Hourly Earnings, US Non-Farm Payrolls,
- Thu, 05 May 2016 08:51:35 GMT
GBP/USD on the edge of falling under 1.45
The portion of orders to acquire the British currency takes up 48% of the market 58% of all open positions are now long The weekly PP forms resistance at 1.4563 Support is around 1.4440, represented by the weekly S1 and the monthly PP 60% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: UK Services PMI, US
- Wed, 04 May 2016 08:07:28 GMT
GBP/USD attempts to retake 1.46
The portion of buy orders edged lower from 51 to 47% Traders' sentiment takes up 54% of the market The weekly PP forms resistance at 1.4563 Support is around 1.4440, represented by the weekly S1 and the monthly PP 62% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: UK Construction PMI, US ADP Non-Farm Employment Change, US
- Tue, 03 May 2016 16:32:06 GMT
Community Forecasts for May 2 - 6: GBP/USD 1W Chart
[ANNOUNCE]The cable is trying to reach the 1.47 mark, the level which was previously ticked in the previous year.[/ANNOUNCE] The overall trend is bullish, as the Sterling has been climbing higher versus the greenback since beginning of April. Therefore, the re-test of 1.47 is only a matter of time. On Tuesday, April 26, the Pound received a strong bullish bias
- Tue, 03 May 2016 07:43:50 GMT
GBP/USD takes another shot at retaking 1.47
The portion of orders to purchase the Pound increased from 44 to 51% Bears keep outnumbering the bulls by four percentage points The weekly PP forms support at 1.4563 Resistance is around 1.4740, represented by the Bollinger band and the weekly R1 61% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: UK Manufacturing PMI, FOMC Member Mester
- Mon, 02 May 2016 15:15:09 GMT
Market Research: USD
[ANNOUNCE]The main market drivers of the past week were the central banks, with their decisions or expectations of thereof causing a number of sharp reactions from the observed indexes. The first such response came on early Wednesday, when weak CPI numbers increased the odds of a rate cut from the RBA and pushed the Aussie's gauge to tumble below 99.0
- Mon, 02 May 2016 07:32:36 GMT
GBP/USD attempts to climb over 1.46
The portion of orders to sell the Pound edged lower from 65 to 56% 52% of all open positions are short The weekly PP forms support at 1.4563 Resistance is around 1.4710, represented by the Bollinger band and the weekly R1 59% of traders reckon GBP/USD will be at 1.44 or higher in three months Upcoming events: US Markit Manufacturing PMI, US ISM