There is little convincing acknowledgements to prove that this pair - in process of the shaping the top: the price nearly concerns 200 Day MA, she reached the old level of the wave 4 smaller degrees total completion place for wave 4 countertrend push; 2-I leg to whole correction, which began in Can fall, - Fibonacci 2.618 first leg; and average length of time forecast for wave 4 counter. As soon as decline to begin, he could send the price such low as 1.5050.
Drilling down to a lower timescale it seems there may be one last wave up on the hourly chart before a substantial decline. This may take prices to the 1.5550s. The early downward pressure this morning, however, indicates there could be a sideways corrective phase before the start of the last wave up.
Showing posts with label GBP/USD. Show all posts
Showing posts with label GBP/USD. Show all posts
2010-07-22
U.K. The Pound Increases Against Dollar as U.K. Rhythm of the RETAIL SALES Values - 22/07/2010
U.K. The Pound Increases Against Dollar as U.K. Rhythm of the RETAIL SALES Values - 22/07/2010
The Pound declared big increase for week against dollar after message shown U.K. The June retail sales rose more, than predicted economist, damping enxiety that economy could slide back into decline.
The Sterling also increased against euro. The Sellouts rose 0.7 percent at month, Office for National Statistics has said in London today. The Economists on examination Bloomberg predicted 0.5 percent of the increase. THE SHARES U.K advanced their European analogue after growing in service Europe s and producing production unexpectedly sped;speeded up in July.
The Redistributed numbers were very eager, said Paul Mackel, director to exchange strategy in Contribution HSBC Plc in London. European installation data was strangely strong and pound goes the coattails.
The Pound gave 0.8 percent before $1.5289 according to 11:44 a.m. in London, after more early climbing 0.9 percent, big increase since 15 July. British currency valued 0.1 percent in 84.16 pence for euro.
The Sterling can rise before $1.62 at the end of the year, Mackel has said. The Estimation median 37 forecasts of the analyst compiled Bloomberg - for currency to finish 2010 in $1.47.
U.K. 10- year state obligations little were changed, wiping earlier increase. The Product was in 3.35 percent after such low as 3.31 percent. Two year products were in 0.8 percent.
Actions Politicians
The Gilt rose after Federal Reserve Chairman Ben Searlier. Bernanke said yesterday economic standpoint uncommonly vague and manufacturers politicians are prepared to take the further actions politicians. The Minute of the Bank last politicians England s, meeting released yesterday shown that representatives considered increase the measures of the stimulus.
The Central bank U.K s saved the checking factor of the interest on record low level 0.5 percent yesterday and supported the asset- aquisition of the program in 200 milliard pounds. The Bank considered to weaken the politician as protocol of the softening at the average period outlook for growing GDP last month must place to promote downwards pressure in inflations as soon as influence of the temporary factors has waned, shown.
The Central banks can t exclude the possibility more stimulus, said Orlando Green, interest-factor of the strategist in Credit Agricole Corporative & Investment Bank in London.
The Gilt returned 5.8 percent this year, in contrast with increase 3.1 percent for obligations in euro area, depending on that indexes were compiled Bloomberg and European Federation Financial Society Analyst. The German debt rose 6.6 percent, indexes shown.
The Investors reduced the bet in Bank of the England, raising factors this year. The Product in short-sterling contract future during December carrion to one base point on 0.85 percent.
Currency Britain s has gained 5 percents against euro this year on suggestion that economy U.K will restore faster than euro area.
THE GROSS internal product U.K probably rose 0.6 percent during three months on June, twice rate preceding fourth, according to forecast median 32 economists polled Bloomberg before tomorrow s version.
The Pound declared big increase for week against dollar after message shown U.K. The June retail sales rose more, than predicted economist, damping enxiety that economy could slide back into decline.
The Sterling also increased against euro. The Sellouts rose 0.7 percent at month, Office for National Statistics has said in London today. The Economists on examination Bloomberg predicted 0.5 percent of the increase. THE SHARES U.K advanced their European analogue after growing in service Europe s and producing production unexpectedly sped;speeded up in July.
The Redistributed numbers were very eager, said Paul Mackel, director to exchange strategy in Contribution HSBC Plc in London. European installation data was strangely strong and pound goes the coattails.
The Pound gave 0.8 percent before $1.5289 according to 11:44 a.m. in London, after more early climbing 0.9 percent, big increase since 15 July. British currency valued 0.1 percent in 84.16 pence for euro.
The Sterling can rise before $1.62 at the end of the year, Mackel has said. The Estimation median 37 forecasts of the analyst compiled Bloomberg - for currency to finish 2010 in $1.47.
U.K. 10- year state obligations little were changed, wiping earlier increase. The Product was in 3.35 percent after such low as 3.31 percent. Two year products were in 0.8 percent.
Actions Politicians
The Gilt rose after Federal Reserve Chairman Ben Searlier. Bernanke said yesterday economic standpoint uncommonly vague and manufacturers politicians are prepared to take the further actions politicians. The Minute of the Bank last politicians England s, meeting released yesterday shown that representatives considered increase the measures of the stimulus.
The Central bank U.K s saved the checking factor of the interest on record low level 0.5 percent yesterday and supported the asset- aquisition of the program in 200 milliard pounds. The Bank considered to weaken the politician as protocol of the softening at the average period outlook for growing GDP last month must place to promote downwards pressure in inflations as soon as influence of the temporary factors has waned, shown.
The Central banks can t exclude the possibility more stimulus, said Orlando Green, interest-factor of the strategist in Credit Agricole Corporative & Investment Bank in London.
The Gilt returned 5.8 percent this year, in contrast with increase 3.1 percent for obligations in euro area, depending on that indexes were compiled Bloomberg and European Federation Financial Society Analyst. The German debt rose 6.6 percent, indexes shown.
The Investors reduced the bet in Bank of the England, raising factors this year. The Product in short-sterling contract future during December carrion to one base point on 0.85 percent.
Currency Britain s has gained 5 percents against euro this year on suggestion that economy U.K will restore faster than euro area.
THE GROSS internal product U.K probably rose 0.6 percent during three months on June, twice rate preceding fourth, according to forecast median 32 economists polled Bloomberg before tomorrow s version.
2010-07-20
Free forex signals and comment Forex for eur/usd and gbp/usd on 21/07/2010!
EUR/USD intraday: the upside prevails.
Pivot: 1.2955.
My Preference: LONG positions @ 1.2965 with 1.307 & 1.315 in sight.
Alternative scenario: The downside breakout of 1.2955 will open the way to 1.2875 & 1.2825.
Comment Forex: the pair remains in a bullish channel. The upside breakout of 1.30 opened the way towards 1.3070 initially.
Trend: ST Ltd Upside; MT Range
GBP/USD intraday: towards 1.537
Pivot: 1.5245.
My Preference: LONG positions @ 1.5255 with 1.534 & 1.537 as next targets.
Alternative scenario: The downside breakout of 1.5245 will open the way to 1.521 & 1.5145.
Comment Forex: the pair bounced of its 50% retracement area of the last up move. Intraday technical indicators are calling for further advance.
Pivot: 1.2955.
My Preference: LONG positions @ 1.2965 with 1.307 & 1.315 in sight.
Alternative scenario: The downside breakout of 1.2955 will open the way to 1.2875 & 1.2825.
Comment Forex: the pair remains in a bullish channel. The upside breakout of 1.30 opened the way towards 1.3070 initially.
Trend: ST Ltd Upside; MT Range
GBP/USD intraday: towards 1.537
Pivot: 1.5245.
My Preference: LONG positions @ 1.5255 with 1.534 & 1.537 as next targets.
Alternative scenario: The downside breakout of 1.5245 will open the way to 1.521 & 1.5145.
Comment Forex: the pair bounced of its 50% retracement area of the last up move. Intraday technical indicators are calling for further advance.
2010-07-12
Fundamental analysis GBP for last week!
The cross of GBP/USD was interesting thanks to the ranging trades last week. The result changed every day, though the general impressions favored the Sterling’s advance. However, the weekly totals stated the US Dollar gain as the Friday trades provided the profit for the American currency when the “cable” incurred massive sales-offs. The weekly ambiguity obviously turned into the diffidence. The prospects of the British economy don’t obviously encourage the market to expect the development of the positive economic tendencies in the “Isles” by reason of the governmental plans of expenditures’ cut. Moreover, the indicators start to demonstrate the declining tendencies. The British services’ activity slid down to the minimum since August 2009. The opinion polls stated high apprehensions of the new wave of recession in the British business. The British trading balance worsened, while the deficits grew up. The producers’ transfer prices showed downgrading in June in Great Britain. Despite all above mentioned, the forecasts of various researching institutions encourage the expectations of further raise. For example, the British Institute of NIESR predicts the national economic increase for 0.7% in the 3rd quarter. Furthermore, the British Chamber of Commerce foresees positive perspectives basing upon the good orders’ balance for the former quarter. The British economic news is going to be rich for essential data this week. These publications are starting even today already. The first of all should be the data on GDP of the 1st quarter, which publicizing was postponed earlier. The forecast predicts the maintenance of the advance values of 0.3% q/q and -0.2% y/y.
Also, the quarter information about the payment balance is to be represented with the rapid increase of the deficit from -1.7 Billion to -4.5 Billion of pound probably. Of course, it can’t be a good reason for the positive attitude to the British currency by any means. Later on, the statistics will show the June tempos of the consumer prices’ increase, which are presumed slowing down the 2nd month running together with the home prices, which indexes should state the sagging down as well in accordance with the RICS data.
Finally, the data on the unemployment in the “Isles” are also planned to be published. This indicator is expected to show the shortage of the jobless receiving the redundant payment. Reasoning from the forecasts, it’s reasonable to presume the lack of support for the Sterling together with high probability of its return to suppression most likely.
Also, the quarter information about the payment balance is to be represented with the rapid increase of the deficit from -1.7 Billion to -4.5 Billion of pound probably. Of course, it can’t be a good reason for the positive attitude to the British currency by any means. Later on, the statistics will show the June tempos of the consumer prices’ increase, which are presumed slowing down the 2nd month running together with the home prices, which indexes should state the sagging down as well in accordance with the RICS data.
Finally, the data on the unemployment in the “Isles” are also planned to be published. This indicator is expected to show the shortage of the jobless receiving the redundant payment. Reasoning from the forecasts, it’s reasonable to presume the lack of support for the Sterling together with high probability of its return to suppression most likely.
2010-07-05
Comment, recommendations, signals for forex traiders - currency GBP/USD intraday
GBP/USD intraday: expect 1.523.
Pivot: 1.513
MY preference: Long positions above 1.513 with targets @ 1.523 & 1.5285 in extension.
Alternative scenario: Below 1.513 look for further downside with 1.51 & 1.505 as targets.
Comment: the pair is standing above its support, the RSI lacks downward momentum.
Pivot: 1.513
MY preference: Long positions above 1.513 with targets @ 1.523 & 1.5285 in extension.
Alternative scenario: Below 1.513 look for further downside with 1.51 & 1.505 as targets.
Comment: the pair is standing above its support, the RSI lacks downward momentum.
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