GBP/USD

Forex Trading - GBP/USD Short-Term View (CLICK FOR CHART)

Alex Chernomordin — Tue, 02 Sep 2008 01:47:08 -0400

Trying to catch a falling spear here in the form of the GBP/USD can be a tricky proposition, particularly with the exaggerated moves lower the Cable has made over the last month. That being said the short-term perspective can provide some opportunities as the market and economic pictures should begin to clear up with the summer coming to an end. Reviewing the Cable on the 1 minute chart we notice a a channel developing with some short-term support and resistance levels coming into play, without much significant data due out before the NY open, we will pay close attention to the development of this channel. Note the support and resistance levels on the chart below.

Forex Trading - Cable Lower on Retail Sales

Alex Chernomordin — Thu, 24 Jul 2008 06:35:31 -0400

The Cable chart featured below shows the GBP/USD pair trading in a downward channel since July 15th highs, last seen in late March. A weak Retail Sales report today was the culprit for this session's sell off, but the downward channel has held off potential rebounds back toward the highs all week long. It will be interesting to see the currency pair's price action as it approaches support and the 200 day moving average directly below it.

Forex Trading: Sterling respecting resistance stays offered...

Michael FX — Wed, 21 May 2008 05:48:48 -0400

Sterling respecting resistance stays offered, entering into what appears to be a consolidation patttern. Techs currently are indicating that it may return to the bottom level of the consolidation pattern.

Forex Trading: Sterling very bid with USD seeing a strong offer in EUR/USD...

Michael FX — Tue, 20 May 2008 06:26:28 -0400

Sterling very bid with USD seeing a strong offer in EUR/USD. It took Sterling a little bit to catch up but when it did, it did so vehemently. Once again, we are back at levels in Sterling, which on a long term chart indicate further exaggerated range bound moves.

Forex Trading: Sterling has been a beast this evening...

Michael FX — Mon, 12 May 2008 05:36:10 -0400

Sterling has been a beast this evening as it gapped lower, was offered into the low 1.9440's and bid up before the UK PPI #s and trade balance where it hesitated afterwards despite being GBP positive then took off where it sits comfortably above the 1.9600 figure area.

Forex Trading: Sterling getting a nice bounce from the figure finds itself in the low 50s...

Michael FX — Fri, 09 May 2008 05:11:25 -0400

Sterling getting a nice bounce from the figure finds itself in the low 50s.

Forex Trading - GBPUSD - Comments and Breakout Looming

Forex Bob — Tue, 29 Apr 2008 14:31:38 -0400

BLANCHFLOWER SAYS WEAKER POUND MAY HELP STIMULATE ECONOMY
BLANCHFLOWER SAYS POUND MAY FALL FURTHER
BLANCHFLOWER SAYS U.K. ECONOMY IS `AT A TIPPING POINT'

Forex Trading - BOE-will swap gvt paper for mortgage- backed sec.

Forex Bob — Sun, 20 Apr 2008 17:52:29 -0400

Bank of England will announce a plan to swap 50 billion pounds
of government bonds for mortgage-backed securities to ease
credit
This plan has been rumored for some time and is view to be faverable towards GBP
GBP/USD is unchanged from Fridays NY close at 1.9980

Forex Trading - GBP/USD big day ahead for BOE rate announcement

Forex Bob — Wed, 09 Apr 2008 11:53:07 -0400

Market expecting 25 b.p. cut in the UK Thursday (7am NYC)
Moving rates to 5% FROM 5.25%

Forex Trading: GBP/USD feeling firm after a short lived offer...

Michael FX — Wed, 02 Apr 2008 07:20:12 -0400

Sterling is feeling firm after a short lived offer, mostly on the back on the back of a higher cross (GBP/JPY) which has only taken a small breather this evening, in the wake of a resumed JPY offer through London.