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1.5977 -0.002 (-0.13%)
5:14:48 (GMT)
Bid 1.5976
Ask 1.5978
Open 1.5995
High 1.6002
Low 1.5973
 

Daily Technical Analysis

The GBP/USD pair did very little during the session on Thursday, essentially meandering around the 1.60 handle for the entirety of the session. The shows that the market is trying to find support in this area, an area that we...
GBPUSD bear trend resumption threat We have stressed in our recent reports to clients that “the previous roll back from the 1.6186 level ahead of the solid barrier at 1.6228 see bias for a roll back to the rebound range...
The GBP/USD pair fell hard during the course of the day on Wednesday after the Federal Reserve released a fairly hawkish statement. However, the 1.60 level is significant support, so one has to wonder whether or not we will bounce...
More GBP/USD Daily Technical Analysis

Weekly Technical Analysis

The GBP/USD pair went back and forth during the course of the week, eventually forming a very neutral candle. The neutral candle suggests that the buyers are starting to make a little bit of noise here, and that we could...
The GBP/USD pair fell initially during the course of the week, but bounce significantly enough to form a nice-looking hammer. What is also interesting about this hammer is that it sits right at the 50% Fibonacci retracement level, and with...
More GBP/USD Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD recovered from early losses to trade in the red but only by 9 points as the US dollar skyrocketed. The pound is trading at 1.60 after a strong Housing Price Index report. U.K. house price...
Analysis and Recommendations: The GBP/USD eased a few pips on dovish comments from the Bank of England to trade at 1.6122. Prime Minister David Cameron could come under pressure to move towards a more anti-European platform ahead of next year's...
Analysis and Recommendations: The GBP/USD eased down giving back a bit of yesterday’s gains to trade at 1.6116 as the greenback gained momentum ahead of the two day Fed meeting starting in a few hours. Sterling trades little changed versus...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The GBP/USD gained steadily on Friday...
Weekly Analysis and Recommendation:   The GBP/USD remained in a tight...
More GBP/USD Weekly Forecasts

More GBP/USD Report

 
The US dollar soared to trade at 86.30 gaining for a third session in Asia on Friday. The greenback is trading at 86.30 and is expected to continue to rally. The greenback reached a three-week high against its major counterparts as the U.S. economy expanded more than forecast in...
December Crude Oil futures are trading lower today after the market failed to follow-through to the upside, following yesterday’s higher close. Yesterday, the U.S. Energy Information Administration reported in its weekly petroleum status report that U.S. commercial crude inventories increased by 2.1 million barrels last week, maintaining...
The Euro, British Pound and gold are trading flat ahead of today’s Federal Open Market Committee announcement at 2:00 pm EDT. Many of the major players are on the sidelines not because of what the Fed may do, but because of what it may say. All traders...
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