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1.6593 0.0003 (0.02%)
15:20:01 (GMT)
Bid 1.6593
Ask 1.6594
Open 1.6575
High 1.6614
Low 1.6577
 

Daily Technical Analysis

The GBP/USD pair broke higher during the day on Thursday, but again the 1.66 level has offered enough resistance to turn the market back around and form a shooting star. With this, we feel that the market is going to...
The GBP/USD pair tried to rally during the course of the day on Wednesday, but as you can see struggled to go to much higher than we started. The 1.66 level continues to offer resistance, and as a result we...
The GBP/USD pair initially went higher during the course of the day on Tuesday, only to find the 1.66 level a bit too resistive to continue the move higher. With that, we have formed to shooting stars in a row...
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Weekly Technical Analysis

The GBP/USD pair fell during the course of the week, continuing the bearish run that we have seen. That being the case, we feel that it’s only a matter of time before we touched the 1.65 level, an area where...
The GBP/USD pair had a negative week, breaking solemnly below the 1.67 handle at one point. We did get a little bit of a bounce and it does appear on the shorter-term charts that we are going to get a...
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Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD gained 17 points to trade at 1.6604 after a positive CBI trends index and a climb in housing prices. The US dollar eased back a bit but otherwise it was a light trading session for...
Analysis and Recommendations: The GBP/USD eased higher today as the dollar turned lower to trade at 1.6604 on a quiet trading day ahead of US data due late in the day. Traders are getting ready to close out the month...
Analysis and Recommendations: The GBP/USD gained 36 points to trade at 1.6576 as traders bought up the cheap currency after sending it too low on comments from Deputy Governor Broadbent. There are no events or news from the UK due...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendations The GBP/USD fell for a seventh...
Weekly Analysis and Recommendation:  The GBP/USD closed the week at...
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More GBP/USD Report

 
The EUR/USD is trading slightly better today, but is still likely to post a lower close for the week. Although the catalyst behind the current seven week sell-off in the Euro has been the fear of falling inflation, today’s numbers showed a slight improvement in consumer prices...
December Comex Gold futures rose close to 1 percent on Thursday as tensions between Ukraine and Russia fueled speculative buying and triggered sell stops. Reports of fighting along the Ukraine-Russia border also helped to underpin the market. The news also triggered sell-offs in the U.S. and European...
The EUR/USD posted a strong reversal from nearly its lowest level in a year after Germany’s finance minister said comments by European Central Bank President Mario Draghi calling for additional stimulus were “over-interpreted”. The Euro is still expected to move lower over the near-term, but today’s comments...