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1.5627 -0.0042 (-0.26%)
22:54:37 (GMT)
Bid 1.5619
Ask 1.5634
Open 1.5673
High 1.5684
Low 1.5605
 

Daily Technical Analysis

GBP/USD fell during the session on Friday, but still remains within the general consolidation area that we have been in for some time. With that, we feel that the market will continue to grind sideways and therefore it’s going to...
The GBP/USD pair as you can see initially fell during the session on Thursday, but turned back around to climb and continue to consolidate in the same general area we have been in for some time. Because of this, we...
Support for the EUR/USD continued to erode on Thursday, one day after the latest Fed monetary policy statement announcement. The U.S. Dollar gained ground against the Euro after Federal Reserve Chairman Janet Yellen on Wednesday essentially ruled out an interest...
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Weekly Technical Analysis

The GBP/USD pair fell during the bulk of the week, but bounce slightly in order to form something along the lines of a hammer. At the end of the day, and looks as if we are trying to find support...
The GBP/USD pair broke higher during the course of the week, testing the 1.57 region. The fact that we done so far into the previous two shooting stars tells us that we could in fact see continuation as we have...
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Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD is wishy washy today, trading flat at 1.5668 with limited data and no headlines to support the currency.  The United Kingdom has done well to increase its development spending to 0.72% of gross national income...
Analysis and Recommendations: The GBP/USD gained just a bit showing little reaction to the strong retail sales print today. The pair reached 1.5650. Consumer sales are up by an astonishing 6.4% year-on-year. That's the strongest increase since mid-2004. Analysts were...
Analysis and Recommendations: The GBP/USD declined 35 points to trade at 1.5715 against a stronger US dollar. Claimant count came in slightly lower than expected giving pound traders an excuse to sell off the currency.  U.K. inflation slowed more than...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:  The GBP/USD could not hold up...
Weekly Analysis and Recommendation:   The GBP/USD bounced around most of...
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More GBP/USD Report

 
The EUR/USD and GBP/USD are set to finish the week on a weak note. The catalyst behind this week’s weakness was the hawkish U.S. Federal Reserve monetary policy statement. Late Wednesday, the U.S. Federal Reserve sent a strong signal to traders that it was on track to...
The GBP/USD pair fell during the session on Wednesday, but for the third day in a row found support below. We ended up bouncing and forming a nice-looking hammer, and that of course suggests that the buyers are about to step back in. With that being the...
The currency and commodity markets are mixed shortly ahead of the release of the U.S. Federal Reserve monetary policy statement at 2 p.m. ET. Two words: “considerable time” should determine the direction of the market later in the session. The removal of those two words would, to...