Select Your Broker and Start Trading!   Best Brokers 2014

1.6498 -0.0112 (-0.67%)
16:19:01 (GMT)
Bid 1.6497
Ask 1.6498
Open 1.6611
High 1.6615
Low 1.6491
 

Daily Technical Analysis

The GBP/USD pair tried to rally during the session on Monday, but pullback to form a shooting star. Because of that, the market looks as if the sellers are starting to come back into power, and with that we feel...
The GBP/USD pair initially fell during the course of the day on Friday, but then bounced enough to break above the 1.66 handle. The resulting candle is a hammer, so we can break the top of that we feel that...
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...
More GBP/USD Daily Technical Analysis

Weekly Technical Analysis

The GBP/USD pair bounced during the course of the week, and closed just above the 1.66 level. That being the case, the market looks as if it’s ready to go up to the 1.68 handle, so therefore a break above...
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...
More GBP/USD Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD tumbled 75 points as the US dollar gained momentum ahead of this week’s Bank of England meeting. The pound seemed to show very little reaction to a climb in construction PMI. The dollar advanced in...
Analysis and Recommendations: The GBP/USD is unexplainable today gaining 30 points to trade at 1.6627 after UK manufacturing PMI missed expectations. The US dollar remains near recent highs with US markets closed for the Labor Day holiday. Lackluster manufacturing data...
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...
More GBP/USD Daily Forecasts

Weekly Fundamental Analysis

The GBP/USD closed higher last week. The market posted a...
Weekly Analysis and Recommendations The GBP/USD fell for a seventh...
More GBP/USD Weekly Forecasts

More GBP/USD Report

 
December Comex Gold futures broke sharply lower on Tuesday as a stronger U.S. Dollar offset demand for gold from weaker stock prices and increased tensions over Ukraine. The markets were closed yesterday because of a U.S. bank holiday and traders were focusing on Thursday’s European Central Bank...
The EUR/USD traded flat-to-lower most of the session on Monday as many traders took to the sidelines because of today’s U.S. bank holiday, Thursday’s European Central Bank announcement and Friday’s U.S. Non-Farm Payrolls report. Until there is fresh news, Euro traders are still going to be reacting...
As we roll into a new month traders will be once again closely monitoring central bank action with the RBA, the ECB, the BoE, the BoJ and the Bank of Canada on the schedule this week. The stellar event with be Mr. Draghi and the ECB, but...