Markets

GBP/USD - Pound to Dollar

1.2480
06:48:50(GMT)
0.0097
(0.78%)*Daily Change

TECHNICAL SUMMARY

BUYMoving Averages
SELLTrend Indicators
SELLNumeric Indicators
NEUTRALVolatility Indicators

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LATEST NEWS

2 days ago

PM May Calms the Brits; Dovish Draghi Shakes Up the Euro

Last week was relatively quiet when confirmed to the first two. This was probably because economic data was limited to a handful of U.S. reports, a speech from British Prime Minster Theresa May, and a European Central Bank meeting and ahead of Friday’s inauguration of Donald Trump as President of the United States. U.S. Dollar … Continue reading PM May Calms the Brits; Dovish Draghi Shakes Up the Euro

4 days ago

Yellen the Hawk and the Dollar

Yellen came to the rescue of the Dollar on Wednesday, the FED Chair standing by the FOMC’s projections, highlighting that both the labour market and inflation are moving towards the FED’s dual mandate objectives. Under normal market conditions we would certainly see the Dollar rally off the back of such hawkish sentiment, despite Yellen’s foot … Continue reading Yellen the Hawk and the Dollar

5 days ago

A Tale of Two Currencies – Trump and May

Many factors determine how currencies trade in the forex markets – a broad classification can group such factors into technical factors and fundamental factors. The technical factors include volume, momentum and moving averages among others while fundamental factors are closely linked to economic policies and geopolitical concerns. However, a third often overlooked factor also exert … Continue reading A Tale of Two Currencies – Trump and May

5 days ago

The Risk Pendulum, the Dollar and the Pound

The markets remain in pendulum motion going into the 3rd day of the week, sentiment towards the majors being driven by the risk on, risk off swings that have become customary going into the New Year, though this time, the markets are not able to lay the blame at the feet of the Chinese economy … Continue reading The Risk Pendulum, the Dollar and the Pound

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LATEST FORECASTS

Nenad Kerkez

GBP/USD Getting Close to Resistance

The GBP/USD spiked strongly after UK PM Theresa May’s speech and currently it is aiming for 1.2490-1.2510. Daily chart is showing a version of rising three methods so the pair is still bullish. 4h close or 1h momentum above 1.2445 is needed and the pair might get to the POC zone -1.2490-1.2510. However, we also … Continue reading GBP/USD Getting Close to Resistance

Sylvester Stephen

Weekly Technical Outlook: GBP/USD; Market Forecasts for January 23rd – January 27th

Resistance level 1.27297, 1.29142, 1.32205 Pivot Level 1.227291 Support Level 1.22388 Technical Analysis The GBP USD pair closed weekend trading above 1.22388 levels to get a good support base that reinforces the expectations of continuing the bullish bias which provides signals for the price recovery in the upcoming days. It is supported by stochastic positivism … Continue reading Weekly Technical Outlook: GBP/USD; Market Forecasts for January 23rd – January 27th

Colin First

GBP/USD Daily Fundamental Forecast – January 23, 2017

GBPUSD continued to trade strongly on the back of some dollar weakness and it looks set to gain more during the course of the day. The pound has continued to remain strong over the last week or so ever since it dropped just below 1.2000 on the basis of fears on how the Brexit process … Continue reading GBP/USD Daily Fundamental Forecast – January 23, 2017

Colin First

GBP/USD Fundamental Analysis – week of January 23, 2017

GBPUSD began last week on a very weak note ahead of the speech from the UK PM May that was scheduled during the course of the week. Last weekend, we had several rumours swirling around and the UK press went to town stating that the UK economy would be in for some tough times as … Continue reading GBP/USD Fundamental Analysis – week of January 23, 2017

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