GBP/USD Forecast Nov. 22nd, 2011, Technical Analysis
GBP/USD fell precipitously on Monday, just as expected. The Bank of England should be talking about more quantitative easing later this week, and as a result the cable pair has fallen.
Tag: GBPUSD
Forex-Metal Daily Analysis – 22/11/2011
Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.
Forex Metal Weekly Newsletter
Market review for 14 – 18.11, 2011 During the past week, the negative economic statistics and general uncertainty in the EU provided a lot of pressure on European currencies (EUR and GBP). At the beginning of the...
21st November, 2011 – Daily Forex Report by GFM Research
The Dollar Index traded flat on Friday on the event of sideways trading witnessed in the benchmark equity index of the Dow Jones Industrials. Major trend is range bound between 73.40 and 81.20 where as the medium...
GBP/USD Forecast Nov. 21st, 2011, Technical Analysis
GBP/USD fell during the session on Friday after an initial bounce to form a shooting star. The pair looks weak, and rightfully so as the Bank of England continues to hint of further quantitative easing to come.
GBPUSD Analysis – November 19, 2011
GBPUSD’s fall from 1.6164 extended to as low as 1.5691. Further fall is still possible next week, and next target would be at 1.5500 area. However, the fall is treated as correction of uptrend from 1.5272, one...
GBP/USD Forecast Nov. 18th, 2011, Technical Analysis
The GBP/USD pair rose during the Thursday session, although it did manage to fall late in the day. The pair punched through the 1.57 level, only to fall back below it by the end of the day....
18th November, 2011 – Daily Forex Report by GFM Research
Correction in most of the asset classes coupled with uncertainty in the Euro zone is resulting in stronger Dollar. Short-term trend is range between 78.80 and 76.40 where as the medium-term trend is range bound between 81.20...
Forex-Metal Daily Analysis – 17/11/2011
The pound was pressured by the UK labor market report.
17th November, 2011 – Daily Forex Report by GFM Research
Dollar index continued recovery from the short-term support of 76.70; which resulted in profit taking in most of the asset classes. Short-term trend is range between 78.80 and 76.40 where as the medium-term trend is range bound...