GBP/USD Outlook
Hello. Let’s take a look at the GBP/USD hourly chart. It seems we’re still in a small retracement from the move up from early 2011. Look for it to potentially retrace more and, once complete, look for...
Tag: GBPUSD
17th February 2011 – FX Daily Report by GFM Research
Dow Jones posted new high of 12303.08, while continuing its choppy session this week, before settling at 12287.72. Dow Jones correlation is suggesting sideways trend to continue with undertone still remaining weak for the USD, though we...
Forex-Metal Daily Analysis -16/02/2011
British pound receives support from UK fundamentals. Asian and European trading sessions:
16th February 2011 – FX Daily Report by GFM Research
Dow Jones (.DJIA) correlation continued to guide direction in most of the FX major pairs, though the Cable traded high against the Greenback in contrast to other pairs. The common currency settled marginally higher at 1.3496 yesterday...
Forex-Metal Daily Analysis -15/02/2011
Concerns over the EC budget crises rise again. Asian and European trading sessions:
15th February 2011 – FX Daily Report by GFM Research
EURUSD continued weakness and settled at 1.3479 against previous close of 1.3547 after hitting three week’s low of 1.3428. Mixed moves were seen in remaining pairs with the Cable and Aussie Dollar showing signs of stagnation. Dow...
Forex Metal Weekly Newsletter
Market review for 7 – 11. 02, 2011
14th February 2011 – FX Daily Report by GFM Research
Dollar rallied against almost all major pairs on Friday. USDCHF and USDJPY remained firm during whole of last week to finally close positive st 0.9736 and 83.43 respectively. We are expecting USDCHF and USDJPY to rally further...
GBPUSD Analysis – February 12, 2011
GBPUSD broke below the lower border of the rising price channel on daily chart, suggesting that a cycle top had been formed at 1.6277 level. Consolidation of uptrend is expected in a couple of weeks and pullback...
11th February 2011 – FX Daily Report by GFM Research
With the Dow (.DJIA) yielding at the historical congestion zone of 11200 ranges, USD continued its strength across the board especially against the Common Currency, Aussie Dollar, Japanese Yen and Swiss Franc. Except for the Cable which...