4740-4670 seems strong support for GBP for it to go back to 5140 area.GBP and USD are eyeing the timing for interest rate hikes.Greece issue might keep Euro under pressure but ultimately can take correction upto 1040 and 1296.Note: Ticker updated April 01,2015.
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Intraday 1111-42 is key level. Targets below are 1087, 1068-55, 1020, 0996 and 0971. Above targets are 1173, 1195, 1214, 1235 and 1277. Today’s sensible range is 1087-1214/35 or 1020-1195.....MORE
GBP/USD outlook
Intraday 5594-5623 is key level. Targets below are 5580, 5569, 5554-42, 5524, 5501 and 5478. Above targets are 5641-46, 5664, 5678, 5700, 5723 and 5775-87. Today’s sensible range is 5580-5678/5700 or 5542-5646....MORE
Thursday, August 13, 2015
US Data reaction: GBP/USD off highs; falls to daily lows
FXStreet (New York) - The British Pound is currently falling against the US Dollar as the Greenback is trading higher following....MORE
Thursday, August 13, 2015
Fed rate hike probability in September at 60%
FXStreet (Mumbai) - The latest Reuters poll on Thursday showed economists see a 60% probability....MORE
Thursday, August 13, 2015
Highway to Hell or Stairway to Heaven?... Greace Deal
Greece has reached a deal. A third one, worth some €86 billion in exchange for more reforms and more austerity. Even so, many European officials....MORE
Thursday, August 13, 2015
EUR/USD: Euro Leaves 10-Week Highs as Dollar Corrects
Following the 1.5% surge on EUR/USD in the previous session, the pair consolidated on the downside on the back of dollar correction. The dollar, however, remains....MORE
Thursday, September 04, 2014
ECB Preview: 4 options – lower forecasts but probably no action
The ECB convenes for its monthly rate decision and expectations are higher after Mario Draghi’s Jackson Hole speech....MORE
Thursday, September 04, 2014
EUR/USD Sep. 4 – All eyes on the ECB
EUR/USD is trading slightly higher, enjoying a strong German figure towards the really big event: the decision by the ECB....MORE
Thursday, September 04, 2014
ECB meeting takes center stage
All eyes of the ECB today and one can’t help thinking “we’ve been here before”. It seems that in the run up every ECB meeting....MORE
Thursday, October 03, 2013
Carney Says BOE Aims to Avoid Boom-Bust Property
Market
Bank of England Governor Mark Carney said policy makers must make sure
the housing market recovers in a sustainable way as the government
accelerates its program to aid homebuyers....MORE
Thursday, October 03, 2013
Pound Rally Extends Beyond Reason to Morgan
Stanley: Currencies
Britain's currency has surged 7 percent since April 3 to $1.6229, erasing
its losses for 2013 amid bets that the Bank of England may tighten monetary
policy sooner than anticipated....MORE
Thursday, September 05, 2013
Draghi Seen Fighting Enthusiasm as Market Rates
Increase
Mario Draghi is trying to prevent investors from overestimating the
economy’s resilience. Having predicted a recovery at every European Central
Bank policy meeting since December 2011....MORE