Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
Qingyu
manchester, UK
Posts: 1763
12 years ago
Nov 26, 2012 16:40
what a day! both cat and dave showed up.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Nov 26, 2012 16:15
Carney will replace King for BOE chief next year.

Excellent choice !
Dodger
Singapore
Posted Anonymously
12 years ago
Nov 26, 2012 1:07
Cancellation of the construction of "The Pinnacle" high rise office block in london because of failure to secure clientele,the closure of the comet stores,several thousand laid off at UBS London office,salary cuts across the city,lay-offs at GM plants,the fundamentals of UK ecconomy looking very weak to me and only buoyed up by sky high real estate market being put beyond most peoples reach by foreign buyers who will run at the scent of a possible labour victory as election year gets closer. Think the pound got some legs on the back of weak yen and US fiscal cliff anxiety but am looking for it to show signs of overextension soon and start going short for long term play.GB"old grey" your right GBP/CHF is a very good indicator of real sterling strength and look where that is going ??
GeorgeBensonOldGrey
France
Posted Anonymously
12 years ago
Sep 29, 2012 17:56
awaiting the decision of the bank of england for the forward position at 1.79 six months time frame.
instead of having bad PMI in england and CPI at no expectation , the next meeting will unveil how the BoE will plan to act on its balance Sheet. We can try to see and foresee that the best tiling is at the gain of the bank of england because if she decides to expand her balance sheet then it will corroborate with the entry in stem of the others monetary policy.
i suspect the bank of england of regulating the best tiling in therm of market action for the months of october november.
at this time the bulge of buying in brent and crude oil will come with the winter season and this coupled with the monetary side and demand side will help the cable taking ground more to the 1.57/8 by november.
Ashraf target of 1.65 is in a patttern that is gonna culminate at this helm before giving the correction before action of the Bank of England. This is why they dont react to any market purchase, they wont act at the top of the market but instead use useful tool for the housing market...
Noting that US long treasury at ten years have probably bottomed at yield of 1.40%. Net weeks might see the selling of treasury.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Sep 28, 2012 6:44
1.65 this year.

No "if, then" technical analysis.

Ashraf
jacob_fx
karmiel, Israel
Posts: 10
12 years ago
Sep 24, 2012 13:59
A Technical Look at GBP/USD

British Pound is currently in long positive trend from bottom at 1.5390. After good data about Public Sector Net Borrowing price made sharp upside move. Expectations were that the value of indicator will be 13.2B but value shows at 12.4B. This is much better than data about July -1.9B. As you can see on four-hour chart below price of the currency pair continues to move above 15 and 25 EMA which signals for continuing the trend. Today cable made new fresh high at 1.6307 after break of the previous top at 1.6274. If the price closes the week clear above 1.6300, this will bring further rise to 1.7043 in long term. Next target of the upside momentum in short term is set at 1.6450 first 1.6570 after that. On downside first support could be projected around 1.6160. In case of break next support would be around 1.6070. Crucial for whole bullish trend is 1.5910. Break and daily close below that level would change scenario in the currency pair for downside. In long term, price movements from 1.3503 are treated as consolidation pattern of the long term down trend from 2.1161. There isnt any change in this view. There are a lot of interpretations of the corrective movement from 1.3503 but before break of 1.5234 support more consolidation would continue.

Source:http://www.binaryoption.com/binary-options-trading-markets/binary-options-opinions/a-technical-look-at-binary-gbpusd.html
jacob_fx
karmiel, Israel
Posts: 10
12 years ago
Sep 18, 2012 18:38
A Brief Look At Binary GBP/USD

Last week the British pound posted very decent gains against its U.S. counterpart, as market participants were expecting a new wave of quantitative easing to be announced by the Federal Reserve in its meeting, scheduled for Thursday. After struggling with the key 1.60 level for a while, the sterling finally broke the resistance and moved higher for the rest of the week. The currency was also helped by the positive economic data, which were released in the course of the week. First, the trade balance figures came in better than expected. Analysts were projecting the deficit on the current account to have contracted to 8.9B for the month of July from a reading of 10.1B for the previous relevant period. Instead, the trade deficit declined to 7.1B, scattering the bears in the pound and fueling another wave of buying. On Wednesday, we had the closely monitored claimant count change figures being announced. They also surprised on the upside. Economists were projecting the people claiming unemployment-related benefits to have risen by 100, but the Office for National Statistics report indicated that actually 15,000 people fewer filed for government benefits. The response to this positive development was so strong that it overshadowed the news that the U.K.s unemployment rate rose to 8.1% in July. On Thursday, the auction of 10-year gilts showed that the yields have risen on a month over month basis as investors preferred to put their money in higher-grossing assets such as stocks. The bid-to-cover ratio was also relatively low. These news, however, remained in the background as the spotlight was on the Federal Reserve statement, which was scheduled for later in the day. The U.S. central bank announced a new bond-buying program that surprised market participants with its aggressiveness. According to the new plan the Fed would have to buy $40 billion worth of mortgage backed securities and government bonds with longer maturities for as long as necessary for the employment in the worlds largest economy to start picking up again. After the news hit the wires traders sold the dollar and bought its major counterparts as they were expecting the new measures to have a dilutive effect on the U.S.

currency. The sterling finished the session around the highs and continued rising in the last day of the week. The GBP/USD closed at 1.6211 of Friday on a weaker note as it retracted from highs of 1.6257, which it touched earlier in the day. This week the pound is moving sideways, posting modest gains against the greenback. Yesterday we touched fresh new highs of 1.6274 for the month and we are now very close to the crucial 1.63 level, where the April rally ran out of steam. If we manage to break above the aforementioned level, we will move to the GBP/USDs highest rates since late August of 2011. For today, however, the pound will probably remain below its Monday highs as the inflation figures for the U.K. economy disappointed. Although the CPI on year over year basis came in line with expectations, the RPI dropped to 2.9% from a reading of 3.2% for the month of July. The core CPI and the HPI also slipped to 2.1% and 2.0%, respectively, from a reading of 2.3% for the previous relevant period.

Technically speaking, the resistance in the currency pair is provided by the 1.63 level, while support is provided by the 25-period moving average around 1.6192. Oscillators are moving around the upper bands of their respective ranges with the relative strength index at 65 and the stochastic at 61. The MACD has reached the highs of late August and is issuing sell signals, which might indicate that we will see a correction of some sort before we move to higher grounds.
http://www.binaryoption.com/binary-options-trading-markets/binary-options-opinions/a-brief-look-at-binary-gbpusd-4.html
Dodger
London, UK
Posts: 139
12 years ago
Sep 17, 2012 2:33
Holiday today in japan so probably tuesday morning asia likely intervention.
Dodger
London, UK
Posts: 139
12 years ago
Sep 17, 2012 2:19
Watching GBP/JPY long as noises come out of Tokyo of an intervention in response to Bernanke and Draghi,its got to come sometime soon !
cat0nip
Germany
Posted Anonymously
12 years ago
Sep 16, 2012 21:04
GeorgeBensonOldGrey
interesting question about the spread long gilts to floaters....the long yields went up a lot after Bernanke
but I don't have actual data for floaters. It is clear that yields rise because of expectation of inflation