GBP/USD

GBP/USD Support

Tuesday, April 29th, 2008

Cable, GBP/USD lay siege on the corridor of 1.9676 support. The pair currently trades 1.97.17 from a trend that began in Asian Hours at 1.9890. How far will it go today? The end shall tell.
In the near term the pair is still not out of the woods yet. The falling “hot-knife” syndrome seem to be […]

GBP/USD, GBP/JPY, EUR/GBP - Low Risks Opportunities Today

Friday, April 25th, 2008

Across board, the pounds sterling, faired well against other currencies, GBP/USD, GBP/JPY and even the grand old lady, EUR/GPB. All presented low risks opportunities today. From the blast of the bell this morning the pound shot out like a man who stole.
Right from the Euro-session start, there were shared bullish sentiments about the pound sterling.

The GDP […]

GBP/USD Bucks Trend - Bloody Day

Tuesday, April 8th, 2008

The British pound sterlings saw reversal from last week’s budding trend this morning. Forex traders began Cable, GBP/USD sell-off in the Asian and Pacific market sessions of the early hours of today. The shorts remained intact through Euro and US trading Sessions all afternoon.
However, this trend aversion was not surprising when one looks at the bigger picture. The UK Housing numbers […]

USD, Dollar Gains Reprieve

Tuesday, April 1st, 2008

USD, dollar gained a stay of execution today  amid recent challenges. It fared very well against other currencies especially the yen, JPY.
At some point today it was +241 pips up. An experience that has not been for a while. It also held grounds against the EUR while the pounds, GBP vaccillated within +100 pips range.
These moves were severely orchestrated by […]

EUR Spikes To New High - Hovers $1.6000 Mark

Tuesday, March 18th, 2008

EUR spiked to new highs of 1.5906 yesterday triggering speculation in the forex market and other global financial institutions of the greenback, (dollar, USD) collapse. Is this trend sustainable to the EUR zone economy?
The greenback has been under immense pressure in the last few months.  Since christmas the floor have finally caved in which has […]