Results for gbp/usd
9 articles with this tag name
  • british-pound-hits-intraday-targettake-profits-and-run
    This morning's GBP/USD short has reached T1, but T2 may be a stretch heading into the weekend...
  • U.S. Dollar: Bear Market Rally?
    With U.S. equities rising more than 5.5 percent today, one would expect the improvement in risk appetite to drive the U.S. dollar lower against all of the major currencies. Unfortunately we did not see a broad based sell-off in the U.S. dollar. The greenback only weakened against the Euro and commodity currencies because investors continued to bail out of British pounds and Swiss Francs. It is also interesting that the EUR/USD is well off its highs indicating that the market’s appetite for dollars has not waned dramatically. The catalysts for today’s rally are not convincing and the moves in the currency market are fizzling, which suggests that we have witnessed nothing more than a bear market rally.
  • ECB and BoE Rate Decisions: Scenario Analysis
    The two biggest event risks for currency traders over the next 24 hours are the Bank of England and European Central Bank interest rate decisions.
  • british-pound-short-to-trigger-at-142
    Today's GBP/USD rally is now approaching converging Fibonacci resistance...
  • how-will-obamas-plan-impact-intraday-technical-opportunities
    An update to this morning's technical report as wicked volatility follows Geithner's Financial Stimulus Plan roll-out...
  • US Dollar:Geithner vs. Payrolls
    On Friday, the Bureau of Labor Statistics is expected to tell us that US employers fired another 500k people in the month of January. Surprisingly enough currencies and equities are trading higher ahead of the non-farm payrolls report which suggests that traders are not afraid of a bad number. Everyone knows that the US economy is very weak and major job losses will continue. Since traders are becoming immune to bad data, it may take job losses in the area of 600k to spook them (January Non-Farm Payrolls Preview). Instead, traders are looking beyond Friday’s non-farm payrolls report to the Monday, February 9th speech by US Treasury Secretary Timothy Geithner. According to a Treasury official, Geithner is expected to unveil a bank rescue plan next week. This is one of the few things that could strike a meaningful recovery in the currency and equity markets. If traders deem Geithner’s plan as satisfactory, we could see a further recovery in the financial markets despite the fact that the US economy will get worse before it gets better.
  • Can the Dollar Rally Continue?
    Over the past 6 months, being long US dollars has been one of the best trades in the currency market but as the dollar extends its gains, many traders wonder how much further it can rise. In the currency market, trends can last much longer than anyone would normally anticipate especially if it is driven by fear. As humans, we run from uncertainty and not towards it. Risk aversion has been pushing investors into the safety of the US dollar and out of higher yielding currencies. When Main Street reads in the papers tomorrow about the slowest pace of economic growth in 26 years, their shock could turn into more selling. Next week, we also have the US non-farm payrolls report due for release. A sour mood could hang over the markets for most of the week as traders fear that another 500k jobs were lost in the month of January. The only thing that could improve risk appetite and give investors a reason to cheer would be if the Senate passes President Obama’s economic stimulus package.
  • US Dollar: Acts of Desperation?
    The Federal Reserve is currently holding a two day monetary policy meeting and it will be interesting to see whether they are desperate enough to introduce radical programs that can incite the enthusiasm of investors. With interest rates virtually at zero, a rate cut is not expected, but the central bank is under pressure to take further action. So far, their effort which includes 500bp of easing has helped to prevent the recession from turning into a depression but it has yet to stabilize the economy. The latest string of economic data indicates that the US economy is still on a downtrend and headed lower. The FOMC rate decision tomorrow could be a nonevent for the US dollar, but if the Federal Reserve is desperate enough, they still have the power to surprise the markets.
  • 3 Forces Driving the EUR/USD Lower
    It is a new trading week and growing doubt about the global economy has seeped through the financial markets once again. For the foreign exchange market, we are seeing broad based liquidation or weakness in all of the major currency pairs. The concerns are not unique to the US economy which is why we have not seen any consistent behavior in the US dollar. The greenback weakened against the Japanese Yen but it rallied against the Euro, British pound and the commodity currencies. For currency traders who simply have a view on the US economy and nothing else, the price action of USD/JPY has been best aligned with the trend of the US economy. All of the other currency pairs are diluted by speculation about upcoming interest rate decisions and commodity prices.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
AUD/CHF
Short term



 Buy Buy at .9560
Stop at 0.952
Target at 0.9634
USD/CHF
Medium term



 Sell Sell at 1.0677
Stop at 1.0706
Target at 1.0633
NZD/CAD
Medium term



 Sell Sell at .7320
Stop at 0.7363
Target at 0.7255
currency recommendation
GBP/JPY
Medium term
Opened 3/18/2010
 Buy Long from 136.1000
Stop at 135.58
Target at 136.67
NZD/USD
Medium term
Opened 2/26/2010
 Sell Short from 0.7141
Stop at 0.7205
Target at 0.7055

LATEST BUSINESS NEWS

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3529
  • 1.3626
  • 1.3503
EUR/USD
5 min chart
  • GBP/USD
  • up
  • 1.5012
  • 1.5254
  • 1.4987
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 90.53
  • 90.70
  • 90.33
USD/JPY
5 min chart
  • OIL
  • down
  • 80.58
  • 82.12
  • 79.83
CLJ0
5 min chart
  • GOLD
  • down
  • 1106.3
  • 1126.6
  • 1100.8
.GOLD
5 min chart
  • US Stocks
  • down
  • 10747
  • 10816
  • 10694
.US30
5 min chart
  • UK Stocks
  • down
  • 5657.0
  • 5697.8
  • 5631.3
.UK100
5 min chart
  • DEM Stocks
  • down
  • 5997.0
  • 6041.3
  • 5955.0
.DE30
5 min chart
  • JP Stocks
  • down
  • 10764
  • 10824
  • 10699
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • up
  • 1.3529
  • 1.3626
  • 1.3503
5 min chart
  • GBP/USD
  • up
  • 1.5012
  • 1.5254
  • 1.4987
  • USD/JPY
  • down
  • 90.53
  • 90.70
  • 90.33
  • USD/CHF
  • up
  • 1.0613
  • 1.0634
  • 1.0539
  • USD/CAD
  • up
  • 1.0171
  • 1.0188
  • 1.0060
  • AUD/USD
  • down
  • 0.9152
  • 0.9223
  • 0.9128
  • NZD/USD
  • down
  • 0.7080
  • 0.7156
  • 0.7064
  • USD/MXN
  • up
  • 12.5730
  • 12.6063
  • 12.4924
  • EUR/JPY
  • down
  • 122.49
  • 123.34
  • 122.24
  • GBP/JPY
  • down
  • 135.91
  • 138.08
  • 135.61
  •  
  • current
  • high
  • low
 
  • OIL
  • down
  • 80.58
  • 82.12
  • 79.83
5 min chart
  • GOLD
  • down
  • 1106.3
  • 1126.6
  • 1100.8
5 min chart
  • SILVER
  • up
  • 16.969
  • 17.387
  • 16.952
5 min chart
  • US500
  • down
  • 1160.9
  • 1169.1
  • 1155.1
5 min chart
  • UK Stocks
  • down
  • 5657.0
  • 5697.8
  • 5631.3
5 min chart
  • DEM Stocks
  • down
  • 5997.0
  • 6041.3
  • 5955.0
5 min chart
  • JP Stocks
  • down
  • 10764
  • 10824
  • 10699
5 min chart
  • AU Stocks
  • up
  • 4846.0
  • 4882.0
  • 4829.0
5 min chart
Data source: GFT

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