Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2648 1.2765 1.2849 1.2966 1.3051 1.3167 1.3252 GBP/USD 1.5723 1.5817 1….
Posts Tagged ‘ GBP/USD ’
Britain Looks Brighter
Data/Event Risks USD: Initial claims and durable goods orders are due out at 12:30 GMT, while the corporate earnings season is in full swing. The last set of claims and durables figures were weak – we could see a minor upside surprise on both today, which would weigh slightly on the dollar. EUR: Little in…
UK Exits Recession: Economy Grows 1% in Q3 2012
The British economy grew by 1% in Q3 2012, according to the first release of GDP. Expectations stood on a growth rate of 0.6%. GBP/USD already managed to recover and rise above the 1.60 line yesterday, as expectations rose towards a positive figure. It traded around 1.6060 before the official publication. Read the rest of…
GBP/USD: Trading the British GDP
British Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and…
Forex Technical Analysis for Week 10/22–10/26
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2644 1.2767 1.2893 1.3016 1.3142 1.3265 1.3392 GBP/USD 1.5759 1.5877 1….
UK Retail Sales Rise 0.6% – More Good News
The volume of retail sales in the UK rose by 0.6% in September, exceeding expectations for a rise of 0.4%. In addition, this rise came on top of an upwards revision to August’s figure: -0.1% from -0.2% originally reported. GBP/USD stopped its gradual drop that was seen beforehand, and is now at 1.6150, in the…
British Pound – UK Exiting the Recession?
The British economy is contracting for three consecutive quarters. The initial news of a big downfall in Q2 was later trimmed down from -0.7% to -0.4%. There are some signs of improvement during Q3 – a preliminary report for this quarter will be published at the end of October and is likely to draw a…
UK Unemployment Drops – GBP/USD Rises
The unemployment rate in the UK dropped from 8.1% to 7.9% in August, while no changed was expected. Jobless claims for September also exceeded expectations with a drop of 4K, while no change was predicted. GBP/USD is climbing to 1.6150, extending gains seen earlier in the week. Read the rest of the article UK Unemployment…
UK Inflation Slides – GBP/USD Follows
The British Consumer Price Index dropped from 2.5% to 2.2% in September, as expected. This is almost at the perfect 2% target, and well within the 1-3% range. Almost all the other inflation figures came out as expected. GBP/USD trades at 1.6090, sliding from a move above 1.61 seen earlier. …