Sign inRecent Commentaries tagged (british-pound)
British Pound - Reaching Support? A Watch Alert Only.
Friday 26 February 2010 We have not been involved with the currencies, of late. Many of the moves have begun in the overnight trading hours, and the risks of taking a position during the U.S. trading hours was too much. We still keep an eye on the currencies, and both the Euro and the Pound...
Bernanke Comments Negatively Impact Performance of the Dollar
EUR/USD The Euro tested support close to 1.3450 against the dollar on Thursday as underlying sentiment remained negative. There was firm support near this level and it recovered back to highs above the 1.3520 level later in the US session. There were again reports of Euro buying by central banks...
British Pound - How To Cover A Short Position In ANY Market - The Market Is THE Superior Source Of Information
Monday 21 December 2009 We recently recommended short positions at 163.50, British Pound - Trouble Across the Pond. One thing no one can ever know is the outcome for any given trade. Developing market activity will provide theanswer, as new price information becomes available. Where can...
Weekly Currency Review - Week Ending October 9, 2009
The dollar remained a key market focus during the week. The US currency attempted to correct stronger at times, but generally remained on the defensive as rallies quickly attracted fresh selling pressure. The US currency tested 2009 lows before staging a limited recovery on Friday after...
Flat The British Pound - More Time In A Trading Range Likely
Monday 5 October 2009 A picture being worth a thousand words, here is a three thousand+ word article. We have liked the short side of the British Pound for a few months, and we have made money, liquidating the final portion of the short position at 159.45 on 25 September, short from 163.77,...
British Pound - Trend Is Lower. One More Trading Range Hurdle And The Rout Is On
Saturday 26 September 2009What a weak week! The Pound dropped sharply, and short positions from 163.77 paid off. Half the short position was covered just under the 161 previous support area, and a gain of almost 300 pips. Why? The Pound had been defending that price level, and we went with...
British Pound - Shedding Pounds. Move Down May Be Getting Under Way...Finally
Thursday 24 September 2009 The Pound has been in a protracted sideways trading range for four months. We previously called the two key reversals, and particulary the one the first week of August. This stands out like a sore thumb on the weekly chart, below. A key reversal was created the...
Weekly Currency Review - Week Ending September 18, 2009
US currency weakness remained the dominant market theme during the week. The US dollar attempted to rally at times, but generally remained on the defensive with 12-month lows on a trade-weighted index while the US currency also weakened to 2009 lows against the Euro before a limited recovery.
Weekly Currency Review - Week Ending August 21, 2009
Markets continued to struggle for direction over the week. The dollar pushed higher over the first half of the week, but again struggled to make any significant headway and came under renewed selling pressure. Defensive demand for the dollar faded during the week as equity markets attempted to...
Weekly Currency Review - Week Ending August 14, 2009
Markets struggled to find a decisive direction for the week as a whole. The dollar strengthened over the first half of the week, capitalising on the stronger than expected payroll data the previous Friday. The US currency was unable to sustain the gains and dipped weaker following the Federal...
Weekly Currency Review - Week Ending July 24, 2009
Currency markets generally have been trapped within relatively narrow ranges over the past few weeks. In this environment, institutional investors looked to target a breakout and secure a substantial move. The US currency was still found support at lower levels and recovered from an intra-week...
Higher Equity Markets Should Ignite Breakout Rallies in AUD USD and NZD USD
Sellers took it easy on the Dollar on Friday following a week which saw the greenback give back much of its recent gains. Stronger appetite for higher yielding assets fueled by better than expected earnings reports and perceptions that the U.S. economy would recover sooner rather than later...
Higher Equity Markets Should Ignite Breakout Rallies in AUD USD and NZD USD
Sellers took it easy on the Dollar on Friday following a week which saw the greenback give back much of its recent gains. Stronger appetite for higher yielding assets fueled by better than expected earnings reports and perceptions that the U.S. economy would recover sooner rather than later...
Better Economic News and Earnings Weaken U.S. Dollar
What started out to be a sideways day ended with the U.S. Dollar taking another hit as investors renewed their quest for risk late in the trading session and into the close. Even before the U.S. Forex trading session started there were signs that today would be an unusual day as stories were...
U.S. Dollar Under Pressure as Investors Seek Better Returns
The GBP USD is still in a down trend because of the lower top, lower bottom formation but this did not stop this pair from testing a retracement level at 1.6452.The USD JPY was the only positive Dollar-based major currency. This pair is continuing the rally which began on Monday following a...
