Search Results for: Sterling
China and UK establish direct currency trades
June 19th, 2014
China and the UK have started the direct trading of the yuan against the pound, in a move that will help reduce currency conversion costs. Both sides are hopeful the direct yuan-sterling trade will help facilitate two-way investment and ...
GBP/USD retreats from 100-day SMA
May 30th, 2014
Pair’s Outlook Being that GBP/USD has just broken out of the bullish channel to the downside and met a strong support level, there is likely to be a pullback up to 1.6784/76. And regardless of the bullish technical indicators ...
GBP/USD violates 15-month up-trend
May 29th, 2014
Pair’s Outlook Even though the support at 1.6782/76 was deemed to be strong and most of the technical indicators were bullish, the Pound took a major hit yesterday. The currency plummeted through the monthly PP, 55-day SMA and, even ...
Euro feels impact of European elections – Euro Currency update
May 27th, 2014
Currencies Outlook of May 27th The Euro The Euro is weaker against most of its rivals as the impact of last week’s European elections continues to be felt. Victory for Euro-sceptic parties weighed upon the single currency. Also piling ...
GBP/USD Daily Chart
May 26th, 2014
Pair’s Outlook Last week’s attempt to re-test the 2009 highs at 1.70 did not succeed, and GBP/USD declined. Still, the key support, namely the monthly PP, 55-day SMA and up-trend line at 1.6782/70, stays intact, meaning the currency pair ...
Soft Futures market outlook
May 23rd, 2014
Wheat futures once again started firm, but whether they will end that way… There may be some cause to hope that the trend which set in on Tuesday, of strong starts followed by weak closes, may come to an ...
GBP/USD Daily Chart
May 23rd, 2014
Pair’s Outlook Though GBP/USD failed to climb over the weekly R1 yesterday, there are still good chances that the 2009 highs will be soon re-tested. However, for the near-term outlook to stay bullish as it is now, the key ...
Wall Street Finds New Subprime With Brokers Pitching 125% Loans
May 22nd, 2014
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit. From an office near ...
GBP/USD targets 1.70
May 22nd, 2014
Pair’s Outlook The Pound preserves the upward momentum and it seems to be well-positioned to launch an attack on the 2009 highs once the weekly R1 is out of the way. And while the weekly and monthly technical studies ...
GBP/USD extends recovery from up-trend support
May 21st, 2014
Pair’s Outlook As it turned out, GBP/USD did not have to undergo a deep bearish correction in order to climb over the weekly PP. Now the currency pair is free to move even higher. The immediate resistance is represented ...
