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Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: GBP/USD sinks after GDP figures miss

Posted by WorldWideMarkets . on May 25, 2017 8:12:33 PM

The British pound continues to respect the psychological 1.3000 handle and traded lower after preliminary first quarter GDP came in lighter across the board.  Both the quarterly reading missed by a tenth of a percentage point at 0.2% and the year over year reading at 2.0%.   

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Topics: GBP/USD, $GBP, Sterling

Today’s Trading Edge: GBP/USD jumps as UK PM May calls for early June election in attempt to strengthen position in upcoming Brexit negotiations

Posted by WorldWideMarkets . on Apr 18, 2017 5:12:09 PM

 

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Topics: GBP/USD, gbp/usd sterling, $GBP, Sterling, UK

Today’s Trading Edge: Dollar Index rises to 2-month high ahead of NFP, while sterling crashes early in Asia

Posted by WorldWideMarkets . on Oct 6, 2016 7:55:17 PM

The U.S. dollar rallied to a 2-month high against a basket of currencies.  The dollar index measures the greenback’s strength against 16 other currencies.  The current strength has been attributed to the recent weeks of better than expected US economic data.  The focus will now turn on tomorrow’s US employment report.  Current expectations are for the Non-farm payroll headline number to show 171K jobs added in the month of September.

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Topics: cable, US Dollar, USDIndex, US Dollar Index, GBP/USD, dollar index

Today’s Trading Edge: GBP/USD roller coaster ride following BOE decision and Carney’s Brexit warning

Posted by WorldWideMarkets . on May 12, 2016 6:31:31 PM

WWM_GBPUSD_MAY_12_2016.jpg 

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Topics: GBPUSD, Bank of England, GBP/USD, $GBP, BOE

Today’s Trading Edge: GBP/USD rallies well above 100-day SMA as Brexit concerns ease

Posted by WorldWideMarkets . on Apr 26, 2016 7:32:15 PM

The British pound has sold off over 10% since Brexit concerns surfaced in December, but since making a key low at 1.3835 on February 29th, price has rebounded over 700 pips.  The latest ICM Brexit polled showed the leaving the EU camp took a small lead with 46% of the vote, compared to 44% who preferred to stay in the EU.  The latest ORB poll went the other way and the staying in the EU received 51% of the vote, while the leave camp obtained 43%.  The UK referendum is scheduled on June 23rd

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Topics: GBPUSD, Sterling Pound, GBP/USD, $GBP, Sterling, BOE

 

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