GBP/USD Open 1.5827 High 1.5881 Low 1.5807 Close 1.5846 On Monday Pound/Dollar decreased insignificantly with 60 pips. The Cable depreciated from 1.5881 to 1.5819 yesterday, in converse with the positive Interbank sentiment at over +56%, closing the day at 1.5846. Today the British Pound descended slightly further, dropping to 1.5807. On the 1 hour chart [...]

GBP/USD Open 1.5803 High 1.5818 Low 1.5653 Close 1.5794 On Thursday Pound/Dollar increased significantly with 160 pips. The Cable appreciated from 1.5653 to 1.5818 yesterday, in line with the positive Interbank sentiment at above +18%, closing the day at 1.5794. Today the British Pound is trading quietly, with movements at the upper end of yesterday’s [...]

By David Song, Currency AnalystMichael Boutros, Currency Strategist Trading the News: U.K. Consumer Price Index What’s Expected: Time of release: 0 2 /1 4 /2012 9:30 GMT, 4:30 EST Primary Pair Impact: GBPUSD Expected: 3.6% Previous: 4.2 % DailyFX Forecast: 3 . 8 % to 4. 0 % Why Is This Event Important: The headline [...]

GBP/USD Open 1.5807 High 1.5886 Low 1.5766 Close 1.5814 On Thursday Pound/Dollar traded within almost 100 pip range. The Cable appreciated from 1.5792 to 1.5886 yesterday, in line with the positive Interbank sentiment at almost +53%, closing the day at 1.5814. Today the British Pound lost all Thursday’s gains, descending down to 1.5766. On the [...]

By David Song, Currency Analyst DJ FXCM Dollar Index Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 9712.57 9718.4 9672.98 0.28 64.41% The Dow Jones-FXCM U.S. Dollar Index ( Ticker: USDollar ) is 0.28 percent higher from the open after moving 64 percent of its average true range, [...]

By David Song, Currency Analyst Trading the News: Bank of England Interest Rate Decision What’s Expected: Time of release: 02 / 09 / 2012 12 : 00 GMT, 7 : 00 E S T Primary Pair Impact : GBP USD Expected: 325B Previous: 275B DailyFX Forecast: 275B – 325B Why Is This Event Important: Although [...]

GBP/USD Open 1.5798 High 1.5861 Low 1.5749 Close 1.5804 On Friday Pound/Dollar decreased with 110 pips. The Cable depreciated from 1.5861 to 1.5749 on Friday, in converse with the positive Interbank sentiment at almost +35%, closing the week at 1.5804. Today the British Pound is soft, but moving still at the lower end of Friday’s [...]

GBP/USD Open 1.5843 High 1.5883 Low 1.5705 Close 1.5831 On Wednesday Pound/Dollar continued increasing with 180 pips. The Cable appreciated from 1.5705 to 1.5883 yesterday, in line with the positive Interbank sentiment at above +38%, closing the day at 1.5831. Today the British Pound is trading quietly, with movements at the upper end of yesterday’s [...]

Last Updated on Wednesday, 01 February 2012 14:20 Written by Sam Coventry Wednesday, 01 February 2012 14:18 But will today’s data convince Bank of England officials no more quantitative easing is necessary? The pound to euro exchange rate is 0.1% lower on the day at 1.2023. The pound to dollar exchange rate is 0.43% higher [...]

Forex trading crowds remain aggressively long the US Dollar (ticker: USDOLLAR) against the Euro, British Pound, Japanese Yen, Swiss Franc, and Canadian Dollar. Such one-sided sentiment gives us contrarian signal that the USD could continue its declines. Traders turned aggressively net-long the US Dollar against the Euro as the pair broke above the $ 1.2700 [...]

Currency GMT Release Expected Actual Comments NZD 21:00 NZIER Business Opinion Survey (4Q) – 0 Lowest since the first quarter. NZD 21:45 Card Spending – Retail (MoM) (DEC) 0.2% -0.3% Declines for the second straight month. NZD 21:45 Card Spending (MoM) (DEC) -0.2% -0.2% JPY 23:50 Tertiary Industry Index (MoM) (NOV) -0.4% -0.8% Biggest decline [...]

GBP/USD Open 1.5299 High 1.5409 Low 1.5232 Close 1.5312 On Friday Pound/Dollar decreased significantly with 170 pips. The Cable depreciated from 1.5409 to 1.5232 on Friday, in line with the negative Interbank sentiment at almost -30%, closing the week at 1.5312. Today the British Pound is trading hesitantly, at the lower half of Friday’s range [...]