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Previous Analysis Of The Gbp/usdTitle:
Dukascopy Afternoon Forex Overview : 05/15/2012
Dukascopy Fundamental Analysis
EUR
Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the euro zone.
USD
Retail sales in the U.S. rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month.
GBP
Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead.
CHF
Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone.
...
Title:
Technical analysis of the GBP/USD pair on May 15th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD is currently testing a pullback on the resistance at 1.61.
Indicators stay globaly bearish.
The pair is still moving above its medium term bullish slant (black line).
We continue to advise short positions as far as 1.6150 is resistance.
The breakout of 1.6050 will give a new sell signal and open the week towards 1.60.
In case of return above 1.6150, we will be neutral between this level and 1.62.
The breakout of 1.62 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 14th, 2012
GBP/USD Analysis
Title:
Technical analysis of the GBP/USD pair on May 14th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD broke the support at 1.61 last friday, giving us a sell signal.
All indicators are bearish.
The pair is moving towards the medium term bullish slant (black line).
We continue to advise short positions as far as 1.6150 is resistance.
The breakout of 1.6050 will give a new sell signal and open the week towards 1.60.
In case of return above 1.6150, we will be neutral between this level and 1.62.
The breakout of 1.62 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 11th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 04/11/2012
Dukascopy Fundamental Analysis
EUR
European stocks declined as company earnings missed estimates, talks on forming a Greek government entered a fifth day and JPMorgan Chase & Co. posted a $2 billion trading loss. Asian shares and U.S. futures fell.
USD
Wholesale prices in the U.S. fell in April for the first time in four months, led by a decline in fuel costs that signals inflation may cool. The producer price index dropped 0.2 percent after no change in March, Labor Department figures showed today in Washington.
GBP
Britons turned gloomier last month as a slump in construction pointed to an even deeper recession and producers ramped up prices, highlighting the long and difficult road back to economic health.
CHF
Swiss stocks fell for the seventh day, heading for the biggest weekly ...
Title:
Technical analysis of the GBP/USD pair on May 11th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD continues to test the support at 1.61.
Indicators are neutral.
The pair is still moving above a medium term bullish slant (black line).
We continue to advise long positions as far as 1.61 is support.
The breakout of 1.62 will give a new buy signal and open the way towards 1.63.
In case of return below 1.61, a sell signal will be given.
See the previous analysis of the GBP/USD pair of May 10th, 2012
GBP/USD Analysis
Title:
Dukascopy Morning Forex Overview : 10/05/2012
Fundamental Analysis
EUR
"The real concern isn’t about Greece, it’s about the euro and whether it breaks up -- that is key."
- Mark Tinker, a fund manager at AXA Framlington Investment EUR Management
European stocks declined on Wednesday as investors awaited resolution of Greek coalition talks and yields on Spanish 10-year bonds rose above 6 per cent.
USD
"Certainly as a result of the elections in Greece, the odds of a default and an exit from the euro have increased."
- James Dunigan, chief investment officer for PNC Wealth Management
U.S. wholesale inventories rose in March at a slowest pace since November, Commerce Department data showed on Wednesday.
GBP
"Consumers, struggling to balance their household budgets, remain reluctant to spend..."
- Stephen Robertson, BRC director ...
Title:
Technical analysis of the GBP/USD pair on May 10th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD made yesterday a new test of the support at 1.61.
Indicators are neutral.
The pair is still moving above a medium term bullish slant (black line).
We continue to advise long positions as far as 1.61 is support.
The breakout of 1.62 will give a new buy signal and open the way towards 1.63.
In case of return below 1.61, a sell signal will be given.
See the previous analysis of the GBP/USD pair of May 9th, 2012
GBP/USD Analysis
Title:
Technical analysis of the GBP/USD pair on May 9th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has failed to break the resistance at 1.62 yesterday and is currently making a correction.
Indicators are neutral.
The pair is still moving above a medium term bullish slant (black line).
We continue to advise long positions as far as 1.61 is support.
The breakout of 1.62 will give a new buy signal and open the way towards 1.63.
In case of return below 1.61, a sell signal will be given.
See the previous analysis of the GBP/USD pair of May 8th, 2012
GBP/USD Analysis
Title:
Technical analysis of the GBP/USD pair on May 8th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD got back yesterday above 1.6150, giving us a buy signal.
Indicators are neutral.
The pair is still moving above a medium term bullish slant (black line).
We continue to advise long positions as far as 1.61 is support.
The breakout of 1.62 will give a new buy signal and open the way towards 1.63.
In case of return below 1.61, a sell signal will be given.
See the previous analysis of the GBP/USD pair of May 7th, 2012
GBP/USD Analysis
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