Search Results for: BP
Technical Analysis GBP/USD stays inactive
July 11th, 2014
Technical Analysis GBP/USD for July 11, 2014 Pair’s Outlook GBP/USD remains unable to realise its bullish potential implied by the daily and monthly technical indicators. For now the weekly PP at 1.7113 is enough to support the pair, but ...
Technical Analysis GBP/USD underpinned by weekly PP
July 10th, 2014
Technical Analysis GBP/USD for July 10, 2014 Pair’s Outlook For the time being the weekly PP seems to be providing enough support for the Cable to stay afloat. On the whole the technical indicators are also implying good performance ...
Technical Analysis GBP/USD trades sideways
July 9th, 2014
Technical Analysis GBP/USD for July 9, 2014 Pair’s Outlook Regardless of the bullish outlook implied by the technical studies, the Cable remains flat, trading some 100 pips north from 2009 high. Nevertheless, the risks are heavily skewed to the ...
GBP Is A Bad Apple While Dollar Is Squeezed
July 8th, 2014
Not the ideal start to a week where many expected more enthusiasms being expressed across the various asset classes, especially after last week’s stronger US employment headline print. Maybe the market is priming itself for the summer doldrums? The ...
GBP/USD Daily Chart – Technical Analysis
June 4th, 2014
Pair’s Outlook Perhaps not at the initially estimated speed, but GBP/USD is nevertheless moving south. Accordingly, soon there is going to be a test of the 100-day SMA. If this support remains intact, there is likely to be a ...
RBI keeps repo rate unchanged at 8%; SLR cut by 50 bps
June 3rd, 2014
In line with market expectations, the Reserve Bank of India on Tuesday kept key rates unchanged. While the repo rate was maintained at 8% and reverse repo rate at 7%, the SLR was cut by 50 basis points. The ...
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 ...
BP asks judge to freeze Gulf of Mexico spill payouts
May 29th, 2014
BP has asked a US judge to allow it to halt paying compensation claims while it waits for the US Supreme Court to review its settlement with businesses over the 2010 Gulf of Mexico oil spill. BP is unhappy ...
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 ...
GBP/USD challenges weekly PP
May 27th, 2014
Pair’s Outlook The Cable is currently eroding the supply area at 1.6855/51, a breach of which will pave the way towards a major level at 1.70. However, due to toughness of the resistance, advancement beyond this point seems to ...
