- Friday, 18 March 2016
- Daily Technical Analysis
GBP/USD Daily Forecast - 21 March
Sterling once again tested 1.45 handle in the course of the Friday's session but then pulled back, all the way to 1.44 handle, where it found significant amount of support and once again broke higher by the end of the session. On Monday, we expect some amount of support around 1.44 handle, as this was previously resistance, while area above 1.4550 handle, should offer some amount of resistance. Read more...
- Friday, 18 March 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 21 March – 25 March
Sterling was pushed higher in the course of the last week, testing 1.45 handle as a resistance, and pulling back slightly from it by the week's end. Incline is a result of dovish Fed's stanzas and more hawkish BoE's Meeting Minutes. As for next week, we would pay attention to UK CPI figures. Weaker than expected figures would push pair to 1.44 and 1.4350 handle in extension. On the other hand, better than forecasted figures would cause a break above 1.45 handle, though we can expect significant amount of resistance all the way to 1.46 handle. Read more...
- Friday, 18 March 2016
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast - 21 March – 25 March
Events that marked the week:
Wednesday's session was marked by UK job figures. For February 2016 there were 716,700 people claiming unemployment related benefits.This was 18,000 fewer than for January 2016 and 102,500 fewer than for a year earlier and also the lowest since April 1975. Analysts were forecasting decrease by 8,800. Average weekly earnings for employees in Great Britain increased by 2.1% including bonuses and by 2.2% excluding bonuses compared with a year earlier. The unemployment rate was 5.1%, lower than for a year earlier (5.7%). This was in line with market expectations. Read more...
- Friday, 18 March 2016
- News
Sterling pulled back in a quiet Friday's morning trade
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