Archive for British Pound Sterling

“Sideways Trade” sees Gold “Supported by Phys. Demand”, Debt Warning “Reality Check” for Britain while Obama Calls for Increased US Spending

London Gold Market Report from Ben Traynor BullionVault Tuesday 14 February 2012, 08:30 EST THE WHOLESALE market gold price eased to $1713 per ounce Tuesday lunchtime – 1.1% down on the previous day’s high – while stock and commodity markets were broadly flat despite several European countries having their sovereign ratings or outlooks lowered last night. [...]

GBP/AUD Weekly outlook 13 Feb – 17 Feb

The sterling has been rapidly losing ground against the Aussie in recent months. Last week was a surprisingly choppy week for the pair with little happening; however, price action came alive later with the market closing out the week with a bearish Hikkake pattern. Wednesday and Thursday were both inside bars, with Friday completing the [...]

Currency Futures: Forex Speculators cut Dollar Long Positions as Canadian Loonie positions turn long while Kiwi surges

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators decreased their US dollar long positions last week and Euro short positions improved for the second straight week off their record low level. Non-commercial futures traders, usually hedge funds and large [...]

Currency Futures: Forex Speculators cut US Dollar bets. Aussie, Kiwi & Peso positions continue rise

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators cut back on their US dollar long positions last week and Euro short positions improved for the first time in six weeks from their record low level. Non-commercial futures traders, usually [...]

Currency Futures: Forex Speculators raise Euro bearish bets. Aussie, Kiwi & Mexican Peso bets rise

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators continued to pile into bets against the European common currency for a fifth consecutive week. Non-commercial futures traders, usually hedge funds and large speculators, added to their short positions for the [...]

Currency Futures: Forex Speculators bets for US Dollar edge higher. Euro, Pound Sterling dip

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators continued to increase their Euro and British pound sterling short bets for a fourth consecutive week while long US dollar bets overall edged higher. Non-commercial futures traders, usually hedge funds and [...]

Currencies: Forex Futures Speculators raise Dollar, Yen, Aussie bets as Euro sinks lower

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators raised their overall long bets for the US dollar last week against the other major currencies while Euro short positions continued to increase and rose to a new record level for a [...]

Currencies: Forex Futures Speculators sharply increased Japanese Yen longs. Euro sentiment at new low

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators decreased their overall long bets for the US dollar last week against the other major currencies despite Euro short positions rising to a new record level. Non-commercial futures traders, usually hedge [...]

EUR Tumbles Ahead of Non-Farm Data

Source: ForexYard The euro saw heavy bearish movement throughout the day yesterday despite positive US data which typically helps the currency. Euro-zone debt worries continue to send investors away from riskier assets. Whether today’s US Non-Farm Payrolls can give the euro a boost to close out the week is still unknown. Economic News USD – [...]

Riskier Assets Turn Bullish Following Positive British Data

Riskier currencies like the euro and UK pound turned bullish yesterday, following the release of the British manufacturing PMI in morning trading. Meanwhile, the price of crude oil is steadily rising as tensions between the US and Iran continues to generate supply side fears.

Currencies: Forex Futures Speculators push Euro shorts to new record level

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators added to their overall long bets for the US dollar last week against the other major currencies while Euro short positions rose and ascended to a new record level as sentiment [...]

2012 Preview (Continued) – Examining the Major Issues

Source: ForexYard As we approach New Years we’ll attempt to address the major issues for 2012. Economic News CAD – Loose BoC Monetary Policy to Weigh on CAD A worsening global economic background does not bode well for the CAD. Economists have begun to downgrade their 2012 Canadian outlook and GDP forecasts as the gloom [...]

Currencies: Forex Speculators edge Dollar long positions higher. Japanese Yen positions fall for fourth week

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators slightly raised their overall long bets for the US dollar last week against the other major currencies as of December 20th. Euro short positions against the US dollar improved slightly after [...]

Euro Continues to Struggle as Debt Concerns Loom

Despite starting Thursday off on a promising note, the euro managed to tumble against most of its main currency rivals as the euro-zone debt crisis continues to drive investors away from the currency. With analysts forecasting an increase in today’s US New Home Sales figure over last month, it appears unlikely that the euro will reverse its recent bearish trend.

Currencies: Forex Speculators increase Euro short bets. Boost Dollar long positions

By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators boosted their long bets for the US dollar last week against the Euro while other major currencies saw slight improvements, according to the latest data which shows trader positions as of [...]

Examining the CHF Floor

As the latest SNB Monetary Policy Assessment approaches there has been speculation of an impending move by the SNB to raise the floor of the EUR/CHF to 1.25 or perhaps 1.30 from its current 1.20 level. But with the EUR/CHF trading in a tight 300 pip range the SNB may choose to let the market move first before the SNB takes further action.

EUR/GBP Forex Daily Outlook – 12 December

EUR/GBP Daily outlook – 12 December Early last week started fairly slow for the pair with little movement and direction. Wednesday however saw more action with a modest fall towards the 0.8500 area. Thursday closed with a bullish pin bar and Friday closing as a Doji. With the market nearing lower support areas again, price [...]

GBP/AUD Daily outlook – 12 December

Last week in comparison to the previous was rather flat with the market not showing any clear direction. Friday did however produce a large bearish pin bar suggesting the bears seen from the last week of November could be making a return in the coming days/week. Last weeks price showed a solid rejection of a [...]