Posts Tagged ‘cable’
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GBPNZD Triangle Breakout Looming

by Christopher Lemieuxon June 25, 2014 9:57 pm GMT
The pound-kiwi is offering a few opportunities as it is trading within a triangle on the daily chart. Price action is weakening on the supporting ascending trend line, and key moving averages are supporting a bearish breakout. The daily 20 EMA is on the verge of closing below the 50 and 72 EMA, which could […]

Bank of England Kept Key Rate at .5 Percent

by Christopher Lemieuxon June 5, 2014 12:25 pm GMT
The Bank of England (BoE) has decided to keep the benchmark rate at .5 percent, a level left unchanged since 2009. The central bank will leave asset purchases at £375 billion. The BoE Monetary Policy Committee (MPC), a nine-person panel, are divided on whether or not to begin rising borrowing costs. An increase in rates have been […]

GBPUSD Remains Lower After the Dollar Strengthens, Supported Momentarily

by Christopher Lemieuxon June 2, 2014 8:27 pm GMT
The pound reversed course after solid manufacturing data out of the United Kingdom, after the greenback picked up support after a series of “mistakes” with the Institute of Supply Management (ISM) manufacturing PMI. The ISM manufacturing PMI reported lower, initially, than was revised twice due to, what the ISM said, application of the wrong seasonal […]

Cable Continues Slide on Poor Mortgage Data

by Christopher Lemieuxon May 27, 2014 11:13 am GMT
Cable continues to slide lower on weak mortgage data. The BBA mortgage approvals fell to an eight-month low in April, as home loans dropped from 45,045 to 42,173, according to the British Bankers Association (BBA). Analysts were expecting a smaller drop to 45,200 approvals, while March mortgage approvals were revised lower from 45,900 to 45,000. […]