why cable for gbp

GBP/USD - Le cable devrait se maintenir vers les 1.9620 avant les annonces américaines

1.9623 - Le cable est sorti de son canal de consolidation. Il se situe actuellement sur sa ligne de tendance à 1.9620. Ce support devrait être testé à plusieurs reprises. En cas de cassure, le cours pourrait rapidement atteindre les 1.9530. View the full article

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US Stocks rose; JPY and USD weakened

FXstreet.com (Córdoba) ? Markets in the U.S. rose recovering part of Wednesday losses. Dow Jones finished at 8331 an increase of 0.56% for the day. Nasdaq rose 1.50%. This happen on the day that Wal-Mart reported an increase in first-quarter sales and that initial jobless claims showed an increase in job losses reaching 637,000 for the week ended May 9. Mix data that wasn?t enough to extend the downside rally in Wall Street. In this scenario riskier currencies rose across

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Forex: Dollar rises against EUR and GPB

FXstreet.com (Córdoba) ? Dollar continues recovering from early loses against cable and euro. EUR/USD recently broke support zone at 1.3380 and start to fall again. At 1.3335 the pair could find another support area. During the American session dollar got stronger after EUR/USD reached a 3-week high at 1.3468 rebounding toward 1.3400 and then 1.3380. GBP/USD failed to hold at 1.5000 and rally downside to 1.4960. Right after the pair reached a fresh 4-month high at 1.5195 fell more

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Forex: GBP/USD recovers its initial losses and rises above 1.5900

Fxstreet.com (Barcelona) - After finding support at 1.5835, intra-day low, (coming from its 95 pips decline from 1.5930 in the Asian session) Cable has begun to rose to take levels above 1.5900. Currently the pair is trading around 1.5915/15, 0.05% above todays opening price action.The Kshitij Consultancy Service Team affirms: Cable has moved in a narrow band of 100 pips during the day. There's immediate Resistance at 1.5945 and beyond that it might try to move towards 1.6050 and face

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Forex: GBP/USD rises to reach 1.5130, highest since January 11

FXstreet.com (Barcelona) - After rising around 100 pips from 1.5025 in the early European morning, the GPB/USD has reached the 1.5130 level, fresh 15-weeks high. Currently, the pair is trading around 1.5110/20 after rising 0.55% so far today from opening price at 1.5035.Yesterday, Cable won 0.65% form opening price at 1.4935, reaching 1.4835 as lowest and 1.5050 as maximum, to close the day at 1.5030.The Swiss e Trade Strategy Team says: Cable is trading in an unbroken uptrend this European

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EUR/USD rose at Asia Session

FXstreet.com (Jakarta) - The EUR/USD rose as the eurozone services and manufacturing composite PMI contracted at the slowest rate in six months indicating the eurozone economic slump may be easing. ?The short-term trend for the EUR/USD is negative; however, the pair traded above the 1.30 handle and may test the diagonal 1.32-area resistance,? said Hans Nilsson, analyst at CMS Forex. If this resistance is broken, the chart pattern will turn bullish. Support exists in the 1.29 area.For more information, read

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Forex: USD/CHF rallies and stays above 1.1550; USD/JPY recovers

Fxstreet.com (Córdoba) ? The dollar got stronger across the board and rose against the Swiss Franc. After breaking support zone at 1.1500 the pair rally to 1.1600 where it rebounded. Now is holding above 1.1555. For the day the pair has risen 1.60%. Reaching intra-day high at 1.1603. USD/JPY rose in the last hours after breaking above 96.65 and recovered early losses. But the pair stopped at 96.90. Next resistance level could be found at 97.10. In the last hour

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Sterling Falls as U.S. Equity Rally Fades

U.S. equities are having trouble holding gains and that uncertainty is helping drag sterling down against the U.S. dollar and euro.Tuesday's equity rally initially supported cable, but FX markets are unconvinced that the rally has any staying power. That uncertainty is continuing into Wednesday's trading session as GBP/USD moves closer to the lower end of its range.In overnight trading, cable hit a session high of 1.3839. However, those gains appear to be short-lived and the pair is

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Dollar down across the board

FXstreet.com (Buenos Aires) - Dollar fell across the board Thursday, following previous sessions weak outlook, after existing home sales in the U.S. dropped a 3% and unemployment claims rose to 640K with the total number of people drawing unemployment benefits surging to the highest level on record. Euro was helped by stronger than expected PMI, reaching an intraday high of 1.3162. By the end of the American session the pair remains close to that zone, while Gbp also rose, reaching

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GBP/USD: Pound, above 1.4900

FXstreet.com (Barcelona) ? The Pound has posted a 150 pip rally so far to reach an intra-day high at 1.4917, approaching yesterday?s high at 1.4950.In case of further climbing above 1.4950, the Pound would get on the track towards 1.5065 (Apr 16 high), above there, 1.5080. On the downside, support levels might lie at 1.4855/70 and below there 1.4820 and 1.4765.GBP/JPY has appreciated from levels around 14600 ahead of European session opening to levels right at 148.00 at the time

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