GBPCAD Archives - Page 8 of 8

April 10, 2012

Sterling Digest, April 10, 2012: accommodating growth

A new twist in Myanmar — Arm twisting has also forced the UK to forge new international relationships

Sterling has been mixed bag as European traders came back to the markets today after a long Easter weekend. Currency pairs should trade very technically during this relatively quiet news week out of the UK.

Cameron agrees joint defence deal with Japan (Reuters) [Cameron’s visit to Myanmar makes him the first major Western leader to visit the country since 1962 as the UK looks for more trade partners.]
Britain’s retailers hope for extravagant Easter (The Guardian)
Bernanke Warning on Jobs Vindicated by March Payrolls Report (Bloomberg)
Weakness in the Japanese Yen Is Over for Now, Part Two (DrDuru.com)
GBP/AUD intraday: holding pattern (ChartTrader)
GBPCAD: Will be looking to buy this one (Chart.ly) [good call]
GBPUSD: LOOKING FOR A SHORT OPP…LOT OF RESISTANCE COMING (Chart.ly)
EURGBP: Possible basing structure (Chart.ly)

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March 23, 2012March 23, 2012

Sterling Digest: March 23, 2012

Beautiful golf course — Enjoy the weekend - my friend and fellow trader has the right idea here

Being wrong early in cable kept me on the sidelines for the rest of the day. A good day to be out as the $EURGBP, $GBPUSD, and $GBPJPY saw whippy sideways actions to end the week. The $GBPCAD, $GBPAUD, and $GBPNZD came off their breakout highs as commodities firmed up a bit today after vicious selloffs all week. The question for the new week is whether sterling continues to consolidate or will the bull trend resume? Until that time. Enjoy the weekend.

GBP/USD 1D (Chart.ly)
GBPCAD expecting a short term rally… (Chart.ly)
GBPUSD Weekly chart (Chart.ly)
Euro Becoming New Dollar (WSJ)
U.K. Banks Push for Yuan Swap (WSJ)
China Moves Towards More Easing… (Economonitor)

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March 12, 2012

Sterling Digest: March 12, 2012

Lots of big talk made for lots of nice moves in the forex markets today. These central banks are only warming up with comments from Japan today ahead of their official interest rate decision tomorrow. But the $FED has taken to jawboning too. They also release a decision tomorrow but have been in the press for weeks. Lots of focus has been on the $USDJPY with its recent moves higher which should make the conspiracy theorists among us very anxious for Tuesday trading. At any rate, sterling flows were liquid in both directions today depending on your currency pair.

UK Highlights Of Market News’ Forecast Surveys; Events (Forex Live)
Japan Sends a Signal on Yen (WSJ)
No hint of exit from Fed this week (WSJ)
Here’s Who’s Footing The Bill For Greece’s Default (BI)
The Fed Has No Idea What Happens Next – And That’s Okay (The Reformed Broker) [underscores this post]
Charts I am watching, week of March 12 (PeterLBrandt.com)
GBPUSD Update (50’s Blog)
EURGBP Update (50’s Blog)
Charts, 2012 – Week 11 (Stoic Trading)

March 11, 2012March 11, 2012

Sterling Digest: March 11, 2012

An ironic find on Flickr: the World Money Expo. In China

This week rounds out the major central bank announcements for the month of March. Three central banks are on tap to release decisions on monetary policy: the Bank of Japan, the Federal Reserve, and the Swiss National Bank. Of course, the Fed is the highlight. But with the Fed in the news so much last week, one has to wonder what more the Fed can give the markets.

Watching GBP Pairs (Dollar and 10Cents)
EURGBP Update (50’s Blog)
Chart of the Day: Growth! (Credit Writedowns) [Because at the end of the day, it’s all about who’s making money.]
QE Set To Leave British Pensions $141 Billion In The Hole (Business Insider)
ECB fires inflation warning, trumpets success of cash flood (Yahoo! Finance)
Brazil inflation eases in Feb, backing up rate cut (Reuters) [Interesting. Brazil has comparable inflation to UK but is growing whereas UK is contracting.]
What To Celebrate (FaithMightFX)

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March 3, 2012

Sterling Digest: March 3, 2012

Greece bailout — And in other news this week, Greece got bailed out again...I think...

$GBPUSD finally reached the major psychological level of 1.60 this week with the high at 1.5992. $GBPJPY breached its major psychological level of 130.00 with its high of 130.11 this week. However, both pairs finished the week with a healthy pullback as sterling weakened versus most of the majors on Friday. The $EURGBP was an exception as that pair probed new lows on the week at 0.8314 on across-the-board euro weakness.

MANUFACTURING GROWTH EASES, HOUSE PRICES UP (David Smith’s EconomicsUK.com)
2012 – The Year We All Learn to Live Dangerously (EconoMonitor)
Volcker Rule May Impact Banks in Germany, U.K., France, EU Says (Bloomberg)
GBPUSD Update (50’s Blog)
GBPJPY more gas in the tank (Chart.ly)
GBPCAD bearish (Chart.ly) [patience pays]
GBPUSD Mixed on SSI (Chart.ly)

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