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Pound Dollar Forecast 24 Mar 2011

With this week’s data showing the UK inflation rate at almost 5% and likely to get worse, it is really only a matter of time before interest rates start to rise. The technical picture on the monthly gbp usd chart would seem to support this...

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Pounds to Dollars 26 Jan 2011

My post on pounds to dollar pair which is posted on my personal blog.   Markets now waiting for outcome of this evening’s FOMC meeting and despite yesterday’s appalling UK gdp figures sterling may in fact bounce back. Key technical areas:  Must break above USD1.5927...

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Pound to Dollar Forecast

The pounds to dollar pair has finally pulled away from the USD1.60 price level following yesterday’s FED statement ending the forex trading session as a relatively wide spread up candle closing at USD1.6106 and as such holding above the key USD1.6089 price handle.  As such...

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Pounds to Dollars Forex Forecast 20 Oct 2010

An interesting couple of days for the pounds to dollars pair which fell sharply yesterday (along with most other dollar pairs and commodities) as the Chinese interest rate decision rippled across the markets, before bouncing back today, much as expected, following the long awaited spending...

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Pounds to Dollars Forex Forecast 18 Oct 2010

An interesting signal on the pounds to dollars pair on the daily chart which ended on Friday as a deep shooting star candle which momentarily breached the USD1.60 price handle before closing back below at the original open of the day and forming a perfect...

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Forex Forecast Pounds to Dollars 15 Oct 2010

The pounds to dollars pair continues to climb higher, albeit in a relatively muted manner, with yesterday’s narrow spread up candle exhibiting a degree of weakness as characterised by a deep upper wick to the body of the candle.  However, this has failed to convert...

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Pounds to Dollars 13 Oct 2010

The pounds to dollars pair once again appears exhausted as it approaches the USD1.6000 price handle, repeating the pattern that we saw back in early August, which saw the pair retrench to test the USD1.53 price region before recovering.  Whether this pattern is repeated once...

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Pounds to Dollars Forex Forecast 11 Oct 2010

The pounds to dollars pair is at an interesting juncture as we test the underside of the psychological USD 1.6000 price handle once again which triggered the pullback of early August, with the pair failing to breach this level and falling from USD1.5994 to a...

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Pounds to Dollars Forex Forecast 6 Oct 2010

Yesterday’s wide spread up candle lifted the pounds to dollars pair once again from its recent sideways trading range in the USD1.58 price region, closing marginally above the USD1.59 price handle, having reached an intra day high of USD1.5930.  As such the pair has created...

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Pounds to Dollars Forex Forecast 4 Oct 2010

The pounds to dollars pair moved higher in forex trading on Friday, closing as a relatively narrow up candle ending the week of largely sideways consolidation, with the pair confined to a narrow range between USD1.57 and USD1.59.  It is interesting to note, however, that...

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