The British pound has fallen to a 7 year low against the US dollar and a record low against the Japanese Yen. Over the past 3 trading days, the GBP/USD has dropped more than 1000 pips or 7 percent. Consumer prices were hotter than the market expected, so what has fueled this aggressively [...]

Posted in 2009 british pound forecast, Bank of England, British Pound, Forex Technicals, GBPJPY, Mervyn King, eur/gbp, forex blog 3 Comments »

Most currency traders only have their eyes on the “majors” such as EUR/USD, USD/JPY, and the GBP/USD. Admittedly, these are the most liquid currency pairs, but sometimes opportunities could be missed if you are not also looking at the crosses. Trends are usually more powerful in the crosses than the majors and you [...]

Posted in British Pound, Canadian Dollar, EURJPY, Forex News, Forex Technicals, GBPJPY, Japanese Yen, New Zealand dollar, USD/CAD, dollar rally, eur/usd, forex blog, forex signals, usd/jpy 2 Comments »