Posts Tagged ‘Faces’
AUDUSD: Rally Acceleration Faces Fib Barrier
Author: Germina Lake
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GBP/USD Channel Faces Fibo Resistance, Short Opportunity?
Author: Germina Lake
Strength in the U.K. service sector added to the case against quantitative easing from the BoE providing GBP/USD support. The pair remains in an upward trending channel as markets expect the central bank to remain on the sidelines, as inflation above their target level and signs of a sustainable recovery, leave policy makers split over the course of monetary policy.
View full post on DailyFX – Analyst Picks – Today’s Picks
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Tags: Channel, Faces, Fibo, GBPUSD, Opportunity, Resistance, Short | 
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GBP/JPY Faces Channel Resistance, BoE QE
Author: Germina Lake
The GBP/JPY fell sharply following comments from Adam Posen, as the BoE member saw a “clear” case for additional asset purchases. Moreover, the policy maker also stated that without stimulus, inflation may fall short of the MPC’s 2% target level in 2012 and 2013.
View full post on DailyFX – Analyst Picks – Today’s Picks
EUR/GBP Range Faces U.K. Event Risk
Author: Germina Lake
EUR/GBP Range Faces U.K. Event Risk
The Euro losing its correlation with risk has made trading the single currency a trickier proposition. Positive equity markets today have failed to generate support but that doesn’t preclude continued risk appetite from pushing the Euro higher going forward.
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