Intra-Day Market Moving News and Views
31 Jul 2014 06:59GMT
GBP/USD - .... The British pound relinquished intra-day gain made in Asia after meeting renewed selling at 1.6927 shortly ahead of European open.
Despite edging higher from 1.6906 (Aust.) to 1.6927 on steady short-covering, sellers emerged after U.K. Nationwide house prices came in lower then consensus. Jul m/m was 0.1% vs forecast of 0.5%, previous month's reading was 1.0%.
Judging from current weakness in early European trading, looks like st specs are testing cable's downside n stops below yesterday's 6-week low at 1.6890 are now in focus. Offers remained at 1.6925/30 with some stops above there, suggesting selling the pound is the way to go due to dlr's broad-based strength in European morning..
31 Jul 2014 06:03GMT
GBP/USD -.... U.K. Jul house prices +0.1% m/m vs Jun +1.0% n +10.6% y/y vs 11.8% in Jun.
31 Jul 2014 06:59GMT
GBP/USD - .... The British pound relinquished intra-day gain made in Asia after meeting renewed selling at 1.6927 shortly ahead of European open.
Despite edging higher from 1.6906 (Aust.) to 1.6927 on steady short-covering, sellers emerged after U.K. Nationwide house prices came in lower then consensus. Jul m/m was 0.1% vs forecast of 0.5%, previous month's reading was 1.0%.
Judging from current weakness in early European trading, looks like st specs are testing cable's downside n stops below yesterday's 6-week low at 1.6890 are now in focus. Offers remained at 1.6925/30 with some stops above there, suggesting selling the pound is the way to go due to dlr's broad-based strength in European morning..
31 Jul 2014 06:03GMT
GBP/USD -.... U.K. Jul house prices +0.1% m/m vs Jun +1.0% n +10.6% y/y vs 11.8% in Jun.
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