GBP Could Bottom at Forex Futures Sentiment Extreme.Summary: EURUSD EURUSD Euro to US Dollar (foreign currency exchange) Long-Term Technical Forecast EURUSD Long-Term Technical Forecast The 5 wave advance from 1.3682 is complete at 2.1160. The decline from 2.1160 is in 3 waves (to this point) but is probably wave A of a 3 flat (or triangle). Expect a large wave B bounce to begin soon and retrace a good deal of the decline from 2.1160. GBPUSD GBPUSD British Pound Sterling to United States Dollar (foreign currency Eexchange) Fundamental Outlook/Interest Rate Forecast A surprisingly dovish Bank of England Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. and clearly bearish forecasts for the future of UK growth have forced a substantial correction in British Pound interest rate outlook and tumbles in the GBPUSD. Interest rate markets forecast that the British Pound - US Dollar interest rate differential will shrink by a substantial 149 basis points (1.49 percent) in the coming year of trading-nearly halving the GBP's interest rate advantage against the USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . If such market forecasts come to fruition, we could see the British Pound fall further against the US dollar. GBPUSD Forex Forex See: Foreign exchange Sentiment Outlook British Pound Forex Futures Positioning Signals Short-term Correction 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion