{"id":15016,"date":"2010-11-04T20:11:49","date_gmt":"2010-11-05T00:11:49","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15016"},"modified":"2010-11-04T20:11:49","modified_gmt":"2010-11-05T00:11:49","slug":"british-pound-keeps-getting-stronger","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/04\/british-pound-keeps-getting-stronger\/","title":{"rendered":"British Pound keeps getting stronger"},"content":{"rendered":"

\"uk<\/p>\n

According to its new accommodation policy, the US Fed Reserve is going to buy the treasuries to the sum of $600B.<\/p>\n

The Fed Reserve reports that it is going to spend $75B every month to purchase the long-term treasury bonds. Such a measure may have a negative impact on the creditworthiness of the United States.<\/p>\n

At the same time the Fed Reserves keeps devaluing USD.<\/p>\n

In such a situation the British Pound currency rate at Forex is demonstrating positive dynamics.<\/p>\n

Having broken through the high, the GBPUSD rate keeps on growing while developing short wave a (C ) \/C.
\nShould the downward retracement come out of the MF Sloping Channel and break through the MF pivot at 1.6051, the wave started at 1.5961 will be completed. The pivot at 1.5961 is now defending the whole wave from 1.5651.<\/p>\n

Today\u2019s news (Nov 4th<\/sup> – GMT):<\/strong>
\n12:00\u00a0\u00a0\u00a0\u00a0 GBR – Bank of England Rate Decision
\n12:30\u00a0\u00a0\u00a0\u00a0 USA – Jobless claims, Nonfarm Productivity, Unit Labor Costs
\n12:45\u00a0\u00a0\u00a0\u00a0 EU – European Central Bank Rate Decision
\n13:30\u00a0\u00a0\u00a0\u00a0 EU – ECB Press Conference
\n\"chart\"<\/p>\n

Levels of Resistance and Support:<\/strong>
\n1.6364 – 138.2% + 176.4%
\n1.6307 – 161.8% + 161.8%
\n1.6226 – 123.6% + 138.2% + 200%
\n1.6183 \u2013 the current price
\n1.6108 – MF pivot
\n1.6051 \u2013 MF pivot
\n1.6000 \u2013 Oanda\u2019s buy limits<\/p>\n

You are free to discuss this article here: \u00a0 forum for traders and investors<\/a><\/strong><\/p>\n

Text:\u00a0Ivan Zhigalov, an expert of the Department of studying Masterforex-V trading system<\/em> <\/strong>
\n\u2013 Ask it here<\/a> \u00bb<\/p>\n","protected":false},"excerpt":{"rendered":"

The Fed Reserve reports that it is going to spend $75B every month to purchase the long-term treasury bonds. Such a measure may have a negative impact on the creditworthiness of the United States.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15016","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15016"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15016\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}