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Continuing last week’s reversal the British pound fell further against the dollar this week. This week is very busy, with the rate decision in the limelight. Here is an outlook for this week’s events, and an updated technical analysis for GBP/USD.

Sterling lost ground as the UK reported a lower August manfacturing PMI and a decrease in housing prices, signalling a stalling economic recovery.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-%E2%80%93-september-5-9/"]GBP/USD Outlook – September 5-9[/URL][/I][/B]

Forex Trades 09/05 - European session - by [URL="http://www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.414
[b]Stop[/b]: 1.4175
[b]Resistances[/b]: 1.4285 - 1.4225 - 1.4175
[b]Supports[/b]: 1.402 - 1.4065 - 1.413

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurchf"]EUR/CHF - Euro / Swiss Franc[/url][/b]
[b]Entry[/b]: 1.1125
[b]Stop[/b]: 1.1175
[b]Resistances[/b]: ...

Market Review - 03/09/2011 00:05 GMT

Dollar recovers after weak U.S. jobs data

Although dollar weakened broadly after release of worse-than-expected U.S. non-farm payrolls report as the gloomy data fuelled expectations of possible quantitative easing by the Federal Reserve at its next FOMC meeting later this month. The selloff in U.S. stocks triggered renewed risk-aversion activities and led to short-covering purchase of the greenback across the board in New York afternoon.

U.S. non-farm payrolls were much worse than market expectation as no new jobs were added vs street forecast of a 75k increase and July's figure was revised sharply down from 117k to 85k. Private payrolls came in at 17k vs ...

Welcome to the FXReturn.com London Forex Market Call for September 5th.,2011. GBP/USD: Closes mid-range on the session as the market encountered resistance at the Fibonacci 61.8% retracement level which resides at 1.6260. Consecutive closes below 1.6260 will keep the bearish posture of the market intact with the July 12th. low of 1.5780 as the next downside objective. A recovery, however, of the Fibonacci 38.2% retracement level which resides at 1.6360 will spark a rally into the August 7th. pivot high of 1.6515. The Timing Oscillator is recognizing a bearish form, momentum continues to build to the short side, and funds decreased their net long position suggesting more downside pressure could be on the horizon in this weeks trading | GOLD: ...