Global Petroleum (GBP) fell 17.39% to 2.38p as it announced the completion of the 2D seismic acquisition programme in its operated block (PEL 0029) in Namibia. Processing of data was about to begin. Windar Photonics (WPHO) rose …
LONDON: In what could be one of the biggest deals in the global FMCG sector, consumer goods giant Procter & Gamble is rumoured to be lining up a 38 billion bid for its biggest rival Unilever. Wild rumours are doing the rounds that Procter & …
The British pound rallied initially during the day on Friday, reaching towards the 1.36 level before finding resistance again. That’s an area that has caused resistance recently, but I think there is even more resistance at the 1.3650 level. It’s not ...
Agreed, they need to deliver this time, there can be no excuses, the timing could not be better currently. It is self evident there is an appetite for deals in Namibia. . The value of BoD's 40% holding has reduced dramatically over the years, so …
EUR/GBP is trading in the red after the retest of the median line (ml) of the minor ascending pitchfork. The next downside target will be at the 50% Fibonacci line (ascending dotted line), but it could drop at least till will reach the 0.9000 …
GBP/USD has broken resistance at 1.2557 (04/11/2016 high) while hourly support is given at 1.2354 (09/11/2016 low). Strong resistance stands far away at 1.2771 (05/10/2016 high). The shortterm technical structure suggest further …
We discussed how GBP/JPY and GBP/USD were at critical levels yesterday; today, they appear to be failing in their breakout attempts. - Q3'16 US GDP is likely to be above +2% annualized ('Goldilocks'-ish), but it's a stark deceleration …
The EUR/GBP has recently made a u-turn after the V shaped reversal formed and pushed the price from the D L4 support. At this point the POC zone is 0.8790-0.8805 (D L3, EMA89, ATR pivot, 50.0, W H3, historical buyers) and if the price …
GBP/USD Daily Chart Notice that, tomorrow at 08:30, the UK inflation data will come out and will serve as major Catalyst for the pair price action. The GBP/USD major currency pair has gained the Forex market nickname “Cable”, named …
EUR/GBP is weakening. The pair is having strong selling pressures. However, as long as prices remain below the resistance at 0.8878 and declining trend line, the short term technical structure is biased to the downside. Four Hourly …