Charts Of The Day
« Previous EntriesPound Reaches Year-High
Tuesday, June 2nd, 2009Just a few hours before the markets open the pound traded to $1.65 for the first time since the new year – a feat we have not seen since October 30th, 2008.
Cable’s Intraday Gain Evaporates
Friday, February 13th, 2009It started so well today with the market setting up for intraday rally. So it did with minimal news to sway opinion any other way. As analyzed in our earlier post, “Cable Analysis” below, the market broke the 38 and 50% resistance barriers on the Fibonacci numbers reaching the 1.4600, (over 40-pips above our expected level).
Rates Weigh on Pound
Thursday, February 5th, 2009Another rate cut? How well has previous cuts moved the economic barometer favorably? Keeping interest rates high has been the allure of foreign money through investments. With heavy borrowing and interest rates gone, is it surprising that the value of the pounds, GBP have shrunk? What is even pothering is why the BoE would want to unsettle things further.
Euro Surge Today
Monday, November 24th, 2008LONDON – What does this all mean to the Euro zone economy? It’s okay to revel in the euro surge for now. Is this sustainable? In the medium and long-terms this could hamper the European economic growth and exports.
Euro Break Expectations
Tuesday, November 4th, 2008This morning my colleague posted our conservative market outlook of 1.2880/1.2900 based on our Monday morning debrief, analysis and trading positions. Little did we know that the trade would end up with huge pips collection.
