Euro Pounds GBP
Monday, December 22nd, 2008Euro Sterling, EURGBP achieved parity this week before receding back slightly. How long the pullback holds remains to be seen. However, at a time you would expect the pounds to track the euro after recent lows we are seeing further slides and lower-lows. What is the root cause?
Cable Gains And More
Wednesday, October 29th, 2008Cable, GBPUSD gained a significant reprieve last night amid previous lows from last week’s traded levels. This morning saw a continuation on the ‘out of jail’ breakout of Tuesday’s trading session. Could this be the mark of a resurging cable?
More Low On Eur
Wednesday, October 22nd, 2008There is no hiding place for the euro as EURUSD hit 22-months low in overnight Asian trading session an indication of more signs of weakness. The current market fears rest on the turmoil of the past weeks as confidence grow thin on recession aversion. Will this be the moves that creates parityfor the pair again?
World Markets Fall On Deal
Monday, October 6th, 2008The world’s financial market is plunged into abbyss again as Germany unleash a bad deal. With over a trillion dollars wiped off the global market today, what was the wisdom of if Mrs. Merkel? Last night the German announced her decision to guarantee over three trillion of her citizens’ Bank deposits due to Hypo Real Estate banking problems. The uncertainty and lack of clarity on the deal created further fear in the market place and thus igniting a selling frenzy.
