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Nationwide: UK October house prices

By Gerry Davies  || October 30, 2009 at 07:04 GMT
|| 6 comments || Add comment

Nationwide October house prices have come in at +0.4% m/m, +2.0% y/y compared to median forecasts of +0.6%, +1.8% respectively.  It’s the sixth straight monthly rise, and I’m still not convinced.  Watch out next year is all I’m saying.

Cable sits at 1.6525 continuing it’s slow early drift lower.  Obviously 1.6500 looms as important psychological support.

Technical support 1.6520/25, resistances 1.6580 and 1.6600/10.

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Category: All, Economy, Europe, Regions
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6 Responses to “Nationwide: UK October house prices”

  1. Adje on October 30th, 2009 07:08 GMT

    Got three positions opened.
    Long EUR/GBP
    Short AUD/USD
    Short AUD/JPY

    Wish me luck for the rest of the day :D

  2. Tajul Akbar Bin Ismail on October 30th, 2009 07:24 GMT

    Short Aussie … don’t know about that since next week the RBA might hike their rates

  3. Tajul Akbar Bin Ismail on October 30th, 2009 07:29 GMT

    cont … good luck to you nonetheless, Adje

  4. Adje on October 30th, 2009 08:01 GMT

    Exited everything for now. This huuuuuge pull back doesn’t fit my tradings

  5. Adje on October 30th, 2009 08:11 GMT

    0.9134 is resistance now.

  6. Adje on October 30th, 2009 08:15 GMT

    re entered my short. Targetting 0.9077 for now. unless somethingreally bad happens.



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