Cable touch higher early
By Gerry Davies || February 9, 2010 at 06:30 GMT
|| 9 comments || Add comment
Cable trading a little firmer, presently at 1.5625.
Overnight saw the release of UK RICS house price balance up at +32 from +30 in December.
Elsewhere, BRC same store sales fell -0.7% y/y in January, while total annual sales growth came in at 1.2% (the weakest January performance in 15 years) Without reading up on it would guess the crap weather might have had something to do with that.
Today we have UK trade for December at 09:30 GMT, expected visible -6700; non EU -3100; total -2800.

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Hi Gerry,
how do you see sterling?
Important data and King speech tomorrow, maybe some short covering before that?
Japan January Machine Tool Orders up 192% (YoY) after an increase of 63.4% in December
I guess im mildly bullish.
There are now sellers coming in all across the board, EurJpy, EurUsd, GbpUsd, USdJpy and Gold, i think we won’t go further.
Hi i wonder what planet of Dillusionment people are living on even if they wanted to there is no way the Euro could bailout anybody? fact!
I’m selling all the pairs above.
Gabriel, with what stop losses?
Very very tight, i never use more than about 30 pips
Looks like they might have found their top, time to go down baby, up move just on speculation for Euro.