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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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9 Responses to “Cable touch higher early”

  1. Francesco on February 9th, 2010 06:40 GMT

    Hi Gerry,

    how do you see sterling?
    Important data and King speech tomorrow, maybe some short covering before that?

  2. Tajul Akbar Bin Ismail on February 9th, 2010 06:48 GMT

    Japan January Machine Tool Orders up 192% (YoY) after an increase of 63.4% in December

  3. gerry davies on February 9th, 2010 06:52 GMT

    I guess im mildly bullish.

  4. Gabriel on February 9th, 2010 07:02 GMT

    There are now sellers coming in all across the board, EurJpy, EurUsd, GbpUsd, USdJpy and Gold, i think we won’t go further.

  5. Steve on February 9th, 2010 07:04 GMT

    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!

  6. Gabriel on February 9th, 2010 07:05 GMT

    I’m selling all the pairs above.

  7. Emilio on February 9th, 2010 07:19 GMT

    Gabriel, with what stop losses? :)

  8. Gabriel on February 9th, 2010 07:29 GMT

    Very very tight, i never use more than about 30 pips ;)

  9. Gabriel on February 9th, 2010 08:02 GMT

    Looks like they might have found their top, time to go down baby, up move just on speculation for Euro.



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