Sterling running with the data

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1.5500 under pressure in GBP/USD with the positive jobs number although the unemployment rate remaining unchanged will emphasise the low rate forward guidance.

1.5500 goes and posts a high of 1.5506. 1.5523 the first point of decent resistance being the 200 dma and Dec 2012 trendline.

Author: Ryan Littlestone

Ryan Littlestone has been working in financial markets for more than 20 years. Wide-eyed, he stepped out of Bank station in London to join LME founding member Rudolf Wolff where he worked his way to the main order desk and brokered customer orders to the LME floor and across virtually every global market. An opportunity to help set up and run a new LIFFE floor operation saw him catch the trading bug and it wasn’t long before the pull of the pits was too great to refuse. He became a ‘local’ and has been trading his own account for more than 11 years.

13 Comments

  1. market looks like its paring dollar shorts and trimming the crowded yield trades this month.

  2. Hope nobody minds the copy n paste

  3. Chuck me the link if you can lilac and I’ll take a look. DJ are a bit funny about their stuff going up. If you’ve got the link to the actual report I’ll post it up.

  4. Looks like cable under a lot of bears pressure. It’s heading down slowly again.

  5. Soz not got the actual link, Ryan, it’s on my news feed thingie. But I hope you have the gist of it.

  6. The title is UK firms want proof of recovery before they invest – BOE survey

  7. Magic lilac. That ties in perfectly with something I’m writing already.

  8. I’ll put the kettle on then !

  9. Cheeky sod :-D. I’ve actually got two long posts on the go. Best get yourself a sarnie as well ;-)

  10. Two one the go? Never. You know fine well you can only do one thing at a time.
    That’s why blokes never listen and girlies (apparently) don’t do map-reading :P

  11. and that’s why i’ve put the kettle on !

  12. Sorry, did you just say something dear ;-)

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