November 27th, 2009 02:48:38 GMT

GBP14 billion wiped off value of UK banks


Thanks to Tajul for this link to the UK Times. Little wonder that cable is 150 pips lower on the session with the likelihood of the banks’ shareprices getting spanked again when the UK market opens later today.

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November 27th, 2009 02:13:25 GMT

Cable breaking slowly lower


EUR/USD is back below 1.4950 where the stops resided earlier and cable has slipped below its 100-day MA at 1.6410. Not much in the way of support in the cable until 1.6260 or in EUR/USD until 1.4890.


November 27th, 2009 01:16:25 GMT

Nikkei now -2.25%, USD/JPY bouncing


Don’t be looking for any logic in these moves; the Nikkei is down over 2% but USD/JPY is responding to the overkill on the downside and is bouncing back but still down on the day. There has been more verbal … Continue reading

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November 26th, 2009 22:53:33 GMT

Cable reacting to GDP comments, now below 1.6500


Cable is already 40 pips lower on the session, currently trading at 1.6495 after the latest comments on UK GDP. GBP/JPY has also fallen but USD/JPY support at 86.30 is holding firm thus far.

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November 26th, 2009 22:27:47 GMT

Possible scenarios this morning


1. Nikkei opens -0.5/1.0%; Gold hangs around $1190/95; USD/JPY trades inside s/t 86.30/00 range; AUD/USD, cable and EUR/USD sees some mild profit taking 2. Nikkei opens flat to slightly positive; gold drops slightly; USD/JPY breaks higher taking out trailing stops … Continue reading



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