May 21st, 2010 01:58:46 GMT

Levels to watch in afternoon trade


USD/JPY: semi-official bids rumoured around the overnight low at 89.00 EUR/USD: 1.2440/1.2600 seem to be the short term parameters with bids and offers both sides respectively. AUD/USD: .8077 was this mornings low and the market will be wary of further … Continue reading

May 18th, 2010 02:00:19 GMT

BA strike cancelled


Back-to-back strikes by British Airways have been outlawed in the UK, thus cancelling planned strikes by BA air crew.

May 17th, 2010 21:50:45 GMT

Cable: strong bounce, more to come?


Cable broke below the previous low yesterday morning at 1.4475 and proceeded to fall a further 200+ pips in thin Asian trade. The fact that the market failed to close below 1.4475 is a very bullish sign in my view … Continue reading

May 16th, 2010 22:40:17 GMT

UK government softening on bank reform


Break-up of the UKs major banks is now looking less likely according to this article in the UK Telegraph which suggests that the new coalition will take a much softer approach to bank reform. This will be seen as a positive … Continue reading


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