April 22nd, 2010 13:18:06 GMT.

Cable slides lower


Cable down at 1.5360 from early 1.5395.  I’d expect some buy orders down at 1.5350/60 as would be normal practice in cable (traders seem to like putting buy orders in around 50 level).  Stops won’t be too far below there. … Continue reading


April 22nd, 2010 00:12:13 GMT.

No sign of Toshin demand; straight USD/JPY selling


Only USD/JPY is moving at the moment, down 20 pips since the release of the latest trade data and the lower Nikkei is fuelling the selling. EUR/USD, cable and AUD/USD are all pretty much unchanged.


April 21st, 2010 12:40:10 GMT.

Cable steady in early trade


Cable sits at 1.5395, not a whole lot different from where it closed out in North America Tuesday, namely around 1.5370. Hearing Reserve Bank of India sold up at the 1.5435/40 highs in Europe. Also hearing US investment bank has … Continue reading


April 20th, 2010 21:23:01 GMT.

Macro trading strategy: short GBP/AUD


(Apologies, I know I mentioned this yesterday but forgot to post it) This strategist team uses a combination of fundamental, technical and market indicators and they trade on a fairly long term time frame. Their arguments relate to the state … Continue reading


April 20th, 2010 13:44:52 GMT.

Cable some way from session high


Cable sits at 1.5360, some way from days session high of 1.5432. Talk buy orders 1.5310 down to 1.5290 with stops seen through 1.5280.  On topside sell orders noted up at 1.5440/50. Something of interest.  British Petroleum is to announce … Continue reading


April 19th, 2010 12:49:39 GMT.

Nick Clegg for PM?


Tell me it ain’t so!! Latest odds from Ladbrokes, UK’s largest bookmakers Conservative overall majority 11/8 Labour overall majority              14/1 Liberal overal majority                20/1 No overall majority/hung parliament  4/6 Meanwhile cable sits at 1.5265, about a big figure down from … Continue reading


April 19th, 2010 09:28:11 GMT.

Fresh Lows for EUR/USD and GBP/USD


The lack of an meaningful bounce has said it all today. EUR/USD (1.3426) and GBP/USD (1.5202)  have just hit fresh lows for the session. The continued blow-out in the Greek CDS swaps is weighing on EUR/USD whilst GBP/USD is getting … Continue reading


April 15th, 2010 14:43:14 GMT.

Risk appetites revive


Risk appetites have improved with the market taking in stride the strong likelihood that Greece will trigger its aid package with the EU and IMF after a meeting next Monday with tall of the above plus the ECB. Cable has … Continue reading


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