March 2nd, 2010 12:31:21 GMT

Cable extends rally

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Cable has extended rally, presently at 1.4980.  Decent buying by hedge fund has been noted. Earlier there had been talk of sell orders up at 1.4990/00.  Guess stops won’t be too far north of there.  Exactly where, haven’t a clue.

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March 2nd, 2010 07:09:47 GMT

EUR/GBP tacks on quick 20 points

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EUR/GBP is on the march, tacking on a quick 20 points, presently at .9085.  In the back of my mind I’ve got Barclays Capital’s .9230/40 target.  Personally hope they’re going to be right. Cable is down at 1.4855.  It wouldn’t be … Continue reading

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March 1st, 2010 16:11:58 GMT

US investment bank gobbling up EUR and GBP

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Traders report a powerful US investment bank buying loads of EUR/USD and GBP/USD. Probably covering shorts….EUR/USD is at 1.3505, GBP/USD at 1.4967. EUR/USD bottomed at 1.3460 on this latest slide and cable is bouncing from 1.4879.

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March 1st, 2010 13:17:46 GMT

Oh my…

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So much for sleepy Mondays… Cable is leading the currency spiral this morning as the Prudential PLC deal to buy AIG’s Asian business for $25 bln in cash and over $10 bln in stock helped tip the scales against the … Continue reading

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