Time to load up on the EURO again

The EUR has held despite this weeks theatrics. Greek restructuring is apparently off the table, for now at least. In translation, the ‘strong advice and preference of the ECB has prevailed’ over Euro politicians grandstanding. There are even some tentative signs in Greece that a...

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Euro has found its Mojo for now

Is this false hope? Germany softening its stance on restructuring demand is helping the EUR. While the market focuses its attention on the Germans, its the Greek’s ability to do or not do that we should be honing in on. No demand of an early...

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Pound Dollar Forecast 24 Mar 2011

With this week’s data showing the UK inflation rate at almost 5% and likely to get worse, it is really only a matter of time before interest rates start to rise. The technical picture on the monthly gbp usd chart would seem to support this...

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Pounds to Dollars 26 Jan 2011

My post on pounds to dollar pair which is posted on my personal blog.   Markets now waiting for outcome of this evening’s FOMC meeting and despite yesterday’s appalling UK gdp figures sterling may in fact bounce back. Key technical areas:  Must break above USD1.5927...

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Pounds to dollars forecast – 16th November 2010

The pounds to dollars pair continued its recent sideways consolidation once again yesterday, ending the currency trading session with a relatively wide spread down candle closing at 1.6040, just below the 14 day moving average once again. Whilst the euro dollar has fallen sharply as...

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Pounds to Dollars Forex Forecast 10 Nov 2010

Unlike the euro vs dollar, the pounds to dollars pair has recovered much of yesterday’s lost ground which saw cable extend losses for a third trading session ending as wide spread down candle with small wicks to both the top and bottom.  Yesterday’s price action...

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Pounds to Dollars Forecast 8 Nov 2010

The pounds to dollars pair closed last week on a mildly negative tone with Friday’s candle ending as a relatively wide spread down candle as the pair pushed further into the deep price candle between USD1.60 and USD1.67.  Friday’s pullback was prompted by a minor...

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Pound to Dollar Forecast

The pounds to dollar pair has finally pulled away from the USD1.60 price level following yesterday’s FED statement ending the forex trading session as a relatively wide spread up candle closing at USD1.6106 and as such holding above the key USD1.6089 price handle.  As such...

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Forecast for the GBP/USD – 1st November 2010

The positive sentiment following Thursday’s wide spread up bar spilled over into Friday’s forex trading session with cable continuing its recent upwards momentum, breaking and holding above the psychological USD1.60 level to end at US1.6044.  On the day, cable recovered from a low of USD1.5876...

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