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Market Technical Update
Trading advice: Trade with the range Although the pair is currently trading sideways on a daily basis, a good idea would be to take advantage of the current range for short term trading. The pair has found support around 1.352 and since then has slowly rebounded..Use the 1.352 as support with a target of the 1.369. [...]
Continue reading...FX sentiment cautious, Euro and Sterling slide
8. March 2010
The Euro and the Sterling gave up earlier gains from last week as risk aversion play weighed on the high yielders. Last week the high yielding currencies among them the Euro and the Sterling were able to recover losses and rebound against the Dollar and the Yen as better than expected job figures lifted [...]
Continue reading...Technical Update-Ahead of BoE rate decision
4. March 2010
Pairs you should watch GBP rebounded , watch out of the 1.515 resistance a daily close above 1.515 would mark 1.53 as the next target For more on the BoE and ECB rate decision see our latest review
Continue reading...One Day, Two Rates
2. March 2010
In Thursday market eyes will focus both on the EU and UK rate decisions. Both the Euro and the Sterling have been under strong selling pressure lately the Euro pressed down by the Greek debt issue and the Sterling by the looming political instability. The selling pressure on the Euro eased somewhat in recent hours [...]
Continue reading...UK Unemployment
17. February 2010
eToro News Wednesday, February 17, 2010 Sterling traded rather stable in recent days as upbeat UK inflation figures and EU credit woes shifted selling pressure to the Euro. The cable bottomed around 1.553 against the Dollar and settled around 0.87 against the Euro. Although the Sterling has been rather exposed to selling pressures not so long [...]
Continue reading...ECB and BoE Rate Decisions Today
4. February 2010
Bank of England - 12:00 GMT On the first rate announcement of the day, due at 12:00 GMT, the Bank of England is likely to keep interest rate unchanged at a record-low of 0.5%. Investors’ polls coincide almost unanimously to this forecast, pointing out in addition that they expect no further increments to the BoE’s [...]
Continue reading...UK In the spotlight
26. January 2010
A head of the GDP figures due today investors ask themselves is the Sterling rally getting cold? Lately the Cable gained bullish momentum against the Dollar and the Euro as key indicators in the UK were becoming more upbeat, signaling the UK recession has ended or very close to end. UK housing prices rose with [...]
Continue reading...Cable , Euro and AUD - 21-01-2010
20. January 2010
Cable Euro went down and Cable kept holding. Well it can happen but given the levels Euro has gone , it is a bit unnatural. I strongly feel , there is more downside still left for Cable. If we look at the daily chart the shooting start candle two days before is already making things a [...]
Continue reading...Cable , Euro and Aud-20-01-2010
19. January 2010
Cable- Finally !!!! Phew!!!!!. I was waiting for this for quite some time and I am in position to got rid of number of my positions but not yet. My guess given the behaviour yesterday that It will try to go more down now. This drop has happened over the time and not as a sharp [...]
Continue reading...Cable , Euro and Aud-19-01-2010
18. January 2010
Cable - Ok Now I am a bit worried. It has taken a good jump and looks like it may extend the jump based on CPI announcements today. My equity can protect a fair jump but I am not sure I understand this jump as a normal market action . if I compare [...]
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10. March 2010
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