Sterling Digest, May 22 2013: King starts the exit
- Posted by faithmight on May 22nd, 2013 at 1:47 am
- Comments: 0
King’s last stand
The $GBPUSD is now 2 weeks into May and its seasonality trend is still in play. These are the times traders sit on their hands and do nothing to allow their winners to run. Sell in May has never rang so true. Fundamentally, BoE Governor King used his final inflation report to start the exits from the Bank of England. Last week’s speech might have been the 1st time that sterling ever rallied on comments from Governor King. Nonetheless, $GBPUSD opened this new trading week below 1.5230 signaling further losses ahead.
- Seasonality in GBP/USD (FaithMightFX)
- GBPUSD flag pattern may be in play (StockTwits) [CHART]
- The charts I am looking at right now (FACTOR) [PDF]
- GBP/AUD – Major Trend-line in Jeopardy ahead of UK Data (GlobalfxClub)
- UK Market Open (Reuters) [VIDEO at 2:20 mark]
- The British Pound Is A Bargain (Seeking Alpha)
- Is the UK facing a fiscal crisis? (FT Alphaville)
- UK retail sales april: m/m -1.3 % vs 0.0% exp (Forex Live)
- BOE MPC minutes: vote on holding QE 6-3 vs 6-3 prev (Forex Live)
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Seasonality in GBP/USD
Posted by faithmight on May 9th, 2013 at 5:43 am, Comments: 0Seasonality is an interesting trading edge. Like correlation, it works until it doesn’t. Taking a closer look at the $GBPUSD seasonality pattern: the pair rallies [...]
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Sterling Digest, May 7 2013: April tops, May bottoms
Posted by faithmight on May 7th, 2013 at 2:10 am, Comments: 0Cable ended April hitting the 50% Fibonacci retracement level to the PIP. Pretty impressive for a 30-day rally. As $GBPUSD tops out at 1.5606, it [...]
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Sterling Digest, April 30 2013: April rallies bring May selloffs
Posted by faithmight on April 30th, 2013 at 12:23 am, Comments: 0Today is the last day of the month and sterling has enjoyed April. $GPBPUSD closed last week at 2-month highs with a rally that finally [...]
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Sterling Digest, April 23 2013: bears in bulls’ clothing
Posted by faithmight on April 23rd, 2013 at 2:20 am, Comments: 0It’s the last full week of April. Then the bears come in. “Sell in May”, as they like to say. Sterling has been enjoying a [...]
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Sterling Digest, April 16 2013: terror attacks
Posted by faithmight on April 16th, 2013 at 5:22 am, Comments: 0What happened Monday? What a trading day. Commodities fell off a cliff in a real scary way. $GBPAUD, $GBPNZD, and $GBPCAD rallied over 200 pips [...]
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GBPUSD Back In Play
Posted by faithmight on April 15th, 2013 at 2:47 pm, Comments: 0Here is an chart update for “GBP/USD Can Still Go Higher” posted last week. Buys were never initiated (for me) with price above 1.5300 last [...]
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Euro Strength Is Ridiculous
Posted by faithmight on April 14th, 2013 at 12:49 am, Comments: 0Analysts called for $EURGBP to firm since Cyprus blew over. I couldn’t believe it. After Cyprus then Slovenia and Portugal scares, calls for the $EURGBP [...]
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GBPUSD Can Still Go Higher
Posted by faithmight on April 8th, 2013 at 11:43 am, Comments: 0Last Friday, $GBPUSD moved beyond the 1.5250 resistance that has capped rallies since February. This price move is pretty significant and sets cable up for [...]
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Sterling Digest, April 8 2013: freedom to grow
Posted by faithmight on April 8th, 2013 at 5:39 am, Comments: 0As expected last week, sterling has strengthened though mostly on the back of weaker fundamentals elsewhere in the world. The weaker-than-expected US jobs report helped [...]
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Lydia Idem has been investing in equities for 16 years and actively trading currencies exclusively for 7 years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. You can follow Lydia on Twitter and StockTwits... More » -
Recent Posts
- Sterling Digest, May 22 2013: King starts the exit
- Seasonality in GBP/USD
- Sterling Digest, May 7 2013: April tops, May bottoms
- Sterling Digest, April 30 2013: April rallies bring May selloffs
- Sterling Digest, April 23 2013: bears in bulls’ clothing
- Sterling Digest, April 16 2013: terror attacks
- GBPUSD Back In Play
- Euro Strength Is Ridiculous
- GBPUSD Can Still Go Higher
- Sterling Digest, April 8 2013: freedom to grow
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