$FB is so hot that Nasdaq brought the bell to them. However, $FB Friday didn’t change profit-taking week end flows leaving sterling a mixed bag on the week. $GBPNZD has been a monster breaking out to new highs again this week. $GBPAUD and $GBPCAD, meanwhile, chopped around in wide ranges. And the $GBPJPY and $GBPUSD fell hard. A $GBPUSD close BELOW 1.58 is as big a deal as a close below 125.00 is for $GBPJPY. Those cracks we noted all week in this digest seemed to widen a bit more today.
- GBPJPY Moves Below 100 Day MA (Forex Live)
- Fib RETRACEMENT Taken from the March Advance shows interim support at 1.5750 (Chart.ly)
- Britain says ECB could do more to suppport demand (Reuters)
- Lloyds’s Williams Says BOE Must Preempt Need for QE (Bloomberg)
- BoE and Fed Ignite QE Hopes (Currency Solutions)
- Merkel under pressure at G8 for eurozone economic stimulus package; Cameron seeks to build ties with Hollande (Open Europe)
- Facebook on SecondMarket (SecondMarket)
- Facebook Seeks To Be Infrastructure (Bloomberg)