Archive for February, 2013

  • Sterling Digest, February 25 2013: hardly at extreme levels
    Posted by on February 25th, 2013 at 3:09 am, Comments: 0

    Sterling weakness accelerated last week and culminated in the UK loosing its AAA credit rating on Friday. Now that monetary policy is dovish, economic activity [...]

  • Cable Drops to Fresh Lows
    Posted by on February 20th, 2013 at 2:38 am, Comments: 0

    And this is the zone (between 1.53 – 1.5230) everyone is watching. We have failed 5 times in the past 3 years to break lower [...]

  • The Other Side of The Euro Party
    Posted by on February 18th, 2013 at 9:26 am, Comments: 0

    On Friday, I laid out price action that could suggest a weak euro in the short term. Today, Kathy Lien laid out the fundamentals that [...]

  • Sterling Digest, February 18 2013: serious shifting
    Posted by on February 18th, 2013 at 8:10 am, Comments: 0

    One of the most interesting bits of news last week that went largely unnoticed was Ray Dalio’s positive take on sterling. Talk about a bold, [...]

  • Is The Euro Party Over?
    Posted by on February 15th, 2013 at 7:58 am, Comments: 0

    The $EURGBP wowed traders last month as it staged a rally not seen in several years. However, since then ECB officials have shown mild disdain [...]

  • A Kiwi Breakout
    Posted by on February 14th, 2013 at 2:34 am, Comments: 0

    The $GBPNZD has officially broken out on the larger timeframes in Wednesday’s trading session. After breaking below the major psychological level of 1.85, the pair [...]

  • Sterling Digest, February 11 2013: a fading rally
    Posted by on February 10th, 2013 at 2:51 pm, Comments: 0

    GBP ended last week in consolidation as the technicals were helped in large part to the fundamentals when UK economic data surprised on the strong [...]

  • Is The Weak GBP Trade Crowded?
    Posted by on February 7th, 2013 at 4:56 am, Comments: 0

    Sterling has spent most of the new year in the dog house. It has tumbled against every major currency with the exception of the Japanese [...]

  • Sterling Digest, February 4 2013: week of the central banker
    Posted by on February 4th, 2013 at 6:38 am, Comments: 0

    This is the week of central banks as the market looks ahead to 3 central bank announcements from the Bank of England, the European Central [...]

  • The NFP Dollars
    Posted by on February 1st, 2013 at 4:55 am, Comments: 0

    As the market awaits the first non-farm payrolls (NFP) release of 2013, the Australian and New Zealand dollars have wildly diverged in price action this [...]