Archive for July, 2013

  • Sterling Digest, 30 July 2013: forward guidance
    Posted by on July 30th, 2013 at 5:32 am, Comments: 0

    The new fancy buzzword in sterling markets is forward guidance and Carney is supposed to deliver a hardline version of it after the Bank of […]

  • GBP/USD Ahead Of Key Data
    Posted by on July 24th, 2013 at 4:07 am, Comments: 0

    The $GBPUSD has met all expectations here with its move right into the 61.8% Fibonacci retracement level of the latest bearish wave. The market now […]

  • Sterling Digest, 23 July 2013: #royalbaby bump
    Posted by on July 23rd, 2013 at 6:41 am, Comments: 0

    The UK monarchy has a new addition and the hype surrounding the birth of the new prince could arguably be called overdone. But sterling opened […]

  • Decision Time For EUR/GBP
    Posted by on July 22nd, 2013 at 3:20 am, Comments: 0

    The $EURGBP is at a crossroads at this 0.8600 level. Of particular interest is this zone between 0.8600 and 0.8570. It has been a buy […]

  • EUR/GBP Reversal At Hand
    Posted by on July 17th, 2013 at 3:44 am, Comments: 0

    I hardly think so. But yesterday I read 2 analyses on $EURGBP that spelled out opposing views on the future direction of the pair. And […]

  • Sterling Digest, 16 July 2013: beware the squeeze
    Posted by on July 16th, 2013 at 4:44 am, Comments: 0

    Sterling sits on a fence depending on which currency you trade it against. After hitting new 2013 lows last week, the $GBPUSD has since rallied […]

  • Sellers Strong But May Need More Time
    Posted by on July 15th, 2013 at 5:15 am, Comments: 0

    The $GBPUSD rallied back to the support/resistance zone between 1.5230-70. But the rally exhausted far earlier than expected. In fact, offers stepped in ahead of […]

  • Bernanke Talks Down USD
    Posted by on July 11th, 2013 at 4:14 am, Comments: 0

    Bernanke gave a speech yesterday afternoon commemorating the 100-year history of the Federal Reserve. However, it was the Q&A portion of the program where Bernanke […]

  • Sterling Digest, 9 July 2013: the Carney effect
    Posted by on July 9th, 2013 at 3:57 am, Comments: 0

    Last week, on the 4th of July, Mark Carney made his 1st move as Bank of England governor. While the BoE did not move on […]

  • The Range Breaks
    Posted by on July 8th, 2013 at 6:44 am, Comments: 0

    Last week the $EURGBP finally broke the range. It broke that range to the upside and confirmed with a close above the 0.8600 range top. […]