Archive for August, 2013

  • Is GBP/USD Still Bullish?
    Posted by on August 23rd, 2013 at 6:59 am, Comments: 0

    Getting a lot of questions from traders this morning (PST) asking why the GBP is falling across the board when UK 2Q GDP came out […]

  • Sterling Digest, 23 August 2013: reality bites
    Posted by on August 23rd, 2013 at 4:21 am, Comments: 0

    Carney was supposed to be bearish for sterling. He was supposed to do some monetary magic that would weaken sterling to levels that would jumpstart […]

  • Respect The Zone
    Posted by on August 14th, 2013 at 4:13 am, Comments: 0

    Yesterday, the sterling market experienced a flash rally where an “erroneous” order was filled to buy yards of GBP versus EUR. This sent $EURGBP crashing […]

  • Sterling Digest, 13 August 2013: mixed post guidance
    Posted by on August 13th, 2013 at 3:12 am, Comments: 0

    Sterling has been mixed since the announcement of forward guidance giving the Bank of England (BoE) a dual mandate to target both inflation and unemployment. […]

  • Timing Is Always Important
    Posted by on August 11th, 2013 at 9:17 pm, Comments: 0

    Sterling has completed some big time levels in the past week. $GBPUSD hit one-month highs at 1.5571. $GBPAUD broke out higher to 1.7340. And $EURGBP […]

  • Reversal Territory
    Posted by on August 8th, 2013 at 3:39 am, Comments: 0

    Last week, I started to have a more bullish stance on $GBPUSD. Price had to get back to 1.5000 or it would start to target […]

  • Sterling Digest, 6 August 2013: flavors of guidance
    Posted by on August 6th, 2013 at 4:10 am, Comments: 0

    This week, it is all about the Inflation Report released tomorrow. With no statement released after the Bank of England decided not to change monetary […]

    Posted by on August 2nd, 2013 at 4:46 am, Comments: 0

    We are 20 minutes into the release and this is the only chart that matters. 1.5250 confirms to the upside. Need at least 2 15-minute […]

  • Is GBP/USD Reversal Likely?
    Posted by on August 1st, 2013 at 3:31 am, Comments: 0

    Last week, the $GBPUSD has signaled a reversal higher on its small breakout above the 61.8% Fibonacci level as it rallied off the 1.4813 lows. […]