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Sterling Digest: March 5, 2012

Twenty pound bill by Images_of_Money, on Flickr
Sterling on the rise

Sterling is strong across the board this morning. Despite less-than-expected UK Services PMI, sterling has managed to catch a bid versus many of the major currency pairs this trading session. The only exception at the moment is the $EURGBP, as euro strength battles sterling strength making for a very small range in the pair today.

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Sterling Digest: March 4, 2012

Currency wars The Economist
Pretty much akin to 5 central bank decisions in 1 week

This week is packed with event risk as market participants get ready for interest rate decisions from 5 major central banks this week, including the Bank of England, as well as the US NFP. Traders should be ready for what will no doubt be a very volatile trading week.

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Sterling Digest: March 3, 2012

Greece bailout
And in other news this week, Greece got bailed out again...I think...

$GBPUSD finally reached the major psychological level of 1.60 this week with the high at 1.5992. $GBPJPY breached its major psychological level of 130.00 with its high of 130.11 this week. However, both pairs finished the week with a healthy pullback as sterling weakened versus most of the majors on Friday. The $EURGBP was an exception as that pair probed new lows on the week at 0.8314 on across-the-board euro weakness.

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I’m LIVE!

What a professional journey it has been for me these past 3 years. When asked to do a personal blog, I passed on this opportunity when first presented to me almost 9 months ago. I didn’t think myself ready or even worthy to present ideas under my own brand. Tweeting is one thing. Even being an editor of a blog is a very different thing. I can hide (more or less) amongst other traders and opinions. But under my own blog, it’s just me all the way out there. I had done it before but on StockTwits it’s just a completely different level of authority and respect so I had to be sure that I could represent.

Thankfully, opportunity knocked twice and I was a fool only once before. I snapped on it this time. I put things in place and finally here we are. It’s been quite a journey. From trader to tweeter to editor and now my own personal forex blog. Thank you StockTwits! Let’s do this!