Sterling Data Release-GDP

October 24, 2014 GDP (YoY)- Expected at 3.0% and came out at the expected the figure. GDP (MoM)- Came out at an expected 0.7%. We have seen cable begin to make a move on the upside!

Buying the Aussie dip

October 23, 2014 Good day, The Aussie just had a nice dip of about 30 points. It has been trading in a range of about 100 points, so now is a good opportunity to pick it up. I like going long here with the stop outside the support of about 40-50 points lower. I am initially targeting about 90-100… View Article

Sterling data release- Retail Sales

October 23, 2014 We had some sterling data out earlier, which was Retail Sales (MoM). The number was expected out at -0.1% where as the actual figure came out as the actual number came out at -0.3%. So this was worse than expected data and we have seen cable come down to 1.59977.

German Economic Data-better than expected!

October 23, 2014 German Manufacturing PMI (Oct)   51.8 49.5 49.9 We had some German data out today: German Manufacturing PMI came out at 51.8 after it was expected at 49.5. A better than expected number and higher than the previous 49.9 also. More than likely to see EUR make a move on the upside!