June 13, 2014
So the answer to our question from yesterday is “no, it is not time to buy EURGBP”, as we warned if Cable goes up and Euro goes down there will be no chance. The question now is it fully reversing and why would it stop? can it go all the way down to 0.65. Well… View Article
June 12, 2014
Dear Traders, I hope you had profitable trades this week. I will start today with Sterling and the UK economy. We have been seeing a lot of improvement in the UK economy as far as the employment, PMI, Industrial Production are concerned. As a result of that, we witnessed an increase in the GBP in the beginning of… View Article
June 12, 2014
We have been talking down Euro for a while now as you may know. We were selling it against the dollar when it was around 1.40 and still believe there is more to the downside there. Our favourite trade has been short EURGBP. I personally was trying to tell everyone on the floor that it… View Article
June 11, 2014
GBP/USD- A fairly decent move on the upside for cable today, reaching session of 1.68106. We saw a pretty large fall on the downside for the pair yesterday, looking oversold in the short term and because of this we saw it jump up. It is most likely the move was on the back of the… View Article
June 11, 2014
The big news just now was from New Zealand. The RBNZ is clearly signalling another hike by September, plus one more after that by the end of the year. We are expecing 2 25bps hikes by the end of the year, one in each quarter. If anything, the tone of today’s statement increases the likelihood of… View Article
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