Cable is seeing acclerated gains this morning, presently at 1.6140. Buy stops are said to have been triggered on breach of 1.6100. Sterling is being bolstered by improving housing data and by the fact PM Gordon looks safe for now. There is also al ot of speculation that sterling is being boosted by postive M&A flows eminaating from the proposed sale of Barclays fund business for $12 bln to $13 bln in cash and stock to Blackrock Inc out of the States. Technical resistances now at 1.6145/50 and then 1.6200
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Cable extends rally
June 9 2009, 9:56am | Comments »
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EUR/USD extends losses
The aforementioned buy orders helped slow the decline in EUR/USD for awhile, but didn’t manage to stop it. We’re presently at 1.3875. Technical support now at 1.3845/50. Slightly heightened risk aversion (S&P futures off 9 points at writing), ongoing concern over the Baltic states and anticipation of an early-ish hike in US rates are some of the factors pressuring the pairing.
June 8 2009, 11:14am | Comments »
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FOREX-Dollar extends gains after US yield jump
By Satomi Noguchi TOKYO, June 8 (Reuters) - The dollar rose against a basket of currencies on Monday extending sharp gains made late last week as US ...
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June 8 2009, 10:09am | Comments »
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FOREX-Dlr up, extends gains made after US jobs data
TOKYO, June 8 (Reuters) - The dollar edged higher against a basket of currencies on Monday, building on its largest one-day gain in more than five months ...
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June 8 2009, 3:56am | Comments »
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