The European elections did not go well for Gordon Brown’s Labour party but you are going to have to make your own mind up as to whether this is good or bad for the pound, as I’m not too sure. Cable has topped out at 1.66 and falls back towards 1.50 look on the cards but the uptrend recovery is still strong and if the market senses that a change of government may be on the cards in the UK, then that might be a signal for another sterling rally.
Labour facing disastrous election results
Source: www.forexlive.com
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China’s Industrial Output for May rumoured to be higher than expected
There is a story printed in today’s HK newspaper, Ming Pao Daily, that the upcoming Chinese May Industrial Output number will show growth of 8.9% yoy. If this is true it will be much greater than the median forecast of 7.6% that the market is expecting and should cause a stir in the currency...
EUR/USD Snaps 2 Days of Growth as U.S. Fundamentals Disappointed
EUR/USD fell by the largest extent since April 27 today as the U.S. macroeconomic indicators failed to maintain the bullish interest in the high-yielding currencies. The oil inventories rose also pressing on the oil prices and thus on the commodity currencies....
Lions Gate Shares Pop 4.3% On TV Guide Stake Sale Rumor (LGF)
Lions Gate (NYSE:LGF) shares are catching a bid today, up 4.3% today, after the NY Post reported the company was looking to sell its stake in...
themarketbrothers: Live FOREX day trading
On this blog you'll find our opinions and analysis on various markets and instruments, including stocks, options, currencies, and commodities. Enjoy! 6/04/2009. Live FOREX day trading. Enjoyed stealing 45pips from the market today. ... themarketbrothers -...
GBP-USD-daily review by Real-Forex
GBP-USD Date: 08.01.2012 Time: 16:40 Rate: 1.5428 Strategy: Short/Long 4 Hour Chart The price is very close now to the lower ranging level on...