FXstreet.com (Córdoba) - GBP/USD is falling sharply across the Asian session following the GBP/JPY plunge. GBP/USD has lost almost 120 pips on Tuesday and ...See all stories on this topic »
Forex: GBP/USD slumps and breaks below 1.5800
Source: community.nasdaq.com
Read more...
Irish PM survives confidence vote
First Gordon Brown survived the worst week of his political life and now the PM of the struggling Republic of Ireland has survived a confidence vote. With Ireland in financial disarray, wide politicians will wait on the sidelines rather than trying to catch a falling knife. EUR/USD is consolidating...
Cable slides in early trade
Cable is starting the new week on the defensive, presently down at 1.5810. The Centre of Economics and Business Research, in its latest UK prospects, is predicting the Bank rate will remain at 0.5% until 2011. They also expect the Old Lady to do further quantitative easing, feeling that the...
JPY firms in Asian trade
The JPY has seen across the board strength in overnight Asian trade, with a pick up in caution evident. USD/JPY is down at 94.00 from a North American close Monday up around 94.50, while EUR/JPY is down at 134.50 from around 135.10. Chinese stocks have been hit again. Yesterday’s cautious...
Short-term model going long EUR/JPY
First up, as a disclaimer of sorts, this model has been wrong on the last two trades that I have seen from it. I’m not sure if that’s a good thing because it’s due for a win or a bad thing because it’s out of form. This model works off very short term charts and mixes trend...
Latvian budget vote Tuesday
Should pass, says parliament budget chief. If it fails, look for some EUR weakness owing to concerns to western European banking exposures and fears of a domino effect. A few oither tidbits: Traders note good selling of cable from German names in the last few minutes. There is also talk of large...