Cable ticks higher again

Source: www.forexlive.com

Cable has ticked back up to 1.6325 at writing. Resistances now at 1.6330 and 1.6350/60. I gotta think this rally is more about general profit taking in the EUR/GBP cross than anyone getting excited about the Q-2 GDP revision. The EUR/GBP cross is down at .8790 from an early .8825. Good call Sean. Three cheers…hip hip!!!


Read more...

  • Evil Genius Trade Package

    I consider myself a law abiding, stand-up citizen. You know, I always try to do what’s right. I’m not one that condones cheating or telling secrets. That’s why when I came across this ‘sin’sational package (pardon the pun), I was faced with a Dr. Jekyll and Mr. Hyde...

  • FOREX: Ringgit Closes Slightly Lower Against US Dollar

    KUALA LUMPUR, Nov 18 (Bernama) -- The ringgit closed slightly lower against the US dollar today, dealers said. They said the market was nervous on talks that Indonesia's central bank may restrict foreign ownership of short-term debts. However, one of the dealers said the rupiah later regained its...

  • USDJPY may be forming a cycle bottom at 84.72

    USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend...

  • FOREX-Dollar mostly holds ground after jump from '09 lows

    ... outlook isn't so rosy as many have been saying lately," said Hideki Amikura, deputy general manager of forex trading at Nomura Trust and Banking. ... See all stories on this...

  • Central Bank of Peru Holds Interest Rate at 4.25%

    The Central Reserve Bank of Peru kept its monetary policy reference rate steady at 4.25%.  The Bank said: “This decision...