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!!!
Cable ticks higher again
Source: www.forexlive.com
- Tags:
- All
Read more...
Central Bank of Serbia Cuts Repo Rate 25bps to 9.50%
The National Bank of Serbia cut its 2-week repo rate by another 25 basis points to 9.50% from 9.75% previously. The...
Japanese data disappoints
Manufacturer’s forecast orders will fall by over 5% in the second quarter, against expectations of a 0.5% rise by most analysts. This suggests that the Japanese manufacturing downturn is ongoing. The corporate goods price index fell by 5.4% against expected...
Swiss National Bank Keeps Monetary, Currency Policy Unchanged
The Swiss National Bank kept its target for the 3-month franc LIBOR steady at 0-0.25 percent, and reaffirmed its commitment...
New Zealand leave rates unchanged
The NBNZ left rates unchanged earlier this morning amid signs that the severe recession is easing in the land of the long white...
USD/JPY Blocked by our 3rd Tier Downtrend Line
By Fast Brokers - The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of...