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Cable under pressure
Cable is under heavy pressure early, presently down at 1.5870 from an early 1.5930. The USD is seeing across the board strength, while sterling is weak in it’s own right as the market continues to fret over Brown’s future. Technical support now lies at 1.5850/55. Could well be sell...
EUR/USD spread patterns and history, 2003-2009
This article begins a series dedicated to forex spread (to be defined below as half the difference between bid and ask prices). In the series, a separate article will be dedicated to every forex pair we track. The issues of interest are evolution of spread in time, stability of spread during the...
Monetary Policy Week in Review – 19 Nov 2011
The past week in monetary policy saw just 6 central banks announcing interest rate decisions. Of those to change interest rates, Rwanda...
Say Happy Valentine’s Day with Flowers and Chocolate
It is Valentine’s Day, but for flower and chocolate retailers, today is really the SuperBowl. 1-800 Flowers founder Jim McCann said the...
Slightly steadier picture in Baltics will also be helping euro
Things are looking a little steadier in the Baltics, which will be lending the euro some support. The Lat has seen some improvement this morning, as the market awaits news that the Latvian cabinet has agreed to slash 500 mln lats of public spending in 2009. Confirmation of the cuts is expected to...