That would seem to sum up the prognosis for 2009-2010 from the Confederation of British Industries. Sterling is steady this morning at 1.6440 and .8515 against the USD and EUR respectively.
UK economy weak but improving
Source: www.forexlive.com
Read more...
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...
The Elliott Wave Principle
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and...
USD/CAD testing 200 Hour Moving Average | Forex News and ...
USD/CAD testing 200 Hour Moving Average and above this, the Fibonacci 50% level from the long term Weekly chart is looming near 1.1070. Watch for. Forex News and Commentary by FXDD -...
Slow start to week for Asia; sterling weakness a feature
There hasn’t been too much change in overnight Asian trade. Sterling weakness is a feature as the market frets about the future of Prime Minister Gordon Brown. Cable is down at 1.5930 from a North American close Friday around 1.5980, while EUR/GBP is up at .8780 from around .8740. Interesting...
FOREX VIDEO - Pre London Outlook September 24th 2009
Hi everyone, with lots of news today it’s left our charts in a somewhat of a technical shambles. However it does look like we are about to see a dose of dollar strength. As weak as the dollar has been over the last month, moving forward in a conservative cautious manner makes the most sense. For...