Just wondering if this will have any effect on currency?
http://www.channelnewsasia.com/stori...272581/1/.html
regards
jest
http://www.channelnewsasia.com/stori...272581/1/.html
regards
jest
Cable Update - Continued 102 replies
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Disliked1) today is the day its going to break 2.0060.
2)dont mind me Im a noob.Ignored
DislikedApril 26. Option-related sell interest has reportedly helped to prevent cable
vaulting 2.0062 (yesterday"s high) since the Nationwide"s 06:00GMT disclosure of
stronger-than-expected UK house price data. A Swiss name was reportedly a big
seller into 2.0062 yesterday.
There is also speculation that M&A-related supply may be helping to keep a lid
on GBP/USD. The M&A deal-in-the-frame is AstraZeneca"s $15.6bn cash purchase of
MedImmune. Prior selling related to that deal helped depress sterling to a
one-week low of 1.9955 on Tuesday. An exotic option barrier is tipped at 1.9950.
Sterling bids are noted at 2.0000/05. 2.0005 was yesterday"s NY session low.
Middle Eastern buying of cable was seen yesterday and Tuesday.
According to the Nationwide: UK house prices have risen by another 0.9% this
month--a 0.6% increase was forecast, and stand 10.2% higher on an annualized
basis. BoE MPC member Paul Tucker is slated to speak at 14:05GMT. Tucker voted
against January"s 25bp UK rate hike. [email protected]
[IFR Forex Watch]
[SQUAWK BOX]Ignored
DislikedMy broker's high for the day is 2.0059; my Sell Limit @ 2.0060 wasnt triggered. Just great!Ignored
DislikedMine only reach .0058. Seems like taking another swing to test .0060 again. Anyone going to dip fishing again??Ignored
DislikedMine only reach .0058. Seems like taking another swing to test .0060 again. Anyone going to dip fishing again??Ignored
DislikedReversed H&S forming in the 4hr? Neckline (guess who?) 0060, target 0131?Ignored