Forum - GBP (Topic)

DaveO

UK

Posted Anonymously

13 years ago

Apr 15, 2011 16:07

I agree that Subz. 6550 my next level at 127.2% on the nail. Its making a terrible fuss getting there :-)

subway90

Posts: 1078

13 years ago

Apr 15, 2011 11:46

lucky...

not sure about your 1.70.....
assuming 6425 is taken out... 6550 looks very likely.... need a weekly close above that level for any chance of moving to 1.70.... above 6550... still have to cope with 6900....

well if you're really LUCKY.... it might happen...:) but definitely not in few days....
gl/gt

lucky

ibadan, Nigeria

Posts: 377

13 years ago

Apr 15, 2011 11:29

i said 1.6425 is possible double top is is still holding but if its taken see you 1.70 in fews days

DaveO

UK

Posted Anonymously

13 years ago

Apr 12, 2011 12:00

As a retired boomer I should be vying for higher rates as my savings lodged in "secure" places return no more than 1% yet during my entire 33 year biz carreer borrowing costs were very much higher than today's youth enjoy. But, when I was in business I learnt how critical is good sound governance and economic management. I learnt this by experiencing one administration after another being completely incompetant on many fronts and this has ruined our country.

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Apr 12, 2011 11:49

I suspect today's uk #'s will prove to be the start of Mervyn King's restoration of credibility, his justification for keeping rates on hold in the face of naive mkt pressures and much press critique. He is the best BOE leader we have had for a very long time indeed.

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Apr 12, 2011 7:11

KM - AshrafLaidi.com staff

FALLING GBP TURNS to UK CPI for possible support following the IMF downgrade and continuously dismal RICS survey. The Bank of Canada is expected to hold, while Portugal hosts the IMF rescuers. UK MAR CPI seen at 4.4% y/y, a conservative figure considering the recent surge in oil prices. A figure above 4.5% could well increase the odds for a May rate hike. UK Feb trade balance expected to have deteriorated from January's 7bn to 8bn. Key GBPUSD resistance stand between the recent highs at 1.6430 and the 2010 highs at 1.6460, while against the single currency there appears to be some significant resistance between 0.8850/60. Cable support at 1.6270 could be broken on downside surprise.

KM - AshrafLaidi.com staff

Ashraf

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Apr 12, 2011 0:54

The IMF GRABBED THE HEADLINES by CUTTING US & UK GROWTH FCSTS. US 2011 GDP fcst was cut to 2.8% from 3.0% in January but this just follows similar moves from Wall Street economists. The IMF said rising commodity prices appear unlikely to derail the recovery the lack of conviction in the wording is a tad worrisome. The overall forecast for worldwide growth was bumped to 4.5% from 4.2% in October on developing market strength. UKs 2011 GDP fcst was cut to 1.7% from 2.0%, while keeping next years fcst intact at 2.3% .
ASIA PACIFIC PREVIEW:

APRIL UK RICS survey on house prices remained unchanged at -23%, showing similar pace of declines, while the BRC Retail Sales monitor fell 3.5% y/y from -0.4%. GBP EXTENDS LOSSES to $1.63350, while EURGBP looking to break 0.8850 barrier for the next key medium term target at 0.9930.

From AB - AshrafLaidi.com Staff

Ashraf

abundance

Singapore, Singapore

Posts: 27

13 years ago

Apr 10, 2011 14:51

Iceland Rejects Debt Deal To Repay Billions. UK and Netherlands to sue Iceland.

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Apr 8, 2011 7:27

UK inflation expectations are put to the test today by the release of UK March PPI.

Back to a tamer calendar in the way of economic data releases today with UK PPI for March expected to invite further debate about the Bank of Englands decision to hold rates yesterday. Factory gate prices have CONTINUALLY LED the official inflation numbers which are due out next week, therefore, these are expected to be no different and are expected to remain elevated. Year on Year input prices are expected to come in around 13.2%, down from prior months 14.6% while core output prices are seen around 3%.

GBP regains $1.6350s foundation after bouncing off 1.6260 support, now eyeing the 1.6460s highs from last year as the next key objective. EURGBP has yet to surpass 0.8850. EURUSD looking to regain $1.44 despite Trichets coyness on whether or not there would be plans to raise rates again. Keep an eye on 1.4580, which is the high from last year.

JOIN ASHRAF IN LONDON TODAY & TOMORROW at the Traders Expo, where he will give his latest insights about FX, falling GOLD relative to energy prices and the latest on Ezone whether it matters. MORE DETAIL HERE:http://bit.ly/ ejFQxz

By KM - AshrafLaidi.com Staff.

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Apr 7, 2011 21:30

For further gbpusd upside I have 6550 as next signif target level being 127.2% ext ret of the last swing down, basis daily t/f