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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 15:03
If the mkt reflects upon what King really said, as apposed to what it wanted to hear, the gbpusd will make a full retracement today
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 11, 2011 14:51
Sterling Soars, as FX Focuses on Inflation View

Sterling is the best performer of the day after the bank of Englands quarterly inflation report raised its near term inflation outlook to level higher than projected 3 months ago (see below). The aggressive inflation forecast overshadowed the banks growth downgrade, making GBPJPY, GBPCHF, GBPNZD and GBPUSD the top performing currency pairs out of a group of 38 pairs.

The BoE said inflation would peak at 5% in Q4 2011, higher than the previously projected 4.5%. Inflation would then remain above the 2% target throughout 2012 before falling to 2.4% in Q4, higher than 1.7%. FX markets shrugged the BoE growth downgrade of its 2011 GDP view to 2.7% from the February forecast of 2.9%, with the assumption of no change in interest rates. It also lowered its 2012 GDP growth forecast to about 2.8% from the earlier 3.2%.

GBPUSD hit a high of $1.6517, taking out our $1.6430 stop. Stay tuned for our Premium Piece coming up later today for the latest detail on GBPUSD techs, EURCHF. Euro is the day's worst perfomer.http://www.ashraflaidi.com/ products/ sub01/

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 12:52
DAX reasonably cheerful. ES overnights positive so far.
Machiavelli
Posts: 113
13 years ago
May 11, 2011 12:36
Looks like GBP has some momentum left on low volume. I wonder if the yanks will be oh so cheerful as well.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 12:32
so you did, I beg your pardon. Now you see what I mean about age :-)
Machiavelli
Posts: 113
13 years ago
May 11, 2011 12:30
But I said it earlier: "I'm in Central Europe, meaning the Budapest-Vienna-Murter triangle."
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 12:19
Yeah but you omitted which particular part of your euro zone you work.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 12:16
I been invited to trade other people's account a few times in the past but always rejected on the grounds "monkeys on my back", whining etc. Pretty stress free trading own account. I have helped set up a market profile educational service and moderated RT trading rooms more than once on MP and EWA etc. That's all in the past for me, too old now for the huge commitment required.
Machiavelli
Posts: 113
13 years ago
May 11, 2011 12:12
The important part is in there, isn't it? :)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 12:11
Thx and nice brief CV :-)
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