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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
looks like it's preparing to go higher.... break below 6260 would see a selloff though...
good luck..
I'm new here and came to gain new knowledge.
Did anybody hear anything about Anna Monti and her forex freebot ? There are a lot of stuff in the web but nothing specific at the same time.
waiting for reply :)
China's surprise rate hike keeps the focus on the inflationary genie and the various global central banks attempts to keep it in its bottle. Chinese non manufacturing PMI earlier this week suggested prolonged robustness as does this mornings HSBC services PMI for March, which came in at 51.7 as Chinese authorities strive to front load their fight against inflation. Todays UK focus ahead of tomorrows key rate meetings remains on the pound with the release of Feb industrial and manufacturing production data with expectations of increases of 0.4% and 0.6% respectively. While there is also the small matter of a PORTUGUESE BOND AUCTION TODAY of EUR 1bn of six and twelve month bills after another Moodys downgrade yesterday, we also have Eurozone final GDP numbers for Q4, with no change expected from the previous print of 0.3%. Yesterdays weak Ezone Feb retail sales shows consumers remain as cautious as they are in the UK, despite similarly positive PMI figures. EURUSD nears CONFLUENCE RESISTANCE OF 1.4280. EURCHF breaks above key resistance and its 2011 highs around 1.3200, from its double bottom lows at 1.2400. If sustained, could pave the way for 1.3500. GBPUSD resistance now elevates near 1.6350 and USDJPY is set to test the 85.90 trendline resistance from the 2007 highs at 124.00.
By KM - AshrafLaidi.com Staff
Ashraf
30 day training course for a mid 20's smart looking young man to become a business consultant with earnings expectations, you name it. They would call at my company without any appointment offering to do a business appraisal. This for a highly specialised company they couldn't possibly know anything about. That was the world we entered by 95 and downhill ever since. I became a trader, sell anything at a minute's notice, who needs to work for govnmt to louse up !