Weblog » Tags » pound (all)

  • EUR-GBP

    Interesting piece of information released by Bloomberg today. Barclays Capital was stopped out from its position in EUR-GBP. It is reported that the investment giant went short at 0.9178, targeting 0.8500 level. Trade wa…

  • Chrysler-Fiat.

    We have a new car company. For now it is still Chrysler, but it might change to Fiat-Chrysler or something like that. One of the most amazing bankruptcies of all time was finalized today, when the company won its battle …

  • Banks repaying loans.

    Sign of progress today, in the fight with recession. The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money, which came from Troubled Asset Relief Program. …

  • Beast dilemma.

    I spent some time during the weekend going over the charts of Pound and all its crosses. Some of it was expressed in the last post, but main objective was to sort out my confusion regarding the beast and the dilemma I'm …

  • Active Forex day.

    With holiday a distant memory now, some interesting Forex developments took place. Most note worthy was strength of the Pound. For the first time in seven months or so GBP-USD, the "cable" reached 1.6000 level today. Act…

  • Yen sinks on... good news.

    Japan's Central Bank on Friday upgraded its assessment of the world's second-largest economy, saying that recession may be easing. The BoJ's policy board voted to leave its overnight call rate at 0.1 percent, a move tha…

  • S&P lowers UK outlook.

    In a somewhat surprising move, Standard & Poor's has revised the UK's financial outlook to negative from stable. This creates an unsettling possibility of seeing British debt rating downgraded. The agency reaffirmed…

  • More economic contraction.

    Important economic news were released today. Numbers rather than news, since there was nothing new about announcement. Financial world simply waited for numbers to define how bad the official reality was. Euro Zone econo…

  • Few Forex trades.

    Had a busy day on all fronts. Most importantly trading wise. A lot of trades using all kind of charts, short term, long term and everything in between. Today's developments are very interesting. British Pound once more c…

  • Pound in pain.

    Yesterday, about the time ECB was cutting rates and Euro started its rally, Bank of England also made rate announcement. They decided to leave the rates unchanged. Not much of a surprise, really, considering how low the …

Recent Weblogs