bit of support for cable at 16688 a past fib. further at 16640 and then 16605. eurgbp has started firm so looks like we are going up before we fill in last weeks range. approaching res at 8330 so have morning cable short at first support mentioned.
eurgbp expected to see 8275/80 this week, if not then a move through 8350 almost certain by end of week.
london red 08:14:54 GMT - 03/10/2014
re eurgbp, to be clear, any move to 8275/80 seen as correctional with a stronger weekly close expected following last weeks bullish breakout. only below 8250 picture changes to bearish and a retest of 8167 support.
GVI Forex Jay Meisler 14:16 GMT 03/10/2014
3/10/2014 10:15:28 AM (UK) BoE's Bean: Against BoE getting too hung up on the precise date it expects to start raising rates, unlikely to see rates above 2-3% for some time
- More GBP strength could damage rebalancing process, would hold back exports.
- There are clear signs the UK recovery is underway, to return to pre-crisis productivity growth eventually.
- Business investment to take over from household demand as key driver of recovery.
- Keeping a close watch on housing, low supply and high rate of lending creates risks.
- Follow up: - BOE to sell GILTs only when recovery is assured, BOE may not be able to sell all GILTS it has purchased
- Current natural unemployment rate expected at 6-6.5%
- Past experience argues against benefit of intervening on Sterling, if Sterling appreciates in value, policy would remain lower for a longer period
- May take approx 3 years before the EMU recovery can become stronger
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.