Author Archive

• Sterling Digest: February 5, 2012
  faithmight, February 5th, 2012 at 12:17 pm, Comments: 0

  Last week, bulls and bears alike waited for $GBPUSD to correct its rally. The only thing the market gave us were shallow retracements that found [...]

• Sterling Digest: February 2, 2012
  faithmight, February 2nd, 2012 at 6:54 am, Comments: 0

  More market participants see sterling going higher now across the board. It isn’t very surprising to see a melt up into next week’s Bank of [...]

• Sterling Digest: February 1, 2012
  faithmight, February 1st, 2012 at 10:27 am, Comments: 0

  $GBPUSD has confirmed suspicions of a trend reversal today with its breakout above the key 1.5770 resistance level. This level had capped rallies since December [...]

• Sterling Digest: January 31, 2012
  faithmight, January 31st, 2012 at 7:57 am, Comments: 0

  Today is the last day of the month. In the forex market, the month end tends to be significant day. The last day of the [...]

• Sterling Digest: January 30, 2012
  faithmight, January 30th, 2012 at 9:32 am, Comments: 0

  A very quiet week on deck with the economic calendar very light out of the UK. This week, all traders and market participants look ahead [...]

• Sterling Digest: January 27, 2012
  faithmight, January 27th, 2012 at 5:05 pm, Comments: 0

  GDP numbers from both the UK and the US were released this week. The British economy slipped into recession while the US economy actually grew [...]

• Sterling Digest: January 26, 2012
  faithmight, January 26th, 2012 at 8:46 am, Comments: 0

  As currency traders, keeping tabs on central banks is so important. The contrast in central banks generally helps dictate price action and long term trends. [...]

• Sterling Digest: January 25, 2012
  faithmight, January 25th, 2012 at 8:59 am, Comments: 0

  The Bank of England is clearly dovish even as they decided to unanimously hold on monetary policy this month. UK GDP showing the British economy actually [...]

• Sterling Digest: January 24, 2012
  faithmight, January 24th, 2012 at 9:43 am, Comments: 0

  Traders look ahead to Mervyn King’s speech later this afternoon. Governor King has a great reputation for consistently talking down sterling. Given the gloomy fundamental [...]

• Sterling Digest: January 23, 2012
  faithmight, January 23rd, 2012 at 7:58 am, Comments: 0

  Sterling bullishness has dissolved into pronounced weakness across the board except versus the USD. USD weakness dominates to open the new trading week with $EURUSD [...]