TON: Trade ON News Plan TIME (GMT) Feb 20th, 2009 09:30GMT News Event UK Retail Sales m/m Forecast -0.1% ~ 0.0% Trading currency GBP/USD Trading condition If Actual Number is equal to or greater than 0.4% Buy GBP/USD If Actual Number is less than or equal to -0.5% Sell GBP/USD Target and Stoploss Target:20-60pips Stop [...] [...more]
News Event GBP CPI y/y Forecast 2.6% ~~ 2.7% Trading currency GBP/USD Trading condition If Actual number is equal to or greater than 2.9% Buy GBP/USD If Actual number is equal to or less than 2.4% Sell GBP/USD Target and Stoploss Target:20-50pips Stop Loss:20pips News Definition It measures the change in the price of goods and services purchased by [...] [...more]
U.K. pound sees some help in currency tradingSterling got a little bit of a boost in FX trading earlier (gains are stalling now, though) with some unexpectedly good U.K. economic data. Granted, the data isn’t great, but the construction PMI data wasn’t as bad as thought. Between better than expected data, and efforts by the [...] [...more]
By Javier Paz, ForexDatasource.com The following is an extract of the weekly euro and sterling report available for free at the ForexDatasource blog Euro – Current Scenario As we expected, the dovish comments from ECB VP Papademos set the tone for a bad euro week (down 3.0%). The temporary euro boost from the BoE rate [...] [...more]
We should avoid reading too much for or against the euro over the events of this past week. Clearly, the strong euro rally appears to be on hold. We believe that dovish comments from an ECB councilmember plus weaker than anticipated data out of the EU and Germany this past week weakened the enthusiasm of euro bulls. Our analysis does project modest euro gains against the dollar for the week. [...more]
This past week sterling waged and lost a demoralized battle against the major currencies. The weaker than expected PPI Input (-3.3% m-o-m) pointed to a level of economic weakness greater than that seen on continental Europe. The euro rallied from that point forward into record territory, climbing to 0.90 and fueling talk of EUR/GBP reaching parity (1:1) in the near term. [...more]
The Bank of England cut it’s rates today with 100 basis points, lowering from 3.00% to 2.00%. The rate cut is as expected by analysts, but can still be called remarkable. Since the foundation of the central bank in 1694, the interest rate has never reached a level below 2%. Analysts expect the Bank to [...] [...more]
