EUR/GBP

[Kauri]

looking like she might like another drop, or 5..???
Cheers
.........Kauri

 

[Kauri]

and she's galloping along with the speed of a startled snail...
Cheers
..........Kauri

 

[Kauri]

might give her some direction...one way or tother..

Cheers
........Kauri

the latest ECB Bulletin, that is set for publication at 09:00 GMT, will hold the attention. After the latest ECB comments it will be scoured for further signs of wariness from the central bank. Elsewhere, the European FinMin meeting may also throw out some interesting headlines.

 

[Kauri]

movement... Good size selling from a US investment house, plus tripped sell stops below 0.7440, depressing the EUR/GBP swap
Cheers
..........Kauri

 

[Kauri]

might be a good spot to pull up for a small W4???
Cheers
.........Kauri

 

[Kauri]

closed out... get a discretionary type feeling that a rally may start from here...
Cheers
.......Kauri

 

[IFocus]

Nice move thanks for the charts Kauri

 

[Kauri]

closed out... get a discretionary type feeling that a rally may start from here...
Cheers
.......Kauri

Thanks Mr Mersch...
Cheers
............Kauri

P.S ECB council member Yves Mersch"s Reuters-reported comment that the ECB discussed two options on interest rates last week, and not three. Those two options were to leave the EZ refinance rate at 4.0% (as was agreed) or hike it.
There was massive unwinding of long euro positions yesterday, after Mersch hinted at a change in the ECB"s monetary policy stance via his warning of slower EZ economic growth

 

[ithatheekret]

Ill say , top rally spike in @ 7422-7433 shall I get greedy and buy this dip .

 

[Kauri]

Ill say , top rally spike in @ 7422-7433 shall I get greedy and buy this dip .

I'm getting some positive diversion on my vindicators... but as my time frame is a touch longer than yours (sounds like i'm boasting ) I'm waiting for a while... until the ice melts in my glass I reckon..
Cheers
........Kauri

 

[ithatheekret]

add 7433 to mine too , maybe a 7453 too hmmm

 

[Kauri]

Gieve says UK Inflation Likely to Rise Well Above Target in coming months

 

[Kauri]

short again...haven't had time to post..

Cheers
.........Kauri

 

[ithatheekret]

Yes noticed Cables turn too .

 

[Kauri]

reset stop to around 1R... just in case it does an abc on me... and off to the scratcher..
:goodnight

Cheers
.........Kauri

 

[Kauri]

too many alarums going off to get a good kip... out of the swap now.
Cheers
..........Kauri

 

[Kauri]

Lesters alliance seems to be under strain... but it was never going to be too big anyways...
Cheers
.........Kauri

 

[ithatheekret]

Remember that call you made mate ? Be nice to see it continue tonight , I got nowhere near the first peaks .

 

[Kauri]

Does anyone know what this means... and its affect on the pound??

Northern Rock and the BoE will be reclassified as public financial corporations

Cheers
...........Kauri

 

[Stormin_Norman]

Does anyone know what this means... and its affect on the pound??



Cheers
...........Kauri

nationalised/public owned.

id say it weakens the pound, as no foreign investment is flowing in to purchase the bank, the government has taken control of it.