GBPUSD failed to break weekly trendline resistance connecting 04 Nov 07 & 13 Jul 08 highs. Lets see if theres weekly bearish engulfing by end of this week.
"... one of the big perceived risks to the market was the prospect of a Chinese slowdown, and whether diminished demand would have ripple effects in... the markets of various commodities."
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
http://www.telegraph.co.uk/finance/economics/8363320/Bank-of-England-chief-under-fire-after-warning-Britain-is-at-risk-of-another-financial-crisis.html :
"In the interview, the Governor gives little clue as to whether an interest rate rise is imminent.
Mr King says there is a perfectly reasonable case for doing it now but he added that increasing rates too soon would be a futile gesture."
And EZ economy is still fragile to afford rate hike.
Read more:http://www.businessinsider.com/absolute-return-partners-china-2011-2#ixzz1D9m6jZTf
"... one of the big perceived risks to the market was the prospect of a Chinese slowdown, and whether diminished demand would have ripple effects in... the markets of various commodities."
Enjoy!