Posts by "dodger"

Cancellation of the construction of "The Pinnacle" high rise office block in london because of failure to secure clientele,the closure of the comet stores,several thousand laid off at UBS London office,salary cuts across the city,lay-offs at GM plants,the fundamentals of UK ecconomy looking very weak to me and only buoyed up by sky high real estate market being put beyond most peoples reach by foreign buyers who will run at the scent of a possible labour victory as election year gets closer. Think the pound got some legs on the back of weak yen and US fiscal cliff anxiety but am looking for it to show signs of overextension soon and start going short for long term play.GB"old grey" your right GBP/CHF is a very good indicator of real sterling strength and look where that is going ??

Now watching the 1.6100 line monday morning sterling been down to 1.6113 so far,taken profit on some of last weeks trades but have a couple remaining with stops raised. Made post last week when I checked this forum and saw a lot of the crew sterling positive with all the last few days political instability ahead.just hope I helped someone out was"nt looking for an argument.

So the British papers are saying the royal wedding of william and kate could be a 600million boost to the ecconomy,in that case all I can say is "Hurry up Harry!",forget being an Apache pilot your ecconomy needs you!

China has very large gold holdings and is fact worlds largest producer (check it),it could be about to starty selling some of this to actualise profit and push up the value of the dollar which it would like to see both for trade and because of its own dollar holdings.Careful with the run away euro the union actions are starting to have effect in france and generally in europe the left can smell blood from weak government including the Uk coalition,this winter could be uncomfortably interesting as they start to test their power against cuts ,retirement etc.

Dow just turned red,taken euro/jpy at 111.85,1 scalp 1 trend,london close also close.