I'm not a technical analyst but from a technical point of view, the last few advances in this pair have been followed by pretty substantial retracements. So technically, it would not be surprising if the same happened again.
From a quick lookback, what Vik says is more or less correct. However, as they say in the small print in ads for financial products: "Past performance is no guarantee of future results..."
I'm short from 1120 (I left an order and I wasn't able to watch it; if I had been able, I might have nudged it to get in a bit higher. Still it has been briefly in the money already and I hope will be again... :)
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year 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(1 year 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(1 year 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 (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year 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(1 year ago)
Warren Buffet - eat your heart out!
:-)))
:-)
http://www.guardian.co.uk/business/2010/mar/02/investors-buy-2bn-government-bonds
(I am referring more to the comments (always fun), rather than the article).
(Was concentrating elsewhere really).
USD getting pounded a bit as well.
@Speegman: I only know spread-betting companies, and I believe you are not allowed to use them from the USA, so can't help.
Oh well, it's back in the money (for now) again.