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GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
1.57 should develop play itself as early as this week. lots of UK data, could potentially bring 1.55.
Ashraf
http://www.reuters.com/article/europeanCurrencyNews/idUSN0223155020091002
sterling (shorts increased), canadian and swiss net long positions trimmed vs dollar recently.
dollar to bounce? i think so!
How are you?
Will we be seeing GBP/USD potentially hit 1.5500 this week?
Thanks
Rehan
Some believe house prices in uk have just had a summer bounce which will not last. The fate of the pound will to some extent rely on housing market which is related to UK banks.
We are still expensive on cable based on PPP byabout 7% so if there is a run expect at least 12-20%decline from here into 2010.
My expectations of the dollar to have bottomed out for now and have a rally will help cable revert towards its PPP as also risk starts to be also taken off the table by major fund managers in q4
Radu, see you a tomorrow's webinar
Ashraf
Hey Ashraf ,
Please do not angry because i response to Yulianis1 , i think to do this little job for you ...
Hey Yulianis1 ,
Please do not anger me , this is the same response lake Mr. Ashraf...if you want you can read some old posts on this problem.
Regards
Hello Yulianis1 ,
Mr . Ashraf do NOT give us entry and exit signals , etc. , just guidance about the trends , movings , explanations , etc.
And belive me , there are enough...he knows what he do .
Do you provide signal subscription for people? like when to buy/ sell and the stop loss etc.
thank you