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This thread was started in response to the Analytic:
GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
Sterling having recently been pummelled by the australian dollar, what are the possibilities of
sterling falling even further, in view of the recent economic data from the uk, or is all the bad
news already factored into the price.
Thanking you in anticipation
The FTSE 100 had its largest volume day since May 7 - over 2 billion shares of the FTSE100 stocks were transacted today. The day is only marginally down, but what would you read into this ? more downside to come ?
The 5 minute period from 10.20 am saw 300million shares transacted and the FTSE100 moved just 1 point. a lot of shares got transacted without moving the market.
thanks
Vik
and as far as gold goes, i keep saying that it is not wholly driven by the dollar therefore you cant say its a hedge against a falling dollar. gold is being driven by DEMAND by LARGE buyers not a falling dollar or possible collapse of the dollar.
central banks were small holders of gold and now they want to diversify their store of values. so gold can keep going up along with a rising dollar.
did gold go down today whilst dollar went up? Nope
Ashraf
I bought Cable at 1.6530 . Do you Think it will come back to this Point today
congrats for ALGERIA
nzvik, thanks for showing the IMT
Ashraf