Intraday Market Thoughts

UK Exits Recession, Additional Charts on Premium

by Ashraf Laidi
Oct 25, 2012 10:08

From recession to best GDP figs in 5 years. UK GDP figures power to the upside as Q3 GDP jumps to 1.0% from -0.4%, -0.3% and -0.3% in Q2, Q1 & Q4 2011 respectively. Markets were expecting a rise of 0.7%. Cable leaps to 1.6135, but unfortunately the cable long from last nights Premium Insights was unfilled by 4 pips. 1 of 2 EURUSD filled from last night's Premium Insights. The same for USDJPY, 1 of 2 CADJPY and AUDUSD. We added 4 charts on EURUSD and gold to last nights Premium Insights to dissect the technical complexities for gold (daily and weekly sochastics and MA confluence) as well as euros intermediate trendline and its shifting behavior relative disappointing IFO & PMIs. For direct access to these Premium trades, please click here: Non subscribers, can click on here to join:



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