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Posts by "nzvik"
263 Posts Total by "nzvik":
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Posts by Anonymous "nzvik":
http://www.spiegel.de/international/europe/0,1518,676634,00.html
GBP looks cleaner and easier to trade at this stage
Have a read of this - it should help you understand the reports and possible use of them - remember the data is computed on tuesday every week but published on friday - so there is a time lag which has implications on how you interpret them.
http://investopedia.com/articles/forex/05/COTreport.asp?partner=ntu9
cheers
vik
i agree with the bullish GBP call, but things are bit all over the place i.e. the moves are not looking very clean at this stage - so tight stops are important
Xaron - if this is just a stupid rumour - then it is a great buying opportunity before europe opens
I would not recommend doing anything on the EURO till the ECB rate decision / press conference a few hours from now.
vik