Europe has problems paying bondholders, news out that Greece has asked private investor to accept 60% instead of 50% as they agreed earlier.
We could divert our attention on £ .
http://www.dailymail.co.uk/news/article-2084980/Now-investors-pay-lend-money-safe-haven-Britain.html
Plus this is an olympic year in London.
Technical analysis : £ break out cloud ichimoku hourly.. a good sign to long as Adx remains above 25 (gaining strength for a forward momentum , i hope)
Trade call : long GBP/USD@ 15460 . Stop loss : 15360 (100 pips) . Take Profit 15560.(100pips)
Wooohoo! Thanks! Being waiting for new trade call! :)
ReplyDeletePounds have been battered for past 2 days, 15485 to 15275- 200 over pips over poor trade figure - 8.6 billions deficit.. As long as BOE hold rates fimrly at 0.5%, Pound should rebound back to 1.55.
ReplyDeleteRegards
PipsFarmer
As of today, GBP/USD has closed above 1.5550. As coming week is Davos Economic talk. We need to look out for leaders cue talk on whether the ECB will snap up more government bonds , especially Italy and Spain.
ReplyDelete"Crisis-hit eurozone banks are parking record amounts of cash at the European Central Bank for overnight storage, despite low interest rates, indicating to some analysts the threat of a new credit crunch. "
- Economic Times.
What the problem we are facing here is Bank mistrusting banks. High deposit might cause a CREDIT CRUNCH which could spark a USD rally.
Regards
PipsFarmer Jan 22th
Make Pips, Keep Pips.