Tag Archives: British Pound

A.M. Look 10/21/11

Posted on 10/21/2011

The U.S. Equity markets are still a slave to the E.U. drama. The British Pound and Swiss Franc are strong against the Euro on the crosses this a.m. This is a reflection of skepticism that this weekend’s summit will provide a tangible … Continue reading →

A.M. Look 10/6/11

Posted on 10/06/2011

Please re-read Monday’s and Wednesday’s A.M. look. The levels I write are static “they do not change” Keep them in Front of you! If you wear glasses, put a “post it” on your nose guard with the numbers on it. … Continue reading →

GBP/JPY

Posted on 09/21/2011

On a day of many possible extremes… GBP/JPY 118.89 is the 2009 low. We’re very close. Monitor this level for possible reversals after the Fed Meeting.  

A.M. Look 4/8/11

Posted on 04/08/2011

I am sure the mid-week shuffle twisted a lot of heads yesterday. The 30 yr Bond short was the cheapest way to be long the stocks.  Long Spu/Short bonds anyone? The stock trade still has massive sector rotation, meaning it all comes down … Continue reading →

GBP/USD….Gold

Posted on 02/11/2011

The Pound is the lowest risk currency to sell on the board. Day traders should sell any rally toward 160.20.. using a closing stop over 160.20. Raise your stops in the Gold to 1348 close. Presently, it does not act … Continue reading →

A.M. Look 2/11/11

Posted on 02/11/2011

We show a double bottom in the Euro @ 135.08 with Fib matches @ 134.75…Do not sell weakness. USD/JPY…83.80-90  (App 119.20 ish futures) has been sticky for the past few quarters. Do not buy dollar strength or sell futures weakness into … Continue reading →

A.M. Look 1/18/11

Posted on 01/18/2011

The Euro areas are well defined, 132.50 below and 134.40 ish on top. Price action above 134.40 will lead to further gains. The Sterling has exceeded it’s 1st upside tgt of 160. Only a couple of closes over 161.70 will … Continue reading →

A.M. Look 1/13/11

Posted on 01/13/2011

EUR/CHF has been the feature last night as it has been running the Euro for the past week. How big of a correction will this turn into? There could be 2 more figures in this cross or 10 depending upon … Continue reading →