Tag Archives: GBP/USD

A.M. Look 5/16/11

Posted on 05/16/2011

S&P…there are only 2 levels of significance: 1321 unchanged on the Quarter and 1290 which is the # we need to close below for an outside reversal month. Closing below these levels and there will be a lot more downside … Continue reading →

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 →

A.M. Look 4/5/11

Posted on 04/05/2011

This is going to be a day when most traders will be waiting for the Fed minutes this afternoon. The yen crosses are holding as the dollar is clawing back some losses from last week. GBP/JPY seems to have another … 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 2/10/11

Posted on 02/10/2011

The currencies are the main feature across the board this a.m.( The Dollar is stronger across the board) The Euro having reached it’s resistance yesterday is now back at the weekly support area. USD/JPY is back to the model breakout … 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 →