current position: BOT 100,000 GBP GBP.USD Cash 1.48140 USD IDEALPRO MAR 25 17:15:49 Target: 1.5224 within 1-2 weeks
GBP looking stronger after strong UK economic news on housing and better than expected GDP. Above 1.50 here
Almost there. I see PIMCO trying to talk down the GBP http://www.telegraph.co.uk/finance/economics/7542428/PIMCO-fears-UK-debt-trap.html Whilst the UK government is trying to prevent a run on the GBP in the event of a hung parliament. Should get volatile in any event.
I held my short until just before NFP and presumed low holiday volume. Will look to get short next week ditto on EURUSD
lol yeah thats the pair to short on monday. But what I'm looking for is a large drop in the NZD/USD. I strongly believe that the dollar is on a "least bad economy" rally that ends with the eventual rise in global interest rates by central banks due to all the quantative easing that has taken place over the past 3 years world wide.