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Anios FX Ltd (Inari)
Jun 30 2015 at 10:24
42 posts
As the MD of an algo firm that trades GBP/USD and also GBP/JPY I though I would open up this thread to get a discussion going on Sterling to see if any agreed consensus on the near and medium term future can be derived...

Today the shadow of Greece and the resulting uncertainty hangs over the Euro market and that will have its potential effect on GBP as well... The possible referendum and the possible default in the meantime are all adding to an already uncertain situation.

Without further updates over the weekend it looks like a weak open for GBP/USD on Monday
Not much in the way of market data on Monday morning either to deflect the cable bears.

So its a watch this space over the weekend to see what if anything materialises...



Sean

Ben Nathan (BenNathanFX)
Jun 30 2015 at 12:40
137 posts
Agreed. i think short term it will go up - economic growth is better than expected and data in general is coming through positive. That and the 'Rate Hike' phrase being thrown around by some BoE players - Fundamentally its a Bullish currency... the question is for how long...

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Anios FX Ltd (Inari)
Jun 30 2015 at 13:44
42 posts
Outside of the Greek issue - then Sterling is better placed to rise against most currencies - an early interest rate rise in the US could scupper that and at the minute it does look like the US hawks will act first - but against the Euro, GBP risk to the downside is limited.

Sean

Anios FX Ltd (Inari)
Jul 02 2015 at 06:24
42 posts
Well a bit of weakness today for Cable after the Greek default - but no great panic - looks like we will see a softish range trade with the bias to the downside for the rest of the week unless there are ant news or data surprises.

Sean

Anios FX Ltd (Inari)
Jul 03 2015 at 19:09
42 posts
A quickly reversed small spike up this morning on the release of the services PMI to 1.5645 but then back to the 1.5620 area where the Pair has been more or less stuck - so pretty lifeless and with the US closed today - this is going to be a quiet afternoon - The Greek referendum result will be the next catalyst for a move - and who knows where that will take us :)

Sean

alexforex007
Jul 14 2015 at 03:18
774 posts
The Pound versus the Dollar keeps oscillating around the 1.5500 level. From that point the price may go in any direction, but the bearish momentum seems to be in place.

FXtrader2010
Jul 14 2015 at 05:23
724 posts
you guys need to wait for further confirmation GBP CPI today and a speech from Carney later this session. The GBP doesn't really have much effect from Greece at all. What effects is USD and JPY as they are risk averse sensitive.

Ari Goldman (arigoldman)
Jul 17 2015 at 14:10
907 posts
Not so much volatility in the cable today.

Anios FX Ltd (Inari)
Jul 18 2015 at 08:00
42 posts
No it's holding its own with the USD's rise
BoE chair's comments yesterday - he has a lot more presence than Yellen :)

Bit more volatility in GBPJPY

But by nd of day probably no real movement across GBP in general


Sean

alexforex007
Jul 20 2015 at 00:41
774 posts
Cable has been very volatile, Carney is talking about a possible rate hike by the end of the year, but fundamentals dont support that notion.

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