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EUR/GBP : Interesting technical point

Whoever keeps the moving averages on watch have certainly observed  that the parity has stepped above the 21-DMA (see chart below). For several months,  shorters have been keen on watching this moving average which has provided  a resistance for the parity. 29 more words

Forex

GBP/USD : The manufacturing PMI : disappointing release

This morning, the cable experienced a new highest after  the release of the manufacturing PMI, scoring 55,4, although  the market had anticipated  57,2. The parity got sold off and, for the first time this year, the 100DMA has been reached at 1,6861 (see chart below). 36 more words

Forex

EUR/GBP : Point technique intéressant

Les techniciens des moyennes mobiles auront certainement observé le passage au-dessus de la 21-DMA (voir graphique ci-dessous). Depuis plusieurs mois, Les shorters avaient pris pour habitude de regarder cette moyenne mobile qui a servi de résistance. 38 more words

Forex

GBP/USD : Déception du manufacturing PMI

Ce matin, le câble a connu un nouveau plus bas après la publication du manufacturing PMI. Ce dernier est ressorti à 55,4 mais le marché avait anticipé 57,2. 64 more words

Forex

Short GBPUSD spot at 1.6865 when weaker PMI was posted...........

This afternoon, the Markit Mfg PMI came out weaker at 55.4 versus forecast of 57.2 and lower than previous month of 57.2.

What is comforting is that the manufacturing PMI has been posting above 50 levels since this year.  36 more words

Forex

22 July @ Bought a EURUSD call option expiring on Friday, 8 August

On 22 July, my technicals suggested to me that I should long the EURUSD, so I bought a call option expiring 8 August, strike at 1.3485, premium of 65bps and a breakeven of 1.3550. 24 more words

Forex

Sold GBPUSD spot at 1.7070 on 23 July

My stochastics and ichimoku told me to short the GBP which I did at 1.7070 and I subsequently, squared the position half an hour later at 1.7035 for a trading profit of 35bps or 0.35%.

Forex