18 Aprill 2007

today out of range ...i will paste just to all member view
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PAID SIGNAL NORMAL


2.0026 - stop order buy (area buy 2.0026-2.0046)
1.9986 - stop order sell (area sell 1.9986-1.9966)

sl(loss) 40pip from price
tp 25 pips from price

good luck

Just news to share from SAXO bank review
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GBPUSD

GBPUSD broke the big 2.00 figure on our expectaions that CPI YoY would run above 3.0 pct and we even saw an actual reading of 3.1 pct. and a close above 2.00 would technically confirm more upside in the time to come. It will be very interesting to see how BoE will respond to this in their minutes tomorrow. We think the reason for the big gain in the GBP today is beacuase most investors had reason to believe that when we did not see a hike through Easter, the CPI reading today would be relatively low. The big question tomorrow is how the MPC will handle this so in the short run we are a little bit worried that the minutes tomorrow will show members showing confidence that there will be a natural ease of inflation looking 3-6 months ahead. Confirming this view is the fact that BoE has been the only major Central Bank to use precausionary hikes looking back over tha last two years giving reason to believe that a clear explanation is to follow. If not, GBPUSD could easily target 2.05 in the short run.