By HarryPilgrim on Wed, Feb 22, 2012 at 10:46
My reading of the morning's cable action is that the Bank's dovish minutes, in which greater QE was advocated, delivered the cable to the bottom of it's newly forming range floor at $1.57. I've taken the opportu...
By HarryPilgrim on Sat, Feb 18, 2012 at 23:53
I have been fretting lately about the potential for the break up of the euro and how the resulting currencies might be valued. The imminent departure of Greece seems pretty realistic. There are two superb charts...
By HarryPilgrim on Thu, Jan 12, 2012 at 13:11
Update 16/2 Well that was all most encouraging. The weekly downtrend, clearly defined though it is, has just been broken by a scarcely justified news spike. I have added a further short at 1.3050, thinking that ...
By HarryPilgrim on Fri, Feb 10, 2012 at 10:25
The BBC make an unusually entertaining motoring programme called Top Gear. In a recent episode the presenters are filmed acting out, in slow motion, a car crash. When played back at normal speed it showed, unconv...
By HarryPilgrim on Mon, Jan 09, 2012 at 12:22 1 Like
Another Update 9/2 Dampening input from the IMF follows an apparent failure at 84p. In short again at 8390. Exciting, innit? Some numbers: Youth unemployment:Greece 48%Spain 38%Portugal 20%UK 19%Germany 1...
By HarryPilgrim on Thu, Jan 05, 2012 at 19:54
Update 8/2 I've closed my long cable for 83 pips profit, treating it as a swing trade as is proper for a hedge. My suspicion is that we can expect a volatile dip upon the Bank's QE decision and I plan to re-ente...
By HarryPilgrim on Mon, Jan 30, 2012 at 19:19
My fellow pipsters, Would anyone care to suggest an approach to the yen? I don't normally trade it and frankly I could do with a confidence booster. I notice that USDJPY is at previous intervention levels and t...
By HarryPilgrim on Thu, Jan 26, 2012 at 14:55
My fellow pipsters, We must all have noticed by now how the euro is sneaking up on the Swiss National Bank's declared intervention level at F1.20. Dare the shorters provoke the SNB? If they do, I intend to be on...
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