by Ramki | Oct 31, 2008 | GBP
Having failed at 1.6670 levels, the Pound has come off by over six big figures already. Question is whether we will see 1.5250 soon? There is not much of a doubt that GBP/USD is in a bear trend, and some might think that all we need now is an overlap of 1.5934 to call...
by Ramki | Oct 30, 2008 | GBP
The Forex markets have been known to be very liquid. But today the liquidity was at its lows. Spread on GBP/USD was 15 pips wide for a mere 10 million quote even when London was in full swing. I imagine this must have been the case even yesterday in NY time because...
by Ramki | Oct 30, 2008 | Euro
I had looked for Euro to find good offers at 1.3045 levels and recommended a sell at 1.3037 with a stop at 1.3057. The currency did not even pause at either level and reached a high of 1.3294. Every once in a while we will encounter such a situation, and you need to...
by Ramki | Oct 30, 2008 | European Stocks
Someone wanted to me comment on BP. I am not sure whether she wanted me to look at the British Pound or the British major BP Plc. So I did both. Here are the charts for BP Plc.
by Ramki | Oct 29, 2008 | Trading Tips
Some of you have written that by the time you receive the email update, the market has moved, or it is the next day. May I recommend that in addition to subscribing to the email updates, you also click on the RSS button at the top right corner of the home page? That...
