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Views on British Pound/US Dollar
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  • Squawk / 1 hour ago
    John J Hardy John J Hardy
    Head of FX Strategy / Saxo Bank
    Denmark
    GBP jumping on strong employment data. UK Feb. Employment Change (3M/3M) at a robust +239k vs. +90k expected and +105k in Jan. and the Unemployment Rate drops to 6.9% vs. 7.1% expected and 7.2% in Jan. GBP jumping on this. This certainly argues for the "slack" in the UK economy looking smaller than Carney has suggested and takes the unemployment rate suddenly below the old 7.0% threshold that was recently abandoned. EURGBP is dropping to new local lows and GBPUSD is within striking distance of the 1.6820 cycle highs.

    March Jobless Claims Change was out at -30.4k vs. -30k expected and -37k in Feb.
    Read the Squawk
  • Squawk / 3 hours ago
    MarketChartist MarketChartist
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD and GBPUSD paralyzed in range environments; we see bias for 1.3745/40-1.3905/10 & 1.6625-1.6800 to contain Wednesday (this week?)
    Read the Squawk
  • Editor’s Picks / 4 hours ago

    Should drug deals and prostitution be included in GDP?

    The Week
    Britain will see a boost in measured economic activity later this year when activities previously never measured — specifically, drug dealing and prostitution — are incorporated into the measure.
    At first the changes will only include U.K. production of cannabis, drug smuggling, and prostitution, but it is expected that off-the-books employment, black market gambling, software piracy, and sales of stolen goods will also eventually be included.
    Read article on The Week Go to post
    3h
    Alex Timber Alex Timber
    Well-well... When there's nothing to measure - a good idea to measure at least something, to proove, that economic is still (or yet?) alive. "The patient is...
    45m
    fxtime fxtime
    How do they quantify piracy, black market gambling, theft, drugs and prostitution ?? More-over would you trust the assessor or would you wonder if they are involved...
  • Squawk / Yesterday at 18:00 GMT
    FXKM FXKM
    Trader, Technical Analyst / FXKMS
    United States
    EASTER HOLIDAY

    April 18 Metals and Indices CLOSED
    April 21 European Indices CLOSED

    All currency pairs and oil will not be affected.

    But we might be not trading due to a possible less liquidity.

    www.fxkms.com
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  • 18h
    fxtime fxtime
    LOL love the comment about a surprise Draghi action !! If he does anything other than jawbone will be a surprise imho. Welcome back Ken.
    18h
    Jim Earls Jim Earls
    Best time to do such things are over a holiday.
    18h
    Yura Yura
    Ken, why I can't find you among all traider in Saxo Bank? I just want watch how profitable may become trader on a long horizon? I just...
  • Trade view / Yesterday at 8:26 GMT
    Day trade

    Cable ready to expand ranges with inflation data trigger

    We prepare for the trading ranges in Cable to expand with today's upcoming inflation data from the UK. With the 50 percent retracement level in the 1.6548-1.6820 wave so far providing for decent support in this morning's early trading, we look for a potentially positive number to see the upside ranges expanded above the 1.6720 level.
    Read the Trade View
    1h
    Antero Atilla Antero Atilla
    Good morning Dave. Apologies for not responding yesterday evening but I saw your texts this morning and just thought if you still had the long from 6740....
    1h
    fxtime fxtime
    fwiw the +59 is low for returns using this trade scenario but the mkt has a habit of stalling on round numbers such as the 6800...success...
    1h
    Antero Atilla Antero Atilla
    Yes, round figures, especially in cable, can be rather tricky. While they are like magnets in some sense, they can and often do also witness stalling behavior...
  • Squawk / Yesterday at 7:01 GMT
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Technical Analyst / FuturesTechs
    United Kingdom
    GBPUSD has just broken yesterday's low at 1.6696 after posting an "Evening Star" reversal on the daily chart at the tail end of last week upon hitting resistance (failing exactly where we failed in mid February). We have a "Marabuzo" support at 1.676 that could provide support. If it doesn't look for a move to 1.6611 or even 1.6572.
    Read the Squawk
    1d
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Sorry, the Marabuzo support is at 1.6676.