Q: What's better than one short British Pound contract?
A: Well that's easy, my good man - the answer is TWO short British Pound contracts.
Check out this chart - is this dog waking up anytime soon?
Further reading:
- FX Street: How Much Lower Can the Sterling Slide?
- "The news for sterling has gone from bad to worse," said Ian Stannard, a currencies strategist at BNP Paribas in London. He said that the pound could test resistance at $1.8180 area "before a corrective rebound develops," as sterling catches up with the dollar's recent move lower.
4 comments:
Nice upgrade to site - hope you get back to the glory days of over $100k soon!
Al
Note so sure on the coffee, but seasonally good time to buy around next month or two.
Thanks Al - to be honest, I'm not so sure either, but hanging in for now.
Like your blog BTW, recently added a link to you in the roll on the left.
I wish I had caught on to the short on BP earlier...I'm just worried about ho much lower it can go.
This USD rally is really dragging a lot of stuff down
what do you think about sugar at this price?
Sugar at 12 cents is awesome, I think - I just wish we could buy the March '09 contracts at 12 also!
I'm staying on the sidelines for now - would like to see a real uptrend establish itself.
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