Boris and Kathy's FX Blog www.bktraderfx.com
10/24/2006
Today's Email Alerts:
Alert #1 - Getting Long EUR/GBP
We are going long EUR/GBP here at market at 6706 risking to 6690 as UK Industrial Trends printed far worse than expected at -20. This leaves the BOE rate hike in November very much in doubt and should pressure the pound for the rest of the day. Meantime EZ Industrial Orders continued to power on rising 14% on y/y basis and essentially cementing 3.5% money from ECB at the next meet. This is a soft rec without hard profit targets. we'll monitor the trade and adjust accordingly .
Alert #1 - Getting Long EUR/GBP
We are going long EUR/GBP here at market at 6706 risking to 6690 as UK Industrial Trends printed far worse than expected at -20. This leaves the BOE rate hike in November very much in doubt and should pressure the pound for the rest of the day. Meantime EZ Industrial Orders continued to power on rising 14% on y/y basis and essentially cementing 3.5% money from ECB at the next meet. This is a soft rec without hard profit targets. we'll monitor the trade and adjust accordingly .
posted by BKTrader # 10/24/2006 06:19:00 PM 
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