Boris and Kathy's FX Blog www.bktraderfx.com
11/16/2006
Today's Email Alerts:
Alert #2- T1 on GBP/USD long hit
The Philly fed printed a lame 5.1 reading much in line with expectations but after yesterday much better than expected Empire it was ultimately a dissapointment to the market. We made our T1 target on GBP/USD at 1.8908 (+23) and now move stop breakeven on rest targeting T2 at 1.8975.
Alert # 1 Go Long GBP/USD off Weak CPI
US CPI numbers printed way below estimates at -0.5% versus -0.3% expected suggesting that pricing pressure in US remains non-existent and the Fed will remain on the sidelines for the foreseeable future. UK retail sales also printed stronger this morning.
Right now the US dollar is rallying a bit after the TIC data which is counterintuitive and we want to take this opportunity to go long the GBP/USD
We are buying the GBP/USD at market (currently 1.8885) with a 1.8850 stop. First target 1.8908, second target 1.8975.
Alert #2- T1 on GBP/USD long hit
The Philly fed printed a lame 5.1 reading much in line with expectations but after yesterday much better than expected Empire it was ultimately a dissapointment to the market. We made our T1 target on GBP/USD at 1.8908 (+23) and now move stop breakeven on rest targeting T2 at 1.8975.
Alert # 1 Go Long GBP/USD off Weak CPI
US CPI numbers printed way below estimates at -0.5% versus -0.3% expected suggesting that pricing pressure in US remains non-existent and the Fed will remain on the sidelines for the foreseeable future. UK retail sales also printed stronger this morning.
Right now the US dollar is rallying a bit after the TIC data which is counterintuitive and we want to take this opportunity to go long the GBP/USD
We are buying the GBP/USD at market (currently 1.8885) with a 1.8850 stop. First target 1.8908, second target 1.8975.
posted by BKTrader # 11/16/2006 06:04:00 PM 
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