Comments on: GBP: European session overview

By: Papillon

Papillon — Wed, 31 Oct 2012 09:19:56 +0000

From my market source “European sovereign showing demand interest for EUR/GBP”, I guess it’s the Bundesbank.

By: Sean Lee

Sean Lee — Wed, 31 Oct 2012 09:14:42 +0000

It looks to me like its got the capacity to surprise a lot of people on topside? We could see 13250, then whole world gets bullish so we sell there, usual rules 🙂

By: Mike

Mike — Wed, 31 Oct 2012 09:05:50 +0000

got it.

sounds I should be more bullish to EUR, hehe

By: Sean Lee

Sean Lee — Wed, 31 Oct 2012 08:57:34 +0000

Its just a short-term bearish phase I think Mike, led by the crosses primarily EUR/GBP. I don’t look at fundamentals for short-term moves ie over a few weeks. The market can forget about the latest GDP data very quickly and both King and Bean have been warning that next data in Q$ will be much worse (Olympic effect last Q)

By: Mike

Mike — Wed, 31 Oct 2012 08:45:39 +0000

Hi, Sean,

Any particular reason for your bearish Pound view? I collect that UK is among first to declare business growth among G7, compared to lousy outlook for EU, AU, etc.

Thanks