Thread: The London Open
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Old 05-14-2008, 02:05 PM
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Good morning all…

Hi FerruFX, i hope you are well...

Interesting to listent o Mr King and his team on their inflation report… Tough times ahead i fear!!! They kept talking about patience and feel it will take 18-24 months before inflation will come back into line towards the 2% target.

USD hasn't really gathered momentum but thats the way it goes. The inflation data hasnt helped either...

Claimant Count in GBP came in a lot higher than expected which makes GBP very hard to trade. Growth suggests rates have to cut but Inflation at 3% is making it doubtful.

Speak tom…

GBPCHF break of triangle…
EURCHF break of ascending triangle…
EURUSD break of triangle….
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