Tuesday, July 7, 2009

Let's keep on pipping!!

Salam my friends,

My result so far for the week: +169pips



Profit resulted from early Monday sell-offs as investors becoming more risk-averse as the equity market trying to find its foothold amid the recent rally. Most probably that will come from better earnings results.

Right now I'm trying to look at other opportunities to enter the market. GBP seems weakening further and further. Its fundamental does not support a strong currency. Only today, both manufacturing production and IP recorded negative figures while concensus had forecasted a slight increase. This will put even more pressure on BoE to address the issue. Hmmmm..

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