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GBP: Why Jason Sen sees strong rally but weak momentum?

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The British Pound has been in a steady rally for at least a year now as the economy has been one of the better performers and speculation increases about the timing of the first interest rates rise. Let’s use this anniversary to look at some of the currency crosses. The Pound has performed very well against the Euro bottoming exactly a year ago at 1.1400 to achieve 1.2673 this week as you can see in the weekly chart below. An even better tremendous performance has been seen with the rally against the US Dollar taking the pair from 1.4800 up to 1.7191 in the same time period. The British holidaying abroad this summer in the USA & Europe are therefore enjoying 11-16% more spending power and looking at the charts there is no immediate indication that this trend is about to reverse. The picture against the Japanese Yen is not quite as positive with more of a sideways trend this year: The trend has been more stable against the Australian Dollar since the sell off in the early part of this year. However a quick look at the more recent…

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Do you trade the S&P500? Here is why you should consider postponing your summer vacations

Written by admin

The major US stock market indices have seen a quite incredible rally since the crash of October 2007-March 2009. In this period the Emini S&P fell from 1586 to 666, a loss of 920 points or 58%. Very few investors saw this as one of the biggest buying opportunity in recent decades but that is exactly what it is turning out to be. In fact just for comparison the S&P 500 index quite steady growth after the stock market crash of 1987…the year in which I started trading on the London Stock Exchange Traded options market in fact. Then from 1995 it experienced an unprecedented rally up until the crash of 2000 caused by the internet bubble. These accelerated gains took the cash index from a 1995 low of 457 to a 2000 high of 1552, a gain of 1095 points or 239%. Chart shows the rally in the S&P 500 from March 2009 to Friday May 30th 2014. Each bar is one month. The next big crash occurred in 2007-2008 of course, taking the S&P 500 cash index from 1576 to 666. Very few investors and traders saw this…

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This content is for information purposes only and should not be construed as trading advice.

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