Sterling on the rise following reports that the Remain in EU campaign is pulling further ahead of the Leave campaign.
GbpNzd up to 2.1300
IHowever, negative CPI at 9.30am
brought it back below 2.13âŠ
RPI was also badâŠ
Rbnz inflation report earlier this morning had
limited impact on NZDâŠ
âBREXITâ RISK WEIGHS HEAVILY ON FUND MANAGERS â MARKET TALK
17 May 2016, 16:51
1351 GMT The potential departure of the United Kingdom from the European Union is now the biggest tail risk for global fund managers, according to Bank of America Merrill Lynchâs latest survey of money managers. While 71% of the investors surveyed said âBrexitâ is either âunlikelyâ or ânot at all likelyâ, their positioning suggests they arenât taking chances. U.K. equity allocations have fallen to the lowest level since November 2008, while a net 20% of investors think sterling is now undervalued. Global fund managersâ cash levels are up to 5.5% vs 5.4% last month, while only 12% of those surveyed are taking âhigher-than-normalâ risk. ([email protected])
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(END) Dow Jones Newswires
A real day of wibbles and wobbles, 80 pips up for the day but looked so much more promising earlier
The app for fxpro has just updated on my tablet, now has 2 lines, 1 blue and 1 red showing the bid and offer prices on the main screen. Nice update, illustrates the spread much clearer than before
âŠand back over 2.13 again. 2.13 seems to be resisting strongly but if it breaks thru, the succession of recent higher highs/ higher lows in H1 and H4 suggest we could get a strong upward surge.
Lets see
Whoosh⊠looks like some of you got paid today.
Not a bad day at all. Closed 2 trades for combined 240 pips, have another still running and currently up 300 pips with 260 protected by Stop Loss
GBP Jumps to Two-Month High Vs Euro on U.K. Poll â Market Talk
18 May 2016, 17:29
1429 GMT The pound jumps to a two-month high against the euro and a two-week peak against an otherwise strong U.S. dollar after an earlier Ipsos Mori opinion poll showed a significant 55% would vote to remain in the EU in the upcoming referendum. This compares with just 37% wanting to leave. Sterling gains 1% on the day against the dollar to reach $1.4602, its highest since May 3, having traded lower on the day before the poll was released. It also rises over 1% to 0.7720 per euro, its strongest since March 10. âSterling is being driven by the opinion polls,â says Rabobank strategist Jane Foley, adding earlier U.K. jobs data were also ârelatively supportive.â ([email protected])
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(END) Dow Jones Newswires
May 18, 2016 10:29 ET (14:29 GMT)
Copyright © 2016 Dow Jones & Company, Inc.
So far this month, 17 trades closed, 17 wins, total 755 pips. 4 trades currently in play.
Account growth 14%
Nice one, Eddie.
I was watching the opening of Parliament, all pomp
and pageant, and the Poundâs move at the same time:
I think that it was the very openly pro-Euro Queenâs
Speech (outlining the governmentâs âinâ stance ahead
of the EU referendum) that was the catalyst for Sterling
this morning, even considering that the positive wage and
employment data at 9.30am today was largely ignored.
So that is where the move came from, I think.
GBP/NZD to 2.16 was spectacular , as was that
EUR/GBP break of 0.78 after weeks of congestionâŠ
Happy days - but, of course, no logic, as always.
3rd GbpNzd trade closed for 267 pips.
Brings my total for the month so far to 1022 pips and just a shade over 20% account growth
Thatâs amazing⊠!!â
Big Congrats!!!
Just closed GbpUsd for +116 pips
GbpNzd, will wait for the profit takers to cash their chips before I reenter. Have set a buy limit at 2.1515 and will see what happens overnight.
Just in 3 trades now, GbpNzd, GbpAud, GbpUsd, with a buy limit on GbpNzd if the price drops far enough. All long, of course.
Hi Eddie, I see GBPnzd this morning still above 2.16⊠2.20 does not seem so far awayâŠ
My drawdown in the month of May has shed
in the region of 2,300 pips⊠It is quite incredibleâŠ
I am looking forward to positive equity this summerâŠ
Nice to see you getting those pips back, babies can be very expensive 
With Brexit fears receding, Sterling is definitely on the up. Ive also just gone short AudUsd as Fed is making positive noises, although we both know that may not mean anything
Haha thanks Eddie The sleepless nights are KILLING me but I am glad that I do not work mornings so I can catch up.on sleep as the baby seems to.like sleeping during the day
I noted several times in my posts and videos how during the equally cataclismic projections made by experts and bankers during the run up to the âScoxitâ (Scottish independence) referendum in 2014 the Pound was on a downward journey and the much-projected âtogetherâ victory, when finally coming true, did nothing to save the Pound: what this shows is the unpredictability of markets, and the moral.hazard of presuming outcomes when, in truth, polls can be wrong and the people of a nation can vote beyond any âreasonableâ predictionâŠ
So I think this Pound optimism is led by price making and in truth it has no fundamental, solid foundation⊠That is how I see it⊠I am a Pound bull, but a deeply skeptical one.