Tuesday, December 15, 2009

Cable

Keep a close eye on Cable (GBPUSD) in the Forex markets. Its been consolidating now for about a week and we should be starting to see a decent move out of this level.

The 1.6330 level has some serious resistance there and a decent break should see it move pretty nicely.

Keep an eye in the Equity markets for some of the financials. I think you should start to see some of the financials move once the capital raisings in Citibank and Wells Fargo are complete and the TARP money repaid.

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