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Wednesday, 12 February 2014
MARKETS UPDATE
Cable news up ahead in about 90minutes. I expect a dip into the BOE and possibly after if news is dovish which will provide a good dip buying opportunity. M&A flows towards the end of the month expected to be gbp positive. Looking for a buy entry in eurusd near support at 1.3615 which is also a 50% retracement with a 30pips stop and 90 pips target. Gold looks bullish while above breakout point and will be looking for a dip buying opportunity possibly immediately after Newyork Open.
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