Results for pressured
1 articles with this tag name
  • Cable started the week with a 200 point drop as investor worries over the state of UK banking sector pressured the Footsie and sent the currency tumbling below the 1.4000 level for the second time this month. Shares of Llyods PLC tumbled 14 percent after UK’s biggest lender ceded corporate control to the government in return for state guarantees covering more than $367 Billion of assets. The news dragged the Footsie lower by more than 1% and pressured the pound into the early morning London trade.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
USD/JPY
Medium term



Sell Sell at 80.3800
Stop at 80.63
Target at 80
EUR/USD
Long term



Buy Buy at 1.2467
Stop at 1.2064
Target at 1.3072
currency trade idea
EUR/JPY
Medium term
Opened 5/23/2012
Sell Short from 99.9000
Stop at 101.55
Target at 98.1
AUD/NZD
Medium term
Opened 5/21/2012
Sell Short from 1.2985
Stop at 1.307
Target at 1.2855
EUR/CHF
Long term
Opened 1/30/2012
Buy Long from 1.2055
Stop at 1.199
Target at 1.2225
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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