US ($) Currency Thread 1 (closed - use thread 2)

inspector_monkfish

whatusername wrote: »

Ok, looks like different words from different places eh, found this earlier which is interesting

http://www.siriusforex.com/

well there are many different support/fibo/retracement/pivot levels......

some more important than others though....

inspector_monkfish

1.3840 just before UK numbers...

inspector_monkfish

bad numbers

trading 1.3805

more to follow...

jonathanrichardson69

the numbers must have been s11t. cable just plummeted

inspector_monkfish

09:30 10Mar09 UK Jan industrial output falls at fastest annual pace since 1981

LONDON, March 10 (Reuters) - British industrial output fell more than twice as fast as expected in January and shrank at its fastest annual pace since January 1981, official data showed on Tuesday.

The Office for National Statistics said industrial production, which makes up 18 percent of economic output, fell 2.6 percent in January, much worse than the 1.2 percent drop forecast by analysts.

That took the annual rate of decline to 11.4 percent. Industrial output in the three months to January fell by 7.1 percent compared with the previous three months, the biggest fall since March 1974.

The figures suggest Britain's economic downturn may have accelerated at the start of this year. Britain entered recession last year and GDP shrank at its fastest pace since 1980 in the last three months of 2008.

Manufacturing output, which accounts for around 14 percent of the economy, fell by 2.9 percent on the month against forecasts for a 1.4 percent fall. This brought an annual fall of 12.8 percent, also the steepest decline since January 1981.

In the three months to January compared with the previous three months, factory output fell by 6.4 percent, its biggest drop since records began in 1968.

The ONS said that 12 manufacturing sectors recorded declines, with especially significant falls in transport equipment, basic metals and metal products, machinery and equipment, and chemicals and man-made fibres.

inspector_monkfish

bounce back to 1.3825

inspector_monkfish

09:38 10Mar09 GBP/USD: Weighed Down by Worse-Than-Expected UK IP & MP Data

[09:37 GBP/USD: Weighed Down by Worse-Than-Expected UK IP & MP Data] London,

March 10. Cable"s retreat from an intra-day high of 1.3879 has extended to a low of 1.3795 on the back of January"s worse-than-expected UK industrial and manufacturing production data. IP fell by an annualized 11.4%--an 18-year low, and by 2.6% month-on-month. It was forecast down 9.9% y/y, down 1.2% m/m. MP fell by 12.8% y/y and 2.9% m/m. It was forecast down 11.7% y/y and 1.4% m/m.
1.3776 (today"s early Europe low), 1.3761 (today"s Asian session base) and 1.3741 (yesterday"s six-week low) are sterling support points. Touted bear targets south of 1.3740 include 1.3700, 1.3620, 1.3600, 1.3548 (Jan 26 low) and 1.3500 (Jan 23, 24-year low).

inspector_monkfish

currently at 1.3835

its holding up well, after those figures, after the initial decline to 1.3795

inspector_monkfish

trading 1.3845


back to where we were before the numbers!

inspector_monkfish

just ramped up to 1.3880