Market Comments - 5th of May 2010
It's good to be back blogging on the markets!!
There has been a lot happening in the financial markets. The Greek tragedy is still affecting europe with the £120billion bailout of Greece and with more europeans countries (Spain, Portugal and Ireland) on the brink.
The Goldman's Sachs scandal with the on-going investigations and possible criminal charges to be brought against them has also affected the equities markets and also the currency markets.
The impending UK elections on the 6th of May has put the brakes on the GBP/USD. The GBP/USD will probably not start trending till after the elections.
With all this going on in the financial world, it is important to keep abreast with the news and stick to your trading plan.
Today's trades are below. Happy trading!!!!
Regards
There has been a lot happening in the financial markets. The Greek tragedy is still affecting europe with the £120billion bailout of Greece and with more europeans countries (Spain, Portugal and Ireland) on the brink.
The Goldman's Sachs scandal with the on-going investigations and possible criminal charges to be brought against them has also affected the equities markets and also the currency markets.
The impending UK elections on the 6th of May has put the brakes on the GBP/USD. The GBP/USD will probably not start trending till after the elections.
With all this going on in the financial world, it is important to keep abreast with the news and stick to your trading plan.
Today's trades are below. Happy trading!!!!
Regards
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