Today Sterling moved over the key 1.50 level in interbank trading. We have been waiting for this to happen (see our video).
It appears that this market is headed higher against the dollar.
Watch this video again for target levels.
Adam Hewison
President, INO.com
Co-creator, MarketClub
We haven't looked at the British Pound (GBP) lately, as it has been in its major swing to the downside. The question is, is the British pound ready for a comeback?
In our new video, I delve into the depths of the British Pound, and take you step-by-step into my thought process and why we're looking at this market right now.
Continue reading "FOREX... is the British pound making a reversal?"
J. Adam Hewison, the founder and president of INO.com, will share with you the technical tools he uses every day to determine trends in the foreign exchange markets. He will also discuss the outlook for the U.S. dollar and major cross-rates and show you a very simple technique to determine the major trend in the currency markets.
Adam will explain negative and positive forces in the marketplace and how the big moves are often set up years in advance. As a former floor trader, Adam will discuss the difference between trading on the floor of an exchange and trading from an office thousands of miles away.
Before starting INO in March 1995, Hewison was a foreign exchange trader and advisor. He was one of the first currency traders when the International Monetary Market (IMM) of the Chicago Mercantile Exchange pioneered financial futures in the 1970s, and in the 1980s he introduced a very popular daily fax advisory service, FXPro. He is also the author of two highly-acclaimed guides to the foreign exchange markets: "International Monetary Report" and "Right on the Money, the Definitive Guide to Forecasting Foreign Exchange Rates".
In addition to an IMM membership, Hewison held seats on the CME's Index and Options Market (IOM), and was a charter member of the New York Futures Exchange (NYFE) and the London International Financial Futures and Options Exchange (LIFFE). Also during his trading career, he managed the currency and risk exposure of a large multinational corporation, based in Geneva, Switzerland.
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