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Article » GBPUSD Rises On Increased Risk Appetite
GBPUSD Rises On Increased Risk Appetite
Jul 26 2010, 08:45

Cable Climbs Sharply Higher on EU Stress Test Results.

The cable jumped higher since Friday, breaking above the 1.53 level, in anticipation of better than expected EU banking stress test results.  The rally kept its steam on Monday as Asian equities welcomed the result with a positive tone. 

Trading the trend by buying 100k at 1.53 and closing the position at 1.55, you would have earned $2000 and only used $500 for margin.  Thus using only $500 of your equity you would have made a return of 400% on it!  By using $500 margin to trade 100k GBPUSD you would have been using approximately 200:1 leverage

Market review by www.gfcmarkets.com

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with Matthew Sheppard
Senior Forex
Advisor at XForex

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