Fundamental and Analysis: Brexit development made influence
In this analysis, we see that Sterling Pound is break down the descendt triangle, becuase as I mentioned on the passed weeks that we could to see a bearish movement on this par, because the thing in Europe could be relate as United Kingdom is advanced in their progress.
So, in H1 timeframe I hope an entry in short position at 0.9054 Pound. My objective is to find down 100 pips.
Look in H4 timeframe we starting a bearish movement!!!
Fundamental Keys:
1. GBP/EUR is seeing fairly narrow trade since markets opened this morning. The expectations for potentially huge UK Breit and coronavirus developments this week are keeping pound volatile.
2. Developments in Britain situations could cause a big change to the Pound outlooks in all time.
3. The coronavirus and Brexit situations in United Kingdom it's kepiing his pressure on the Pound.
4. Britain's coronavirus infection rate remains high, and the UK government is expected to introduce new restrictions in the coming week in order to limit spread.
5. The investors are also anxious about the Brexit process, as the UK government's self-imposed negotiation deadline on October, 15, 2020.
6. In recent weeks, a lack of big surprises in the Euro outlook has left the shared currency being driven by strenght in rival currencies. IN particular, the strenght of its rival the U.S. Dollar has been particularly influential.
7. The German prices data was a little impact for the Euro and that warned that had little impact in the Eurozone.
8. Brexit uncertainties persist, as this could be a highly inluential week or the process.
That par could be more influenced by Sterling Pound. But, we have another news that could be a dangerous for Sterling Pound about that central bank has asked banks today to make a negative interest rate in 0, and there's fears that Sterling make a drag into negative territory in the near-term that Bank of England had prepared this plan. But this news, we need to watch out our perspective to shorting Sterling in trading.
Fundamental Keys about the Bank of England plan and what will be happened if the interest rate reach 0:
1. Pound investor are remaining cautious ahead of the British government's scientistis updates on the covid-19 infection rate later today.
2. There're a warned that United Kingdom has reached a critical juncture on covid-19, with Prime Minister Boris Johnson expected to reveal a three-tier alert system in today's speech.
In my personal opinion in short term we see that UK government want to created a coronavirus restrictions and Brexit development, that favorous Pound in short term. But looking in medium term, the specualte news sound bad for the interest rate that central bank want to put an interest as deflationary below of 0. And investor are so cautions of more critical juncture of the pandemic and the government system could be drag.
So, in H1 timeframe I hope an entry in short position at 0.9054 Pound. My objective is to find down 100 pips.
Look in H4 timeframe we starting a bearish movement!!!
Fundamental Keys:
1. GBP/EUR is seeing fairly narrow trade since markets opened this morning. The expectations for potentially huge UK Breit and coronavirus developments this week are keeping pound volatile.
2. Developments in Britain situations could cause a big change to the Pound outlooks in all time.
3. The coronavirus and Brexit situations in United Kingdom it's kepiing his pressure on the Pound.
4. Britain's coronavirus infection rate remains high, and the UK government is expected to introduce new restrictions in the coming week in order to limit spread.
5. The investors are also anxious about the Brexit process, as the UK government's self-imposed negotiation deadline on October, 15, 2020.
6. In recent weeks, a lack of big surprises in the Euro outlook has left the shared currency being driven by strenght in rival currencies. IN particular, the strenght of its rival the U.S. Dollar has been particularly influential.
7. The German prices data was a little impact for the Euro and that warned that had little impact in the Eurozone.
8. Brexit uncertainties persist, as this could be a highly inluential week or the process.
That par could be more influenced by Sterling Pound. But, we have another news that could be a dangerous for Sterling Pound about that central bank has asked banks today to make a negative interest rate in 0, and there's fears that Sterling make a drag into negative territory in the near-term that Bank of England had prepared this plan. But this news, we need to watch out our perspective to shorting Sterling in trading.
Fundamental Keys about the Bank of England plan and what will be happened if the interest rate reach 0:
1. Pound investor are remaining cautious ahead of the British government's scientistis updates on the covid-19 infection rate later today.
2. There're a warned that United Kingdom has reached a critical juncture on covid-19, with Prime Minister Boris Johnson expected to reveal a three-tier alert system in today's speech.
In my personal opinion in short term we see that UK government want to created a coronavirus restrictions and Brexit development, that favorous Pound in short term. But looking in medium term, the specualte news sound bad for the interest rate that central bank want to put an interest as deflationary below of 0. And investor are so cautions of more critical juncture of the pandemic and the government system could be drag.
Trade active:
Hello. I activated my short poaition
I will going to updated more later!!!
I will going to updated more later!!!