Hello guys, As we can all see everyone in the UK was so excited about taking a direction on the 13th of December so price has been pumped up to 1.35 where reality (a.k.a Boris Johnson and his Brexit plan) kicked into our teeth and started a sell off the British pound. By Christmas the sellers cooled down a little bit so the market could finally started a...
Powell speaks in Jackson Hole that is what everybody is waiting for. Fed minutes from the meeting also showed the lack of unity among the Fed members. That might lead to the fact that the rate can be either lowered in September or left unchanged. That is complete uncertainty. That is why Powell's comments are that important. Markets still believe in the rates...
The fed is set to talk today. As you might know, the fed states his decision based on If J. Powell uses the words "Risk balance". The stock market is in BIG TROUBLE. What this would mean is he would cut rates only once . And the market has already baked in at least 3 more. IF J. Powell used the words "Going forward". The stock market might be in...
Also as additional technicals to support the short NZD$ view: 1. On the daily, weekly and H1 NU currently Trades (and at 0.73) close/ at to its +2 standard deviation lines, these are highly resistive. - Assuming NU trades mean reverting +2SD means there is a 95% chance of a price reversal/ 95% of all prices should be below the +2SD channel lines (e.g. NU...