GBPUSD is in the bullish area on the daily chart on the left. On the right, the hourly EMAs have crossed bullishly. The stochastic still needs to cross up. If it does, a movement to 80 level and maintenance of that level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The GBP/USD has rallied a bit in the last few days where the Pair price jumped from 1.3571 to 1.3971, but the Bulls are struggling to pass the 1.39820 resistance line, if...
In a few hours, the Bank of England is to publish data on the interest rate, the volatility on GBPUSD will increase significantly as usual, and a range of price consolidation is already being traced. I believe that until the moment of publication, we will grow a little more and after that we will fall by the traditional 100-150 points. ======= 1.4000 SELL 1.3930...
Fundamentals Key Points: 1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years. 2. UK 10 Year Bond yields have been rising as a result of high inflation expectations. 3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors...
Rates markets are pricing in faster policy normalization for the BOE With the Bank of England just a few days away, it’s always a good idea to reflect on the rates market and see what it’s pricing in. Looking at the SONIA quarterly futures rates we can see that markets are pricing in much faster policy normalization for the UK compared to the likes of the FED....
NZDCAD H4 Range holding nicely for the moment, two tests of resistance and two tests of support. Nicely quantifiable for both the long and short potential too. Hopefully something we can carry into next week.
GBP - One of my favourite currency pairs! How's everyone doing? What's your favourite currency pair to trade? Do you have an edge? If not - Work hard and create your own edge - I am sure 100% you can and will accomplish that goal. If you don't know what edge is - Message me privately. Sometimes, you don't actually need to trade all the currency pairs and...
Last week, the Bank of England and the Reserve Bank of Australia held their first monetary policy meeting for this year. In this article, we will look at the takeaway from the meetings. BoE put to rest speculation on adoption of negative interest rate. The third national lockdown imposed on England early last month led to the speculation that the Bank of...
Comments from the BOE meeting this morning 1. CPI inflation is expected to rise quite sharply towards the 2% target in the Spring. 2. Other indicators suggest that Labour market slack has remained higher than implied by the LFS rate. 3. CPI inflation is projected to be close to 2% over the second and third years of the forecast period. 4. A further increase in...
Earlier I posted the GBPNZD double bottom pattern and it failed to complete due to the NZD GDP release which caused the pair to consolidate and the BoE meeting today is the cause of the GBP weakening as the MPC was looking to be dovish. We are likely to see it plummet for the short term. Thanks for viewing. Comment with your thoughts I'd like to hear them.
THERE ARE ONLY 2 FACTORS: IS JPM LONG? www.cmegroup.com IS BLACKROCK SHORT OR LONG WITH AN INFINITE AMOUNT OF LEVERAGE? www.bloomberg.com NEVER BET AGAINST THE ROTHSCHILD VAMPIRE SQUID AND ITS TENTACLES!
The main event of the previous week was not a meeting of the Bank of England or even a decision of the Fed (both the Central Banks left monetary policy parameters unchanged). This is not data on US GDP (annual growth rates have been the weakest since 2016: 2.3% in 2019 compared to 2.9% in 2018), but the coronavirus epidemic in China. Yes, so far the epidemic has...
Just before the bank statement, I present a long idea with small risk
As we warned in our two previous reviews, investors relaxed clearly prematurely. Actually, the dynamics of underlying assets on Wednesday confirmed this. And the front pages of publications clearly indicate what investors should think and worry about now - the coronavirus epidemic. Yesterday we wrote that its scale has already exceeded SARS, and the epidemic is...
Yesterday, investors felt less relaxed and confident than it was on Tuesday. The VIX index stopped pouring, gold even rose by the end of the day, the Russian ruble returned to decline, as did oil. That is, everything is back. Investors can understand: the number of deaths continues to grow rapidly, as does the number of cases. As a result, the current epidemic...
Last week was marked by meetings of the Bank of Japan, Bank of Canada and the ECB. The first wave of decisions showed that the central banks are not yet ready for any changes in monetary policy. You can understand them: at the current rate of economic growth, raising the rate is impractical, and there is nowhere to lower it (at least in the case of the Bank of...
Price again testing the upper trend line after a false break from election period. Upcoming week is key and all attention on UK Brexit conclusion. Boris finally pushed his Brexit plan and on Friday 31st UK is leaving the EU. Also on Thursday we have BoE, Carney's last meeting, with various call from board members to potentially cut the rates to boost the economy....
The main event of yesterday in terms of macroeconomic statistics was the publication of statistics on the UK labor market. The data pleasantly surprised. Recall that we expected rather weak statistics - the British economy has been painfully unconvincing in recent times. Nevertheless, the UK economy for three months until November created 208K new jobs, which is...