𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair is trading in the green, but the British pound is largely under pressure, while the US dollar moves according to the results of the interim trade deal between Washington and Beijing signed on Wednesday. The pound is losing some stream after the dull...
The pound experienced one of the worst week these years. Johnson and the deadlines greatly spoiled the mood for buyers of the British currency. The ghost of an exit without a deal materialized again. However, its probability is no more than 25% (according to Goldman Sachs analysts), many hastened to take profits from the sharp growth of the pound in the...
There was a lot of talks about Trump Impeachment. Despite the decision of the House of Representatives, the chances of gaining Senate support are extremely low (gaining 2/3 of the vote is almost impossible). So the reluctance of the dollar to fall against this formally negative fundamental background is generally understandable. And if the dollar yesterday felt...
US President Donald Trump has been impeached by the Democratic-led House of Representatives for obstruction of Congress and abuse of power related to his dealings with Ukraine. The votes made Trump only the third president in United States history to be impeached and set the stage for a likely trial in the Republican-led Senate in January. This event has already...
The previous week, promised to be relatively calm, however, it turned out to be eventful. Gold and the Japanese yen were under downward pressure. The reason is the progress in negotiations between the US and China as well as the growth of positive market expectations regarding the end of trade wars in the foreseeable future. The main result of the week was the...
Last week proved quite eventful for financial markets. More than we expected. The Federal Reserve cut its fed funds rate on Wednesday by 25 basis point to a range of 2% to 2.25%. Fed Chairman Jerome Powell said, “It's not the beginning of a long series of rate cuts,”. The current rate cut is a reaction...
Yesterday, markets somehow tried to price the rate cut in and realized that the door that has been opened for a cycle of rate cuts by FED is not the beginning of a downward cycle. Therefore, the dollar continued to dominate the foreign exchange market, but the stock market was experiencing problems. We would like to draw attention to an important nuance in the...
The main event of yesterday was undoubtedly the announcement of the outcome of the meeting of the Federal Open Market Operations Committee. The 0.25% cut has "symbolic importance" as one analyst puts it. data from the Fed funds futures market has suggested that for weeks 100% of investors already expected at least that much. We still do believe that we have to...
At the last meeting, the Governing Council of the European Central Bank (ECB) decided that the interest rate remain unchanged. Also, Mario Draghi said that officials had not discussed the rate cut. Accordingly, the euro has a good chance this week to rebound from the medium-term range lowest level. In this regard, our position on the euro - we buy primarily...
Perhaps the main event that jogged financial markets and had effected on the momentum of oil prices valuations, as well as gold prices, was an incident in the Strait of Hormuz. This time the United Kingdom and Iran were involved. Three Iranian warships tried to block the passage of the British company BP tanker. A British warship offset the attempt, but the...
The graph has just formed a morning star as the price touches the support level of the bearish channel and the price was also touching the oversold level on the RSI. This means that the price is getting ready to change direction and we might see bullish moves over the coming days. This pair has been looking very interesting lately after the BOE (Bank of England)...
Trade what we see: GBPJPY on the daily frame has been over extended and given the uncertainty around the UK economy and the Bank of England Sentiment / Brexit, the break below now could gather some momentum. Stop Loss above the S/D zone
GBP/USD GBP/AUD GBP/JPY GBP/CAD Pound Meltdown now being subdued a little? Can we continue to fall?
OANDA:GBPUSD Observations 1)The roadmap is clear now. This pullback can push GBP$ as low as 1.33s and still, we are in a good position to add longs. 2)Bank of England may not hike rates, but who cares! TVC:DXY could recover back to 94s and it wouldn't matter as it eventually has to drift lower towards 74s. 3)Any GBP$ weakness translates into a 'load the...
FX:GBPUSD Observations Over the last 11-years, GBPUSD highest closed was on Jan. 31st 2015 +2.33% or +359 pips. Then, so far Jan. 22nd, 2018 +460 pips; time to place a short! Targets on the weekly chart 61.8% 1.3645, finally 1.3530 near 50.0% Fibonacci.
Market on the 1 day timeframe looks very promising for a resurgence of the pound to go trending up as well due to bank of England raising the interest rate from 0.25% to 0.50% which was done to meet inflation rates. Higher interest rate means higher exchange rate cause people are willing to exchange their currency to GBP to add on interest. This also fits with...
Buy trade possible from build up of orders at the 0.8740 area however depending on the Bank of England interest rate decision, this may well be an area for Sell trades.
My statistical studies shows that GBP hard data release today is likely to be dissapointed. CAD will also have somewhat dissapointed data in my opinion, however relatively it will have the smallest "dissapoinment gap" amongst the Majors. In addition, today we will have 2 speeches coming out from MPC Member Broadbent and the BOE Governor Carney, both of whom has...