At first I thought Carney was very concerned with inflation and yet it seems he is more concerned with Brexit and given the BOE independence, they can divert from the original inflation target i.e. withstand more inflation or GBP weakened to smooth the Brexit experience. Given his talk, I don't think the PM will reverse her tone.
GBPAUD rose over 150 pips from our buy entry last night. I took partial profit and now will reenter when/if one of these potential scenarios plays out.
Trade the BOE decision...SHORT...if brake-out and confirmation occurs reposition accordingly. Trade la decision del Banco de Inglaterra. Si rompe la resistencia y se confirma la movida reposiciona la operación.
GJ has began its fall, and there is a very large range to fulfill, the question is, what fundamental movement in the market will drive the plummet and to what extent? Many complex factors will fuel the move down, and it is imminent.
Many are expecting a rate cut from BoE this Thursday. Will Carney deliver the cut? Will Pound hit back up to 1.3800 level? Watch the video analysis to find out more: www.youtube.com www.facebook.com www.youtube.com www.fxpresearch.com
IMO Mark Carney was very dovish on the margin, certainly reinforcing their/ my view of an August cut being 90% on the table. The most supportive statements were "MonPol Important In Cushioning Effects Of Any Relapse In Recovery In Months & Quarters Ahead", "The MPC Does Not Have The ''Luxury '' and "More Should Be Done To Cushion The Effects Of Negative Shocks" -...
It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting. Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish, then the resistance will be...
If price closes underneath the combination of support, traders will search out The U.S. dollar’s upward momentum quickly faded, following Wednesday’s FOMC minutes which suggested a December rate hike was “back on the table.” Traders were likely booking profits after the spike higher in the dollar index, which has caused dollar pair counterparts to advance into...
The GBP/USD pair has some important levels of support/resistance beneath them: 1.5350, 1.5175, and 1.4975. They are significant because the retracement of the fall from 7/2014 may be over, and the question is can the 6/2015 high hold and will price begin to descend to the 04/2015 lows. This downward sloping pitchfork and the story of a price it tells is...