Boris Johnson's Plan A can be said to have almost failed. Plan B seems to be the same. It seems that England's unremarkable withdrawal from the EU without a deal, or the postponement of Brexit, awaits us. The second is more likely. On October 3, GBPUSD had an interesting activity that forced sellers to absorb the entire upward price movement. Suppose there is an...
U.S.-China trade talks kick off again this week. Negotiations between the United States and China are set to begin on Thursday. China is not going to reform industrial policies or government subsidies, that is, wanted to continue to ensure the competitiveness of its products by any means, including not very honest ones. Trump said that any agreed deal would be a...
The US dollar value is growing in the foreign exchange market. Although we do not agree with the current dollar state, however that what is happening. We are conscious of the futility of trying to go against the market will, but the sensation of the illogical nature of what is happening and the current dollar value still does not pass. So today we will continue to...
Hello traders, The GBPJPY made a large recovery on the news a no-deal Brexit has been blocked by the UK Government. There has been a nice cup shape recovery, followed by a retracement down to the 61.8% FIC level. This is also a major support zone. Johnson is now negotiating with the EU about the Irish boarder issue. Any positive news coming from the negotiations...
Statement by US President Donald Trump that the agreement with China could be concluded “earlier than you think.” let to the volatility on the financial markets as well as gold. Considering that in the last six months there has been more than enough speculation on the topic of negotiations between the US and China, we have not rushed to draw conclusions and work...
The Supreme Court has ruled that Boris Johnson suspended UK Parliament unlawfully. Also, Johnson gave the Queen illegal advice to suspend Parliament. On the one hand, the news is not good for the pound, because it means another domestic political crisis, on the other hand, such a court decision should lead to Johnson's resignation. The pound has recently followed...
Last Night oil prices drop 3.1% just due to trade war concerns, this is why I'm looking into WOR. On the TA side, the weekly prices are below the 13 and 50 ema with the confirmation on the MACD as well. The daily price it looks like it got rejected by the 50 EMA with the confirmation on the Stoch. Looking for quick scalp below $13.37.
Boris Johnson managed to turn into the worst premiere minister ever. His attempts to neutralize Parliament so he could complete Brexit by October 31 failed. As a result, Johnson lost a majority in Parliament. Why even Johnson’s brother disowned him left the Cabinet and the party. As we warned in our reviews, Johnson's defeats are pound’s strength. As a result,...
Everything develops according to the scenario described earlier - Johnson’s defeat in Parliament is an occasion for the pound growth and its purchases. However, it’s too early to relax. Yes, the pound still has the opportunity to grow for not just a hundred points, but a thousand or even more. The key threat to the pound has not disappeared yet. So you should...
We continue to watch the confrontation between the British Parliament and Prime Minister Boris Johnson. Boris Johnson is losing another battle. On Tuesday, Boris Johnson not only lost his working majority, but he also could not initiate early elections. As we predicted, the pound strengthened. Even the weak data on business activity in the UK could not prevent...
Be concern working with the pound. Boris Johnson's decision to shut down parliament for five weeks in order ... controversial plan to suspend the UK's parliament for five weeks. The Queen has approved an order to prorogue the UK Parliament. Boris Johnson seriously set his sights on leaving without a deal. Of course, there is a chance that this is just his attempt...
This pair has created a buy zone for me on the lower TF's. I now fancy a long trade on this pair to the marked TP zone. Trade safe and good luck!
Boris Johnson asks Queen to suspend parliament. The decision will cut dramatically the time MPs will have to take action to prevent no-deal Brexit. he is going to ask the Queen to suspend parliament for five weeks from mid-September. It seems like the Queen is ready to be in. And this means that the opposition will have time until September 12 to prevent the...
Looking at a basket of Sterling pairs on a variety of time-frames. (You can add this to your own watchlists by copying this code: GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR ) There appears to be some evidence of a bottom shaping on the 4-hour chart. Expecting a bumpy ride with Sterling, but I believe the Risk/Reward is looking favourable in the short...
We are currently long the FTSE 100 which has dropped over the past day on the back of Boris Johnson's appointment and the subsequent strengthening of the pound. The pound strengthened as the market hopes that initial comments by Michel Barnier the European Union's Chief Negotiator would open the door to positive negotiations between the UK and the EU. However, we...
Boris Johnson became UK prime minister after the decisive Tory vote. He beat Jeremy Hunt comfortably, winning 92,153 votes to his rival's 46,656. What does this mean for a pound? The entrance to the turbulence zone. The Brexit negotiations, which were essentially frozen for several months, will again enter the active phase. Johnson is known for his attitude to...