Well most of the participants are expecting a Pound to go down, but we already had a surprise effect with interest rate decision, so what to expect now? 1 Economy - nothing has changed yet, even though G is leaving, it will take time 2 Friday - due to some explanations on Behavioural finance studies, the market is most likely to be illogical during the...
1. IMO Dudley tipped to the dovish side, especially on key inflation highlighting that it is " rising again, but still low". Other rhetoric reaffirmed much of what has been said post the brexit vote e.g. Uncertainty being the biggest factor. 2. Meanwhile, Williams was notably more upbeat/ optimistic, shrugging off the US's shock miss NFP report to instead...
Price action heads towards 1.44 for a test or the daily trend line and resistance at 1.44. Looking ahead we have BOE governor Mark Carney speaking on Tuesday and UK Manufacturing data out Wednesday and both can be seen as catalysts events to drive price above 1.44 or back down. Look out for each news event as equally appealing trading opportunities are likely to...
I was shorting this pair for couple of days, now is (probably) time for some longs. Why? Move down was so strong, it needs to react back. Entry i Butterfly's D point - 127.2% of XA, confimed by 161.8% of small correction. Not so much confirmation - we all know it is game :) And couple of facts about Butterfly: The general extension structure of the Butterfly...
GBPUSD went into an uptrend after it broke the January/February downtrend range. (Post-SNB funtimes) In 1 hour BOE Gov Carney can bring us some further good news, like the BOE delivered recently allready. Like in my USDCAD chart I mention here that in 6 hours from now Fed chair Yellen speaks as well. If that is no strong news for USD we have a nice long on our...
Very bullish on this pair. possible break retest continuation pattern. Price broke out of strong resistance and it can now retest the same level which is now acting as a nice support. the fundamentals line up with the technicals aswell because the GBP Is very strong at the moment. Gov Carney speakes tomorrow and i expect him to be hawkish and BOE inflation report...
Looks like a pretty simple long trade with USDCAD fluctuating between this upwards channel on the 15m Time frame.