The UK Bond Crisis is showing signs of easing and some major news over the weekend with new Chancellor Hunt talking about possible budget cuts and Tax rate changes to the upcoming budget on Oct 30th. The Bank of England Governor also talked up more aggressive rate hikes and both are helping calm markets Monday morning ahead of what will be volatile day. The...
Last week, UK pension funds, which hold highly leveraged bond derivative positions, were facing a nearly $1 trillion loss as bond prices crashed and yields rose. The crash in the bond market has been underway for years, but the tipping point occurred when the UK prime minister pledged to cut taxes at a time when inflation is soaring into the double...
UK10Y-GB We are overall at key area but just like EUR I see no fundamental reasons short/medium term on why and who would realistically going into Gilt at this moment of time. Inflation running hot, could estimated by this yr at 13-15%, recession, housing crises and last of all political instability.
$GBP - It's time! Cable has a good R/R - A pull back to the support areas near 18 areas. A break above next area of interest is the TL down area of where 50EMA is placed and target 200 EMA areas. Enjoy TJ
£ $GBP - Slippery slope! Now to be aware fundamentally GBP is at a very weak position just like EUR. UK recession and plenty of more other various factors that are listed in previous post based on GBP. However, we could decline further leading us towards low of 2020 areas and perhaps Brexit areas IF we go below 1.17 handle. Just to be aware we do have new Prime...
Here you can see another idea that I found interesting from my indicators perspective
This one's a little bit under the radar still. Well-advised to get in before the ARKX. PT: $16