There is usually some volatility at month end as big money needs to “get things done” , often at any cost. If traders can determine these moves, in real time, as the London fix approaches at the end of each month, there could be opportunities to take advantage of these large flows. These big money players include Central Banks, pension funds, and mutual funds that...
For the seventh straight day, GBP/USD is attempting an upward correction, but gains stopped around 1.2517 before settling around 1.2471 at the time of writing. The Pound's attempts to launch collide with pressure from Britain's position towards dealing with the epidemic, especially with global economies heading to reopen, and Britain is lagging in this regard, in...
AMERICA:
The Federal Reserve didn't surprise. Policy was maintained, and the somber outlook and medium-term risks. Rates would remain near-zero until the central bank was confident that jobs and prices were moving toward their targets. While we had suggested that with key rates below the interest the Fed pays on reserves and the rate at which it conducts reverse...
The main takeaway from all three of this week’s monetary policy announcements is that Central Bankers did not coat their economic outlooks. They are taking the downturn in their economies very seriously. They are worried that their contractions will deepen. They have not only taken steps this week to offset the decline, but also PLEDGED to do more.
The commodity...
Once a successful break occurs to the downside we will short to our TARGET PROFIT!
I'm STRONGLY against any LONGS happening any time soon, where we will be FOCUSED on our SHORTS in the market.
many FALSE BREAKOUTS have occurred, in the start of London Sessions. Will be keeping a close EYE after TOKYO SESSION.
ESTIMATED ENTRY:
@1.09500
TP1-1.0934
TP2-1.09000 (Where...
We have finally seen a clean BREAK towards the upside, where price has failed to test the 1.0900, clean break as occurred today, indicating a strong area of resistance, I'm still strongly supporting SHORTS in the market, forming a well known BUY TRAP in the market, before INSTITUTIONS start to jump in, as we have seen the past month or so!
Will be paying close attention towards the NEW YORK SESSION TODAY:clipboard: Once we see a clear indication of SELL Pressure, will be entering as a short towards the 1.076 !!
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