Hello guys, here is the market reaction during previous 0.25 bp rate hike by Norge bank. There was another 0.25 bp rate hike today and supported by last night 0.25 cut by FED and last week 0.10 bp by ECB, such behaviour makes no sense to me.
Opinions are welcome. I am staying short here, waiting as long as needed, but trying to understand Why?
We sit on a very strong historical support. Economic data from Australia is due in ~12 hrs. Because of last month elections there will be more than 16 k growth in part-time employees + improved full time employees.
Good luck traders and let the pips be with you!
The pair quickly climbed up to that resistance line. It will bounce back down most probably. If we see breaking and closure above it, there might be a continuation to 0.69340 at least.
I personally will keep my longs to 0.70500.
Good luck everybody and let the trend be with you!
Everyone is selling, but be careful. AUD will weaken this summer. I just bought and made few pips to grab some easy buck.
"Some remarks on the implications of Reserve Bank of Australia Governor Lowe's speech yesterday.
High Frequency Economics:
say that expectations of a June rate cut will continue to gather pace
unless there is a some data surprise..."
We have a very strong support which still holds. A break down will start a new trend. I personally placed a buy limit at 1284. Previously there was another touch back at the same level. Support area is very strong and we can safely place very thin SL.
Good luck everybody!
Economic data due in one hour won't support GBP. Offered brExtension will come at a price and will hurt additionally. However, it is still due to see if there will be consensus between all 27 EU members.
"UK Brexit Minister Barclay: I Do Not Want To See A Long Brexit Extension -The Sooner We Can Get a Brexit Deal The Better"
~ 1.32725 must hold the cable for a while before retracing back or going North.
Lack of proper pallets doesn't slow its rally.
3 UK ministers threaten to quit over no-deal Brexit. If a single minister leave the government, we may see 180 degrees reversal trend.
While writing this, the top from 28th of January is reached. Be careful and patient.
* Thanks in...
The pair is trading around its lowest in last 4 years. It starts taking off.
Direction UP. Review your charts ASAP.
Good luck and profit for all!
P.S. Please like so I can get the necessary level which will let me comment and participate in discussions. Thanks and have the best weekend ever!