looking at some key dates on how the spanish flu spread, i fail to see a big reaction in markets. Guess that war was the main driver for markets, and consumers conmumption was not as big % of the GDP as now. But still, i feel it is an interesting exercise. Enjoy
Cable has erased quite a chunk of the latest weeks fall. Fundamentals still point towards cable weakness, due to FED and BOE different positioning on the rates cycle. For me, this H&S clean figure can mean:
1.- Resumption of the bearish trend
2.- Short term retracement of the current reaction from 1.46 level
This is the first idea I publish, so please feel free...