In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month.
On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again!
I also picked...
as we see currently the price are moving in compression movement which might need a little bit more of force before boosting out.
We expecting the investor are currently looking for a good price and opportunity to purchase pound ahead of article 50 which will be triggering on 29 march 2017.
thus, we will long this pair at 0.5 lvl and 0.382 with projection target...
-met weekly resistance zone.
- oversold on daily for few days now.
-see a short retracement before trend continuation.
-article 50 triggering will see a continuation of the devaluation in the pound as uncertainty continues.
- i will look to short to the bottom weekly resistance zone off the 0.236 when the trend continues then im opening a long term long...
Brexit is looming over our heads and it's some time in March when Article 50 will be signed. This is what we should see in the lead up and the after effect of Article 50 being signed.
1. We should see the market price itself in at 1.30 level
2. Once Article 50 has been signed we should see Cable fall down to around the 1.20-1.19 level up to around May...
GBPUSD was slaughtered over night as Theresa May confirmed Britain would trigger article 50 in Q1 2017. Monday's close was the worst daily close since 1985 and this does not bode well for the pound. Pair is currently treading water less than 40 pips from the July/30 Year spike low at 1.2790. A break below there would target the 161.8 extension at the shocking...
Mysterious sterling strength:
1. Sterling has managed to par losses and actually rise in past days despite a number of heavily weighted factors increasing GBP downside pressure e.g. MPC M. Weale switching to the doves, PMI/ Business Optimism 8yr lows, Sterling rates markets consistently pricing >25bps of cuts to the BOE base rate (details below), the median bank...
Trading for this week:
1. My plan for next week focuses on point "3." from the previous post - I am waiting for risk-on or risk-off assets to confirm investor conviction by using USDJPY as a barometer for net risk sentiment. Despite the market uncertainty and high volatility UJ last week traded within a 200pip range for the between 101.3-103.3. Therefore, I...
Expectations vs Reality:
1. Following the referendum decision on Friday, as expected GBP sold off 10%+, the FTSE plummeted in a similar fashion and global risk assets sold off across the board, but FTSE/ Risk recovered a significant amount of those losses into Fridays close and for the rest of the next week.. So what happened to BREXIT?
- Such behaviour would...
