GBP/AUD Was looking like a very strong buy until it started a reversal shown on the chart. It's cleanly started trending downwards with a set of lower lows and lower highs. Price is currently hovering around previous structure low meaning this is a good possibility of a retest. As the trend is clearly bearish and we're able to enter at a potential high. This is...
fuck the UK - Boris Johnson is a maggot version of Trump (who himself is a maggot)
Fibonacci levels are favorable to consider a mini rally. Hold the position for 2 or 3 days and we'll see.
Well well what a week for the pound. Boris actually looking like he's pulling his finger out and cut the irrelevant and commences positives talks with IE Brexit associates that see the Pound rocket 500pips in two days!! Now will the market stabilise and pull back? I think so, but when? currently I have a monthly key level and a pink weekly trend line at 1.27000...
BULLISH COUNTER TREND CHANNEL DURING A TWO YEAR BEAR MARKET DOJIS POST A BEARISH PULLBACK 50% FIB RETRACEMENT
PUSH UP IN LONDON SESSION BACK TO A DAILY GREY RESISTANCE AREA PERFECT SPIKE FOR A SELL ENTRY. STOPS ABOVE THE HEAD OF THE FORMATION WITH A MA CROSS YESTERDAY AND A BEARISH CLOSE TO LAST WEEK
I call this the Backing Boris Strategy. If Boris manages an exit on the 31st, the people will see him as the person that got things done, got the queen involved and made the bold moves. Deal or not, the closure will add certainty and business can finally adapt to the new conditions. That and EU just announced QE - One of the downsides of QE policy is that it...
The UK has a new prime minister in the form of Boris Johnson. He is in favor of Brexit and will likely build a cabinet that will represent that bias. The retail market is taking this a 'short' on the GBP and sentiment indexes suggest we could now see a reversal of that bias. Boris Johnson was likely to become prime minister so will the market have priced that in?
The Banks of Japan and England are announcing the results today. But, let's start by summarizing yesterday’s FOMC meeting. The Fed did not violate the established balance in the market and left the interest rate unchanged. As for the comments, then, as we expected, they turned out to be “dovish”. In particular, the phrase “to be patient”, which was the main...
According to media reports an oil tanker turned into a fireball after a suspected torpedo attack off the coast of Iran. A second tanker was said to have been targeted by a magnetic mine in a series of explosions. Oil rushed up as we expected. However, we consider this growth an opportunity for sales at a higher price. Considering that this week oil reserves in the...
According to The Economist, the trade war between the United States and China has already caused the global economy irreparable damage, disrupting the supply chain that had been creating for several decades. The point is that, there are a lot of Chinese companies have found the way of delivery of goods to the United States. For instance, across Vietnam. The...