Simple 12H analysis on the USD Weighted Index (not DXY)
Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline.
I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly...
Dollar will go down/weaker. I think this because it can't go up as it already went up to the normal high of the dollar and it was already on the top so it will probably will go down... also I just want to try a dollar trade.
usd/gbp seems to create a divergences as well has creating LH's and LL's on the 4hr timeframe.
Waiting for price to create another LH so I can enter short at that moment. The reason I've placed my trade there is because 50 ma holds that level very well so I am hoping that price reaches 50 ma and drops.
I am looking that GBPUSD is on a strong downtrend but it is trying to re-test the highs of the channel. It is making a nice rebound from the lower part of the Bollinger band so if it breaks the channel, we may see a long uptrend.
Let's see, I am adding a SHORT if it fails to break the channel but most likely scenario will be it will go up.
The Fibonacci levels show the depth of the price. It's possible that the dollar can grow. But this is not a reliable idea but a good input if you take a short stop loss. I increased it and I risk it ..
Compare investing in a S&P 500 ETF, for an investor based in GBP currency. With dividends reinvested.
vs S&P500 ETF tracked in USD
vs FTSE100 ETF tracked in GBP
For comparison, how much returns are due to underlying vs currency effects.
The US dollar is under the thumb of the president who got a handful of nothing during his visit to China. It’s interesting that yesterday Trump did not blame China for the trade balance deficit, but today he told the US ‘can no longer tolerate these chronic trade abuses’. Bad night, probably.
As it turned out, the Senate version of the bill differs a lot from the...
GBP leads the outsiders today, and we think it is time to buy it. The Pound is a tricky currency: it can grow even when the dollar is strong. On Monday, GBP was one of the leaders of the trades.
Of course, there are all these good old GBP-negative factors, such as concerns over Brexit negotiations, the political situation in the UK and that ‘dovish’ hike by the...
We waited for it too long (almost 10 years, actually) and it happened. The Bank of England pushed interest rates up to the pre-Brexit levels. Over a year ago, the Bank made an emergency rate-cut from 0.5% to 0.25%. Ramsden and Cunliffe became the dissidents as expected.
We agree with those who think that today’s step did not mean the start of a gradual...
Despite quite hawkish commentaries by Mark Carney, GBP/USD started falling. What's wrong with the pound?
The UK CPI index matched estimates at 3.0% yoy and 0.3% mom. Core inflation index, excluding food and energy, came in at 2.7% yoy. This data has not impressed the markets. However, GBP/USD made a good move touching today’s highs at 1.3280, but later retreated...
“Brexit talks have reached deadlock”, told Barnier today.
These are probably the last words one wants to hear when discussing any negotiations.
At the beginning of the day, GBP/USD advanced to 1.3265. But, no news on Brexit negotiations is bad news for the Pound. The British currency plummeted 100-pips and now is struggling near the support area at 1.3130. The...
Today is good opportunity to take advantage of thin liquidity amid some holidays in USA and Canada.
GBP finally received a much-needed respite. Last week the pair lost almost 3 figures and tested 1.30 handle. There was a reason to worry - Theresa May’s unstable political position.
It seems that today the clouds dissipated for the prime minister, as the jitters on...
A very calm day for the markets. To some extent because of holidays, to some extent because of strikes. The UK provided the markets with some macro- and economic news.
GBP/USD posted a session low at 1.3230 in the morning. Some buyers were waiting for the pair at these levels and it moved towards the 1.3300 handle before the soft data on construction PMI was...
Who is under bad luck these days? Who showed wild dances today in the morning? Right, it is the Sterling. One may think what could be the problem since Carney's commentaries should have benefitted the GBP growth.
The Bank of England governor told raising interest rates might be appropriate if the economy stayed on track. Even though he added that tightening...