Jul 05 2016 at 10:14
Despite concerns regarding Italy’s banking crisis and the potential for the rise of euro-sceptic political parties, the single currency advanced versus nearly all of its major peers.
The appreciation can be linked to the combination of positive domestic ecostats and traders taking advantage of the Euro’s comparatively low trade weighting.
Meanwhile, the British Pound continues to struggle after domestic data showed Business Confidence slumped.
8490 got hit earlier,a short position looks likely back down to 8400,tight stop losses are the key here.
The appreciation can be linked to the combination of positive domestic ecostats and traders taking advantage of the Euro’s comparatively low trade weighting.
Meanwhile, the British Pound continues to struggle after domestic data showed Business Confidence slumped.
8490 got hit earlier,a short position looks likely back down to 8400,tight stop losses are the key here.
"They mistook leverage with genius".
Jul 05 2016 at 17:26
8540 was knocked out,stuck at 8500 for now,8490 looks like support medium term.
"They mistook leverage with genius".
Jul 06 2016 at 08:51
The pair reached 0.8620 today, I don't think that the move to the upside is over for now.
Jul 07 2016 at 08:51
Or maybe it was over for the moment, considering that it has stalled there.
Jul 07 2016 at 15:48
Looks like GBP/USD is heading back down to 1.2800
"They mistook leverage with genius".
Jul 09 2016 at 10:00
Perhaps. It's just consolidating sideways for now, but that also means it's not bullish at all.
Jul 09 2016 at 15:28
Two areas I will be watching 1.3010 and 1.2907,yeah just going sideways waiting for a breakout.
"They mistook leverage with genius".
Jul 10 2016 at 10:48
snapdragon1970 posted:
Two areas I will be watching 1.3010 and 1.2907,yeah just going sideways waiting for a breakout.
What do you think about EUR/GBP? Do you think it will continue rising?
Jul 11 2016 at 14:13
My view:GBP has to depreciate more to remain competitive,if you read BOE Carneys speech you will get the full picture,there's a 50% chance of UK slipping into recession according to Reuters. 1000 top lawyers signed a petition in London, doubt about the legality of the vote.
"They mistook leverage with genius".
Jul 12 2016 at 08:47
snapdragon1970 posted:
My view:GBP has to depreciate more to remain competitive,if you read BOE Carneys speech you will get the full picture,there's a 50% chance of UK slipping into recession according to Reuters. 1000 top lawyers signed a petition in London, doubt about the legality of the vote.
I read about the petition. Who knows whether it will work...
