Core GBP CPI was 1.6% vs 1.3% expected. The pair got a push with a new high. After the surprise reaction the price is consolidating ahead the American session…
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Good morning everyone,
It’s not difficult to realize that the dollar has continued to weaken. The moves in the currency and commodity markets indicate that the Fed’s actions will have a lasting impact on the financial markets. The Eur/USD has now rallied for 8 consecutive trading days. (heading to 1.40 ?).
Today it’s suppose to be a quite day in the currency markets with no relevant news for the day. We’ve got German Producer Prices for Eur very early this morning and we’ll get CAD Retail Sales at 12:30 GMT.
But let’s consider that is end of the week and we can have profit taking this afternoon, so stay tune..
Volatility is back in the markets, so let’s enjoy it.
Trend lines work. Don’t they?
Let’s see the Cable 60m. chart. The downside move from the European start finished (before news (US CPI) time) just “touching” the ascending trend line connecting the previous swing highs. Do you need more indicators for trading?
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Watch the latest session video review in HD (Hight Definition) !! . Press here.
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Cable is very weak today, breaking the Asian support just at the Frankfurt Open and breaking right now the previous swing Low. Meeting minutes ahead. Traders are positioning because are expecting a dovish release.MPC MPC Meeting Minutes ahead.
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Watch the latest session video review in HD (Hight Definition) !! . Press here.
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Very nice start of the week. +100 pips in the first run.
Very nice start of the week. Eur and Cable very strong since the beginning of the Frankfurt open. Lots of opportunities for scalping and for grabbing +100 pips in the first run.
Remember to press the Full Screen button to view the video in HD (High Definition).
You`ll see the trading station as you see it at your PC !!!
