GBPUSD- Continues Short Selling
Technical:
Elliot Wave C: I am basing the trade due to Elliot Wave C
Supporting Technical:
Crossed EMA on daily chart at 50/200 ema .
- The pair Respected the 10 year down trend which I believe triggers the bigger players in the market.
Putting Fundamentals on Factor.
I must agree, there are some reports speculating the slowing of US economy based on the US Yields going lower. However, we have to consider the noise(speculation) vs facts. In my opinion those are noise until we see a confirmation. Until the time we see a clear position, that will be the time I will shift my position from Buying USD to selling USD.
US Growth Expectations Should Stabilize After June US Jobs Report - BY DAILY FX
Based on the data received thus far about Q2’19, the Atlanta Fed GDP Now forecast is looking for growth at 1.3%. The next update to the Q2’19 forecast will be released after Wednesday’s US economic data. But traders should be looking for a slight improvement in the near-term, particularly after the better than expected June US jobs report on Friday.
If you have opinions regarding my trades, feel free to leave a message below.
Elliot Wave C: I am basing the trade due to Elliot Wave C
Supporting Technical:
Crossed EMA on daily chart at 50/200 ema .
- The pair Respected the 10 year down trend which I believe triggers the bigger players in the market.
Putting Fundamentals on Factor.
I must agree, there are some reports speculating the slowing of US economy based on the US Yields going lower. However, we have to consider the noise(speculation) vs facts. In my opinion those are noise until we see a confirmation. Until the time we see a clear position, that will be the time I will shift my position from Buying USD to selling USD.
US Growth Expectations Should Stabilize After June US Jobs Report - BY DAILY FX
Based on the data received thus far about Q2’19, the Atlanta Fed GDP Now forecast is looking for growth at 1.3%. The next update to the Q2’19 forecast will be released after Wednesday’s US economic data. But traders should be looking for a slight improvement in the near-term, particularly after the better than expected June US jobs report on Friday.
If you have opinions regarding my trades, feel free to leave a message below.
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