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GBPJPY - Long until BOE News Release - then SHORTMarkets will build up their long positions just up until the news comes out Thursday AM. Following the news release, we will see a strong surge to the upside knocking out stops, and enticing people to continue LONG. Once they have enough orders, price will fall quickly and create new lows by Friday AM. Volatility will be low until Wednesday, as most hedge funds and large banks will wait to launch their positions. I will let the LONG positions run throughout the week, take profit prior to the BOE news, and analyze my re-entry to go short once the stop loss hunt is finished. The "GHOST FEED" shows where i predict price to travel throughout the week. This is my personal opinion, and not to be used for trading advice or professional advice. Please let me know your opinions. Good Luck.
Long
by WintersCloud
3
GBPUSD STRONGLY BEARISH BELOW 1.3193 LEVELThe British pound has fallen sharply lower against the US dollar, after Bank of England member Jonathan Haskel delivered a dovish speech about future rate hikes from the BoE. The GBPUSD pair also came under pressure after repeated technical failure before the 1.3300 level and a reversal higher in the value of the US dollar index. A scheduled speech from Bank of England Governor Mark Carney this morning will likely set the intraday trading-tone for the GBPUSD pair. The GBPUSD pair will turn strongly bearish below the 1.3193 level, key support is found at the 1.3144 and 1.3101 levels. If the GBPUSD pair trades above the 1.3255 level, key technical resistance can be found at the 1.3291 and 1.3313 levels.
Short
by OctaFX_Official
GBPUSD & EURGBP post BoEBoE Vote split comes in at 6 - 3 BoE keeps rates and asset purchases unchanged at 0.50% and 435bln respectively. - Vote was 6-3 in favour of unchanged Bank Rate, unanimous for QE at 435B/APF at 10B - Haldane, McCafferty and Saunders dissented, voting instead for a June hike - Majority on MPC still reassured Q1 softness was largely temporary, but preferred to wait for further data on economy - Dissenters saw greater likelihood erratic Q1 growth would rebound, saw upside risk to wage inflation - MPC will not reduce stock of QE until Bank Rate reaches 1.5% (prev 2%) - Reduction in QE stock will be at a gradual and predictable pace; over number of years - Ongoing tightening of MonPol remains appropriate over forecast horizon - UK economy to develop in line with May QIR forecast - Global data since May QIR was mixed, financial conditions had tightened
Education
by RajDhall
GBPUSD in free fall, rate hike comments in question.Yesterday after BoE's Governor Carney hinted that possibility of rate hike is much more lower than previously the GBPUSD plunged from what it was a great run to the heights of 1.4377 for more than a month, and this means also that it is on the border to exit the bullish flag zone if it goes below 1.4000 the next support. At the moment the price pivots around 1.4050, if it does not hold on 1.40 is next. It should be noted, investors would stay more on the side now, before we get more clarification for the future BoE policy and after decision announcement we will get clear direction of the movement of the price. GBPUSD potential is not lost thou and it should be supported by new buyers appearing below 1.4000. Good luck :) . Risk warning! --------------------------------------------------- Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
by TheTrade_Academ
The Week aheadThe Major pair currencie GPBUSD is breaking their resistance price. It will expect that the next week with the positive figures in Retail Sales (MoM) in USA and the increasing in the Average Earning Index + Bonus in the UK, the $GBPUSD begins in the 1.43 path. Once the price has corrected, the CPI in UK 2.7% (Forecast) will push down the price until the second support price.(Yellow line (more or less 50% of Fibonacci retracement)) PD: THE XABCD PATTERN is beginning to create, be careful!
Short
by AndresPolo7
25/3/2018 9:43 EST SHORT AND LONG POSITIONEVERYBODY´S WAITING FOR THE FIRST SUPPORT PRICE ($1.41...) THEN THE PRICE WILL INCREASE UNTIL THE LAST RESISTANCE ($1.43 MORE OR LESS)... YOU SHOULD HAVE INTO ACCOOUNT THAT IN THIS WEEK THE UK AND USD GDP DATA WILL BE RELEASED, THE BoE will decide if change or not the interest rate , and THE BREXIT ISSUES ! TAKE CARE AND GOOD TRADE www.twitter.com There is more information about that... including a list where there is a lot information about the markets, traders among others.
Long
by AndresPolo7
GBP/USD Cable Short- Brexit Causes Sterling Tumble or does USD?GBP/USD has Fallen Nearly 300+ pips Since Rejecting 1.4000. THis Pair has now seen quite a divergence between the moving Averages as the new Fed Chair Powell Preaches hawkish overtones about Fed Hikes and Market Exhuberance. WIll The Cable Fall Again to Post Brexit Levels Yet Again? Looking at the chart techincally, we can see that the Weekly Ascneding Trendline is currently being tested as the pair consolidates around the weekly mid range level of 1.3750. A confirmed break below would indicate a potential short oppurtunity however lets not rule out any retracements as the pair has had a massive fall in the past few days! Related Tickers AMEX:FXB TVC:DXY FX_IDC:GBPUSD
Short
by ScholarGC
BoE Preview with fundamental backdrop and key levelsWhile the consensus is very much that the MPC will keep rates unchanged at Thursday's meeting, there is a risk that some of the more hawkish members will point to the rise in earning's growth, which although still in negative territory in real terms, is now moving in the right direction. If inflation starts to flatten out as the exchange rate effects pass through, then a continued rise in wages will allow the BoE to normalise rates at a gradual pace, with all member cogniscent of the tightening bias elsewhere, most notably in the US. That said, there a plenty of 'ifs', not least of all Brexit, and as the negotiations have yet produce any material progress, the uncertainty will be a secondary factor and this will start showing up in the data. There are already concerns over the performance of the high street and the consumer, but with the EU digging in its heals on single market access, UK services face an unsettled future. The BoE will have to assume that there is a bumpy ride ahead, so at this stage, any hawkish signals are unnecesssary. The meeting in May is earmarked as the earliest the BoE will look to move again, and at present, the markets are pricing in a 50/50 chance of another 25bp hike. We fail to see how the odds can move materially to the upside, but equally so on the downside, upward projections in growth would underpin this and keep GBP on an even keel for now.
by RajDhall
1
Top Events & Setups To Trade Today - EUR/USD & GBP/USD in Focus!Good Morning, traders. It's such a phenomenal beginning of the week. Our forex trading signals closed more than 100 pips. The long-term position in Gold is doing great, and the short-term position helped to pocket nearly 55 pips. Likewise, another signal shared in A Quick Trade Setup on EURJPY closed 60 pips. Now I'm serving up EUR/USD and GBP/USD to secure high probability trades. Read More for Trade Ideas: www.fxleaders.com
Long
by Arslan_AliButt
An U-turn in market sentiments Oil market The oil market continues to master successively new peaks, rising on Monday to the highest level since July 2015 . Oversupply is steadily declining while Saudi Arabia's readiness for changes looks even more reliable against the backdrop of anti-corruption detentions in the higher echelons of power in the kingdom. Prince Mohammed Bin Salman made a purge in the ranks of government arresting royal officials, ministers and investors. The enemies of the prince were even the billionaire Alwaleed bin Talal and the head of the National Guard Prince Miteb bin Abdullah. The struggle inside the board worsened after the announcement of the plans of the kingdom to hold the IPO of the largest oil company Saudi Aramco next year, just in the phase of growing oil market, which will offer investors the stake for higher price. Shale output in the US shows signs of further decline, as the report of Baker Hughes on Friday showed that the number of drilling rigs decreased by 8 to 729. This was the sharpest decline since May 2016. The fall in drilling activity occurs together with the action of the OPEC + oil pact, which convinces the mutual interest of shale companies and the cartel to restore the balance of supply and demand. The pact expires in March 2018, but the rhetoric of Saudi Arabia and Russian officials has been repeatedly favored to extend the agreement by the end of next year. US dollar The dollar exchange rate has slightly changed on Monday, as investors "squeezed" long positions last week against the backdrop of an unimpressive NFP report. The likelihood of a "soft" version of the tax reform is also growing, where the introduction of tax incentives will be carried out in stages, rather than at a time. The rise during the Asian session was replaced by relative indifference with the beginning of the London trading. The decline from the dollar is likely to limited because of uncertainty with the tax plan, but the bond market seems to be giving up. The yield on 10-year US bonds shows a negative trend on Monday, after a significant decline last week. The net short position on the dollar fell to a minimum of four months from $18 billion at the end of September to $3 billion in the last week. The dynamics of EM currencies, however, suggests strengthening of the dollar. The Russian ruble continued its decline on Monday amid the carry trade rout, a period of payment of debts denominated in US dollars and a growing demand for foreign currency on the part of nation. The pair USDRUB soared to the level of 59.00, for the first time since the end of August. The signal of weakening of currencies attractive for carry trade testifies about fears of shrinking differential of interest rates or strengthening of the dollar. British pound Investors are actively buying back the pound from the key support level at 1.30, to which it arrived on Thursday after the meeting of the Bank of England. The pound is projected to trade in red further, falling below 1.30 due to the instability of the Conservative Party and the uncertainty surrounding the Brexit negotiations. The expected increase in the rate by the Bank of England did nothing for the pound, as the head of the bank Mark Carney stressed that the main risk for economy remains the deal with European Union on maintaining access to the single trading market. If the country fails to reach an agreement, the pace of economy pickup may significantly slow down, as import duties can plunge a large number of enterprises into losses. The projected pace of rate normalization fell to two increases in the next three years, which caused a sharp change in expectations for the pound in the direction of the negative. Arthur Idiatulin
TVC:UKOILLong
by Tickmill