The reaction of GBPUSD to the Bank of England's interest rate decision has been fairly muted. In the short term, we're looking for selling opportunities, aiming for a deeper reversal towards the 1.3146 level.
Key levels to watch:
Target 1: 1.3146
If price breaks below 1.3146, the next target is 1.3000.
Stop-loss recommendations:
Technical Stop:...
One of the ways to determine U.S. stocks and indices’ direction in the long-term is to also know where the U.S. bonds markets are heading. Why?
This is because the US bonds, its market capitalization can be as large as all the U.S. stocks market combined; therefore, it is also as important to also track its direction.
In the macro trend over generations, the...