FXB downside after U.K. inflationAs a young trader (21 years old), I see my trading style as more of an art than a science. I don't understand patterns, and I don't use technical analysis. I am a macro trader. I take information from various sources (WSJ, Twitter, Investing.com, Trading Economics, ect.), and my instincts kick in. I
Key stats
About Invesco CurrencyShares British Pound Sterling Trust
Home page
Inception date
Jun 21, 2006
Structure
Grantor Trust
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Ordinary Income
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Distributor
Invesco Distributors, Inc.
FXB provides access to British pound by holding GBP through a deposit account a simple, direct strategy. However, FXB's deposits are uninsured, leaving investors exposed to the default risk of JPMorgan, the fund's depository bank. Tax efficiency is another concern, any distributions or capital gains are taxed at ordinary income rates (regardless of holding period). FXB is rebalanced quarterly.
Classification
Symbol
Geography
U.K.
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Reaffirming the FXB Currency Trade!Hey Friends!
I continue to recommend the FXB ETF as a swing trade. I agree more with the bears on the British Pound than the bulls. But I think in the short to medium term it is the US dollar’s turn to suffer pain, and I think the fears in the Pound and Euro are overdone.
The fear on the Pound is
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – November, outside month up, bullish month.
2 inside bullish months within September. There is no
argument that this currency is going up. Railroad tracking
the 20 & 40 up since June 2016. Timeframe continuity.
There is no actionable signal to believe the price is headed
down. With a cont
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.