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Invesco CurrencyShares British Pound Sterling TrustInvesco CurrencyShares British Pound Sterling TrustInvesco CurrencyShares British Pound Sterling Trust

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FXB trade ideas

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 understand where assets should be moving on data releases. The U.K. pound has been on a monster rally in the past month and change. Expectations for the U.S. Federal Reserve to pause rates, with some saying cuts later into the year, has simmered the red hot U.S. dollar. The Bank of England on the other hand, is expected to continue hiking rates in the midst of the highest inflation in recent memory. When yields rise on the U.K. Gilt, that makes their debt more attractive to foreign investors, making their currency appreciate against the greenback. This past Wednesday morning, at 1:00AM (CST), U.K. inflation came in hotter than consensus estimates (8.7% actual versus 8.2% consensus), as did core inflation (6.8% actual versus 6.2% consensus). I would have expected the pound to appreciate against other currencies as their currency becomes more valuable as Gilt yields rise. The opposite happened, FXB has now fallen two consecutive days. I was building up my short position against the pound, but we must remember U.S. data sets can affect currencies across the globe. I exited my FXB position before the open today with the intention of hopping back in after said release. Tomorrow (5/26), before the bell, we have U.K. retail sales MoM, U.S. durable goods orders MoM, core PCE prices MoM, personal spending MoM, and personal income MoM. There's no telling where any of this data will land us, especially the U.S. data, and that is why I closed out of my position today. As far as I can see, we have no upcoming U.K data that would affect the pound. That is why I'm confident in this trade. The market will have time to digest what has transpired, and my hope is that it will come to the same conclusion that I have. I have full intentions of getting back into my trade after this data is priced back into the stock. The most important lesson I've learned in my very young trading career is protecting your capital and letting the trades come to you, don't look for them, they will find you ;) fyi - this is my first writing and any feedback is appreciated! Thanks
AMEX:FXBShort
by UnknownUnicorn22408063
1
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 that the BOE is going to react to the Brexit by inflating madly and on the Euro that the potential demise of the EU will spill over into the Euro’s failure. This is not about which currency or central bank is soundest, it is about which currency has the most to lose from the global downturn and which currency has something to lose in its role as an international reserve. It is about timing, and the time has come for a dollar crisis. Stay ahead of the masses, Seth Maniscalco Owner, Modern Wealth Management LP Owner, Modern Wealth Management LLC
AMEX:FXBLong
by smaniscalco
Mop up on FXB Straddle LevelsWe re expecting a 900 pip move on tthe pound dollar by July 15 Expected move on pound nzd is 1877 pips, pound yen 1145 pips, pound swiss 600 etc... Brexit will cause over 8,000 pips of movement in the pound pairs over the next three weeks. We have expectations of a high level and extremely safe trade on the FXB. I have no interest in trading the earthquake and you should not trade it either.. Ok, well, that isn't for me to say. Some of you will, and good luck to you.. My guess is that this move will happen in a similar or more dramatic fashion to the CHF moves. I expect a 90% retracement and then I will part of the clean up crew through July 15. I am taking options on FXB for the initial part of the move and then I will post later in the week. THANKS!!!!
AMEX:FXB
by hope.bleecker
Pound/Gold: Up we goI really like how washed out this pair is. Sentiment was absolutely extreme for both instruments, giving way to a gigantic reaction after hitting rock bottom here. I reccomend being long the Pound, and short Gold overall, one way of doing it is perhaps selling FXB puts at the money, on top of any FX trade that you might want to take. Perhaps you can opt for a pair trade, and adjust size based on volatility, unless your trading platform has a gold/pound pair you can directly trade, in which case, go long with a stop under the low, plain and simple. If you have questions on how to trade it pm me. Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
AMEX:FXBLong
by IvanLabrie
The Bear Market In The British Pound Is Coming To An EndThe FXB (British Pound ETF) is on pace to snap a 7-month correction, following a test of long-term support at the 147.50 level. If this rally lasts through the end of the month consider buying the ETF with an initial stop loss at 146.95 (just below the January low). Major resistance remains in the 165-170 level, but there is likely to be selling pressure in the 160-162.50 area, if it gets there. Keep in mind that this is a monthly chart, so this trade could last into the back half of 2015 and possibly into 2016. For those familiar with options you can also look at buying a Sep 2015 or Jan 2016 $151/$162 bull call spread for a high reward/risk ratio setup.
BATS:FXBLong
by MitchellKWarren