Eurusd/gbpusd - page 1512

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Bullish trend is back. Cutting rates into negative zone is now considered a positive thing for the currency. That is the first time in history that the "market" is doing that. In this market seems to be a serious lack of traders - all algo trading that does not care about the fundamentals at all. Pity. Trading used to be fun in older days. Now it is all about stronger computer and faster access to data - nothing else

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gbpusd

The British pound continues growing versus the dollar. Lack of negative economic data and any expectations about the BoE politics in the U.K., supported the “cable”. The pair got an impulse to buying from the Fed representative D. Yellen who stated with some pessimism about uncertainty of the U.S. labor market recovery.

After the level 1.6600 break up, new buying targets will be opened. But before this the British pound will continue to grow up, it is necessary to observe the maximum yesterday update 1.6683. The yesterday's trading session high level update will lead to the upward trend continuation.

The main goal of the growth should become the resistance level 1.6730.

 
nbtrading:
Draghi is ordered to lose : he is Goldman Sachs man, remember?

He already told that low inflation "is a long term phenomenon" so he could not care less about it. They are not going to change anything (again)

 

Ya all know what this correction on H4 means?

The bulls are back

 
Price Action Trading:
Ya all know what this correction on H4 means? The bulls are back

All is prepared for another dip buying Tomorrow Draghi will again tell that they are prepared to act (what he tells for the last year, and they never act) and then it will go up again

 
eurofreek:
All is prepared for another dip buying Tomorrow Draghi will again tell that they are prepared to act (what he tells for the last year, and they never act) and then it will go up again

HFT algo trading + Draghi + Yellen = get ready to get skinned

Without being able to rely to fundamentals, nothing is sure. You are prevented to scalp (by brokers) and you are going to be used for liquidity by algo trading if you try some long term trading. All that in a market "that regulates itself"

 

We are going to see a nice big whipsaw tomorrow when Draghi starts his usual blah-blah

No trading day tomorrow

 
eurofreek:
We are going to see a nice big whipsaw tomorrow when Draghi starts his usual blah-blah No trading day tomorrow

He will say the usual and that might be a signal for bullish continuation

If they do not cut rates or they do not do anything at all, this time they just might be punished. Draghi can not continue to "talk down" Euro indefinitely - it is not working any more and if he does not see that, he has a serious problem

 

Don't care much about draghi's BS. The power button on my computer works. Switch off the computer station and go for a walk till he shuts up.

 

17 pips range in the last 17 hours

Who wants to bet that there will be a major whipsaw?

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