EUR GBP YEN GOLD DXY
Coming across an excellent information from the Financial Times have proven to be quite enlightening as far as the important events describing the USD performance. The recent NFP report were not as supportive as everyone has expected, as the USDX have again traded near its low and currently @80.44 basis point.
Yet the USD decline had most traders really surpised with the figure. Meanwhile, Cable's similar decline was expected based from our last market insight dated the 7th of January; that the signal for the GBPUSD to decline would simply present itself withn the 2 weeks period we specified from said date. Its only been a week and Cable has attempted to move below the 1.6350 support - which it did with a 1.6345 low (big deal!). And currently recovering from the sudden price swing from yesterdays move.
Review & Outlook
Investment: USD Disruption
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
No comments:
Post a Comment