Hi guys,
Ivan, here in the UK, it was highly speculated that a rate cut was in order, either this time gone by, or next time, but certainly sometime this year.
I haven't been checking out the forums recently due to personal things going on (grandma passed away), but here on the ground in the UK, its quite a strong sentiment that interest rates being lowered a little *may* help the economy, specifically the housing market has slowed right down, aswell as the retail sector. Being a retailer myself, the difference is quite marked between now and for example a few months before the election.
I shorted GBPUSD, and made about 40 pips before I lost my nerve to watch the chart move closer and closer to my TP line on Oanda and then move away, it felt like it was teasing me before it would hike back up lol. So I closed it manually!
Overall made back some losses this week, but it was a weird one, on EURUSD specifically.
Fantastic pics Ivan, thanks for sharing.
Currently I'm short on EURUSD from 1.2099.
Interesting re Thompson, I've been looking for a good news source, have loads from Saxo and CMC (free) etc, but wanted something a bit quicker, if it exists. Would appreciate your feedback and any links on Thompson.
Thanks and have a great weekend all.
Regards