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Chancy replied Sep 23, 2022Could be a short covering rally on Wall Street this afternoon, London time. Based on monthly supports hovering around S2. Have a good weekend.
Cable Update (GBPUSD)
- Chancy replied Aug 7, 2022
Assuming you are trading £/$ IG do a Weekend GBP/USD . Though as to be generally accepted , typically it doesn't move much . Also if you are not aware of the fact that spreads go out of whack at close and open .Give it awhile after open ,maybe 30 ...
Cable Update (GBPUSD)
- Chancy commented Aug 5, 2022
Bingo . Here in the UK the river Thames has dried up at source for the first time ever . A definite pattern has emerged .
German Power Climbs to Record as Plants Start to Buckle in Heat
- Chancy commented Jul 19, 2022
The less gas used the better the carbon global footprint . Catch 22 situation comes to mind .
Nord Stream 1 seen restarting gas flows after annual maintenance on time, on Thursday, but at...
- Chancy replied Jul 16, 2022
Bullish due to risk on bias . Traditionally Fridays can produce optimism . Expect the unexpected .
Cable Update (GBPUSD)
- Chancy replied Jul 15, 2022
My take on today . Keep an eye on the Preliminary University of Michigan Consumer Sentiment 3.00 pm London time .
Cable Update (GBPUSD)
- Chancy replied Jul 12, 2022
Wave your charts are excellent . Certain subtlety . They helped me thank you for posting them .
Cable Update (GBPUSD)
- Chancy commented Jul 6, 2022
Not necessarily . It'll go up when its ready . Maybe touch 1668 before a bounce . Dollar is strong , so weaker currencies holding gold profit , if gold price is high . Take care and keep your powder dry .
IMF Chief Says 'Cannot Rule Out' Possible Global Recession: Reuters
- Chancy replied Jul 6, 2022
Well as just an opinion . It probably won't occur . Reason being the Fed won't want the dollar to get too strong . The downside for dollar strength is U.S. exports become more expensive . There comes a point at which if things become too costly ...
Cable Update (GBPUSD)
- Chancy replied Jul 6, 2022
Exactly Pat . It went to 163 in 1985 . The trend is your friend until it turns and goes round the bend . U.S. Dollar Index - Wikipedia
Cable Update (GBPUSD)
- Chancy commented Jun 24, 2022
Though not a red ticket news item the University of Michigan's Consumer Sentiment Index is still significant . Were one to make some presumptions it is worth noting the June 2008 low of this Index preceded the 2008 crash by 3 months or thereabouts . ...
US: UOM Consumer Sentiment plunges to record low of 50 (final) in June
- Chancy commented Jun 18, 2022
A European supply shock has occurred due to the Russian invasion of Ukraine . Despite the clamour of many governments to curtail economic links with Russia it is quite apparent that this has been in the main hot air . This has been exposed by gas ...
US: Inflation & Recession Risks
- Chancy commented Jun 16, 2022
Bitcoin miners have a profit problem due to electricity prices surging .
SNB tightens monetary policy and raises policy rate to −0.25%
- Chancy commented Jun 14, 2022
People locked in an 18th century mindset is obviously not the way forward . Or 19th century come to think about it .
Barclays Says Climate Disaster Will Collapse Major Currencies
- Chancy commented Jun 10, 2022
Thank you for pointing that out Lamp . After a little research , url there are in fact 18 countries with higher petrol prices than UK .
Bank of England/Ipsos Inflation Attitudes Survey - May 2022