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PipMaxzz replied Aug 31, 2016UK PM May reportedly said no need to seek parliamentary vote on Brexit, but GBP is still going strong! It shows the Brexit fear has subsided and the currency will be in a range bound for sometime. Not sure if I would want to short it till NFP!
Cable Update (GBPUSD)
- PipMaxzz commented Aug 31, 2016
UK PM May says no need to seek parliamentary vote on Brexit, but GBP is still going strong! It shows the Brexit fear has subsided and the currency will be in a range bound for sometime.
Pound takes full advantage of euro and US dollar selling
- PipMaxzz commented Aug 31, 2016
2 consecutive huge oil inventory buildup, points to shortage next week. Coupled with Iran's support to OPEC will see oil bounce from here!
US EIA weekly oil inventories +2276K vs +1300K expected
- PipMaxzz commented Aug 31, 2016
NFP looks to be a super high value based on ADP numbers and trend
ADP: Private Sector Employment Increased by 177,000 Jobs in August
- PipMaxzz commented Aug 31, 2016
This can be better explained by fundamental analysis, not technical. Even after the Brexit consumer confidence is holding up high as per today's data. So the huge drop due to Brexit may not be completely justified.
Pound takes full advantage of euro and US dollar selling
- PipMaxzz commented Aug 31, 2016
BOJ is smoking again! They may have missed the opportunity to push Yen further down and create the trend before the NFP so it continues after Friday. Now USD will decide the fate of Yen!
BOJ Funo: Japan's economy continues to recover moderately as a trend (drink)
- PipMaxzz commented Aug 30, 2016
Rumors and again rumors....oil falls and then rises, now down again!
Iraq to support oil output freeze at OPEC meeting according to PM Abadi - Rtrs
- PipMaxzz commented Aug 30, 2016
Any pullback is opportunity to buy oil. Big days ahead, including the next oil inventory data, OPEC meeting, BOJ printing!
Oil falls into negative territory as dollar strengthens, Iran talks production
- PipMaxzz replied Aug 30, 2016
Yeap...now it' the USD that's driving gold mad :-) I think it will continue till the USD stabilizes. But look for candles for the light :-)
Dragon Riders GBP/JPY
- PipMaxzz replied Aug 30, 2016
102.835 is a medium strong resistance for USD JPY. If that breaks through easily, then JPY pairs will go further up.
Dragon Riders GBP/JPY
- PipMaxzz replied Aug 30, 2016
Not sure if this input helps....It's festive season in India and traditionally there is 'gold rush' during this time....India is the biggest consumer market for gold.
Dragon Riders GBP/JPY
- PipMaxzz commented Aug 30, 2016
Bring it on and we will be ready
Japan's Suga says government watching markets closely and ready to respond appropriately
- PipMaxzz commented Aug 30, 2016
Does it mean there will be more rate hikes this year?
US Fed's Fischer says central banks can't say "one and done" on rate hikes
- PipMaxzz replied Aug 30, 2016
My 2 cents on BOJ: If you look at the history, most interventions by BOJ are done on Wednesdays at around 11-12AM JP time, after warming up for 2 days in the beginning of the week. Will be online to catch any actions tomorrow :-) Moreover there ...
USD/JPY Discussion
- PipMaxzz commented Aug 30, 2016
But if you look at the history, most interventions by BOJ are done on Wednesdays at around 11-12AM JP time, after warming up for 2 days in the beginning of the week. Will be online to catch any actions tomorrow :-) Moreover there seems to have some ...
Japan's Suga says government watching markets closely and ready to respond appropriately
- PipMaxzz replied Aug 28, 2016
My thoughts: With the GBP bank holiday, Yen weakness will continue till US session and then USD will decide the fate of Yen for today
Dragon Riders GBP/JPY
- PipMaxzz commented Aug 28, 2016
My thought: With the GBP bank holiday, Yen weakness will continue till US session and then USD will decide the fate of Yen for today!
BOJ’s Kuroda Says Ready to Ease as Jackson Hole Debates Options