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GBPEUR: I’ve mentioned many times the possibility of a long term target at 1:1 parity and I’ve assumed that target might take a year or two to develop, certainly the rest of this year leading towards the end of transition and difficult trade talks etc.
I haven’t seen much news recently that might affect the Pound, so it’s rather a surprise to see how it’s crumbled against the Euro. Nearly 1.21 recently, now nearly 1.14, a drop of 5.7% for reasons I cannot explain.
Dow futures have touched 26830 … ever nearer to the
bottom end of hatman’s potential ‘h’ for this wave.Lucky for me they were sub 26400 early doors and I was
able to make some timely adjustments.Thanks hatman for the warning.
Never give up, never surrender.
I think we’re going to see the next rip higher before the open to meet his target..3125ish is around the 50% from memory..upper zone around 3180.
“G7 to take all possible steps to safeguard global economy”
Most likely the Waltz and the Tango
Never give up, never surrender.
Dow flirts with 26600 and in cash we could
see 26400 – 26800 or even 26300 – 26900Never give up, never surrender.
Rate cut triggers the rip..lets see what steam in can gather
Yes … 700pts Dow rip got me out of a hole … more luck than timing.
Never give up, never surrender.
EUR and GBP make ground vs USD but that may change
if the EcB and BoE feel they have to contribute.Never give up, never surrender.
Fed panic …
Fed were very active in the repo market.
Now with the virus even more reasons why
banks don’t want to lend overnight.Never give up, never surrender.
Do we get a 3 way whip saw a la FMOC
Atm we have had greed then fear …
Never give up, never surrender.
The last Fed emergency interest rate cut
was in 2008 …. Credit Crunch INever give up, never surrender.
Dow did enter hatman’s target box so this could
be the next down leg.I would like to see it really crank down hard
to confirm we are on our way.Never give up, never surrender.
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