Jezz, it looks good for the channel, Spain cannot ‘veto’ the agreement but the 27 want everyone on board, so some chin wagging tomorrow.
The market will be happy for the short term if there is unanimity.
Jezz, it looks good for the channel, Spain cannot ‘veto’ the agreement but the 27 want everyone on board, so some chin wagging tomorrow.
The market will be happy for the short term if there is unanimity.
Hello,
Brexit will be on 25NOV, will you open your positions now? or wait until the market opens, next week.
On Kash’s post re Pres Trump - as we know the President is a businessman, he reacts instinctively as such, but as President his words carry much weight in the market (as witnessed re Davos and USDX above).
That was almost a year ago, more recently he used his strength as businessman and politician to influence the market.
On Veteran’s Day the Saudis sought to push oil price up by making an announcement via Reuters on production restriction.
The President had flown to Europe and after a long schedule was on the way home - likely tired and jet lagged when the Saudis made their move.
When his staff informed him Monday likely his first thought was how did oil price react - he would have seen a gap up.
I cautioned on buying for 3 reasons, first was the President. I was mindful of what has happened in Turkey and how the President was restrained, here was an opportunity to exert influence where it hurts most - in the pocket/wallet.
Pres Trump has since thanked the Saudis for holding oil price down - that’s his way of saying ‘don’t mess with the US’.
WTI since the Saudi intervention:
Oh no it won’t !
“Chamberlain in drag” is almost certain to be unable to get her silliness through the uk Parliament in 3 weeks time - IMO IF Spain is told not to step out of line market may drift up a little - but the big move will happen at “UK Parliament Vote” or just before - beware of trading THAT “News”
It’s confirmed that Mr Sanchez will attend tomorrow - all 27 are on board - a remarkable show of unity with such divergent interests.
Likely quiet on GBP buys/sells, back to TA for now.
Learn to avoid certain trading conditions and tempting trades if you don’t know what your doing
don’t reinforce bad habits chasing dramatic swings
create and respect a rule set
get your head screwed on proper when your still learning
Early yet but GBP quiet on all fronts , no gaps worth noting, some buying.
All eyes now fixed on UK parliament, think I’ll take a little break, perhaps the calm before the storm.
Off to expensive Dublin to spend some Gbp’s in Euroland while the going is good
Looking for a short at 1.2887 in GBP.USD - SL at 1.2970 (80pip SL). TP at 1.2725. Lets see how this plays out over the next day or two should it get triggered.
Regardless of the fundamentals this is a pure systematic set-up
Looking for a short myself looking to see if it’ll break the 1.28 & go lower. Not looking to be greedy want a quick in & out trade. SHORT @ 1.27990 - TP 1.27890-50 - SL 1.28200.
EMA/MA potential crossover for SELL confirmation as well.
Obviously a real volatile time period. Let’s see what happens…
I’m putting all of my money on this - it’s a done deal, we’re going to back out
could you imagine the chaos and the implications - no doubt we would be told to adopt the euro as a punishment. That’s for sure never going to happen.
Can’t wait for Pandora’s Box to be opened…and so the story continues…