EURGBP: The GBP Catalyst -One More High of Fundamental Thoughts

FX:EURGBP   欧元/英镑
49 0
EURGBP reached my trade target, but I believe that this is a good opportunity for one more push up in this uptrend.
I believe it can go to 0.88 or 0.92 before any significant resistance ensues. This pair is waiting for the upcoming HARD data on the UK economy coming up in a few hours!

Is all of that priced it? Think about this: Was the Brexit Vote already built into the price? Nonsense right? Of course everything is not already in it; so, price cannot be the end all and be all of intelligent swing trading; unless patterns are crystal balls. It would be, indeed, chart voodoo.

Besides, given the bearish news coming out on the 16th at 3:30am, the UK's CPI and PPI, I believe it will support my thesis to stay SHORT the pound (GBP currency pair).

Now, after UK's news comes out at 3:30am, at 4am, I do not know what to expect for the high impact data for the EURO , and don't want to do my usual prediction for this ZEW Sentiment data coming out for the EURO , like I normally do; however, others are expecting it to be positive. Going forward beyond that, I am bearish , long-term, the EURO , but just not right now; hence, I am reluctant to be a strong buyer of the EURO ; just small trades and small losses are fine though.

My economic predictions in the UK have been skewed because of the Brexit, and it took a little bit of thinking outside the box to make reasonable trade, and in the past few weeks, things have gotten right back on track. The data coming still needs some experience to handle it but manageable for me.

Fundamental Predictions and Catalysts
Here are my fundamental views for Tuesday and Wednesday only:

I actually have an army of info I am trying to condense for this journal.

I am mixed with the dollar, as their data switches from bullish to bearish and surprises us with no consistency. I hop, going forward that we do get nice data from the US to support the case for the fed to raise rates this year.


(1) UK data comes out extraordinarily good for inflation (I mean...amazingly good, not just positive); and EURO data comes out terribly bad. That would eliminate my thesis of staying SHORT the pound. Then, I will be completely wrong. Then, BREXIT doesn't matter and the UK is all peachy and rosy.

..................Then, let's just pretend that BREXIT never occurred.

(2) EURO currency falls faster than the GBP currency. Of course, this is more favorable of these two scenarios for me. I don't care if both currencies are negative. Let's say BREXIT has taken a hold of both of these economies: Which one is falling faster? Which one is Sonic the Hedgehog and which one is Tails? GBP has been falling faster than the EURO , but we have to watch to see if and when the EURO falls, it will be the leader and mother of all falls.

I will watch for EURUSD shorts at a higher price. The dollar could still have some smoke cooking by the end of this week,, just like last week's flipflop of data.
评论: An unedited video for August 15, 2016:
交易结束:到达目标: took profit at the doji...

评论: uptrend remains in tact:
评论: HOPPED BACK in with a 19 to 20 pip stop...not going to update this one.. focusing on GBPUSD..
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出