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704trader commented Jun 5, 2018UK service sector PMI shows that there is weak customer demand, disappointing inflow of new work or new orders , high cost due to the rising oil price and wages and uncertainty of Brexit all suggest slow down in the UK economy in the coming months ...
UK business activity growth reaches three-month high, but strong cost pressures persist in May
- 704trader commented May 25, 2018
I think that the market is just waiting to for confirmation from Governor Carney that the British economy is slowing down (dovish tone) then we can see a strong sell off of the GBP
Second estimate of UK GDP: January to March 2018
- 704trader commented May 24, 2018
Its not about the green number or the red number all data should be interpreted or get the context of those numbers
Retail sales, Great Britain: April 2018
- 704trader replied May 24, 2018
not impressed with the retail sale figure looking at the broader picture,still bearish on the GBPUSD and think that the pair will feather go down to about the 1.3298 area
Cable Update (GBPUSD)
- 704trader commented May 24, 2018
when looking at the broad picture i think that the retail figure is not good just a 0.1% change on the three on month on three movement
Retail sales, Great Britain: April 2018
- 704trader replied May 23, 2018
I am bullish on the USDCAD what i am concerned about is the selling pressure at 1.2900 area
USD/CAD