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Dr.Zain replied Jul 4, 2017The pair is under pressure, 2945 is acting as a resistance & the pair is trading below a descending 50-period moving average, which plays a resistance role. If 2960 holds, expect a drop to 2910 and even 2860.
Cable Update (GBPUSD)
- Dr.Zain replied Jul 3, 2017
Market Talk:--- Bank of England interest rate rise would be a policy error and eventually cause sterling to fall, not rise. Although the pound may initially spike higher, the market "should quickly realise the negative consequences" of the decision, ...
Cable Update (GBPUSD)
- Dr.Zain replied Jul 3, 2017
Looks tp is going to hit, when? now or in US session...GL
Cable Update (GBPUSD)
- Dr.Zain commented Jul 3, 2017
The pair might slip to 2950!!! GBB is in a rally mood, could rally 3065 but we have to see if it retraces before any rally!!! its abive 20....50 mvs.
UK manufacturing growth slows at end of second quarter
- Dr.Zain replied Jul 3, 2017
Seems the pair is consolitating above 2985,if breaks this figuer can go to 2950, alternatively towards 3065!!!!!
Cable Update (GBPUSD)
- Dr.Zain commented Jun 28, 2017
More important than DATA and Technical levels!!!
BOE'S Carney: Some Removal Of Stimulus May Become Necessary If Economy Improves
- Dr.Zain commented Jun 27, 2017
NO Trading on NEWS Bro
Draghi: Considerable Degree of Stimulus Still Needed
- Dr.Zain commented Jun 21, 2017
The Pair Rallied back South to 2650 from where it Rockects at the start of speach of MPC member!!!!!
Haldane: Work, Wages and Monetary Policy
- Dr.Zain commented Jun 21, 2017
What are these F*****Policy makers are talking!!! Very near Past( yesterday)BOE Governor Mark Carney's emphasis on weak wage growth in the U.K. that meant it was likely too early to raise interest rates impacts markets after last week's BOE minutes ...
Haldane: Work, Wages and Monetary Policy
- Dr.Zain replied Jun 19, 2017
It is the start of Brexit negotiations this week. Expect nothing because the UK position is as clear as mud beyond growing signs that the UK wants free trade without being part of the customs union!!!
Cable Update (GBPUSD)
- Dr.Zain replied Jun 19, 2017
GBP/USD has taken a knock with the appointment of the LSE Professor Silvana Tenreyro to the MPC who is seen as a dove. Cable dropped a quick 60 pips.
Cable Update (GBPUSD)
- Dr.Zain replied Jun 16, 2017
GBP/USD continues to struggle at its 55 day ma at 1.2800 and while capped by its 20 day ma at 1.2860 will maintain a bearish bias. Nearby support remains 1.2642/36, one remain unable to rule out a brief extended rally towards 1.2800/40 ish. Provided ...
Cable Update (GBPUSD)
- Dr.Zain commented Jun 14, 2017
Yellen's statements that the economy appears to have rebounded and the Fed's economic projections released earlier show that officials believe recent weakness in inflation and other data is transitory,
FOMC Press Conference, June 14, 2017
- Dr.Zain commented Jun 14, 2017
The rate hike was as expected, with policy makers voting to raise interest rates to a range of 1% to 1.25%, despite weaker inflation and some signs of economic softening. The central bank still sees the economy reaching its 2% inflation goal.
FOMC Statement
- Dr.Zain replied Jun 13, 2017
Rally to the upside (short term) might be due to the better than expected UK Fundies & Coalation talks going well!!!!
Cable Update (GBPUSD)