Dear Community,
Based on major topics that we all will face this new month and settled yesterday, here is my opinion:
a) US Presidential election: if you believe that Trump will win then USD currencie in particular will go further down below the deep support line around 96.500. By the other hand Gold asset will go higher as safe heaven asset. In this right moment it is impossible to predict and we have to remember what happend with Brexit vote, no matter what projections saying;
b) GBP: is the Brexit impact fully absorbed by GBP currencie? In my opinion yes. It will be difficult imagine GBP weak for historic reasons. Besides, BoE Governor Carney repeatedly said that BoE will take any measures needed to hold GBP exchange rate.
c) And finally what about next Central Banks decisions. Here is the upcoming calendar for the majors:
RBA meeting: 04 October
BOE meeting: 13 October
BOC meeting: 19 October
ECB meeting: 20 October
It is necessary to be allert as this dates come closer.
Good luck to everyone.
Based on major topics that we all will face this new month and settled yesterday, here is my opinion:
a) US Presidential election: if you believe that Trump will win then USD currencie in particular will go further down below the deep support line around 96.500. By the other hand Gold asset will go higher as safe heaven asset. In this right moment it is impossible to predict and we have to remember what happend with Brexit vote, no matter what projections saying;
b) GBP: is the Brexit impact fully absorbed by GBP currencie? In my opinion yes. It will be difficult imagine GBP weak for historic reasons. Besides, BoE Governor Carney repeatedly said that BoE will take any measures needed to hold GBP exchange rate.
c) And finally what about next Central Banks decisions. Here is the upcoming calendar for the majors:
RBA meeting: 04 October
BOE meeting: 13 October
BOC meeting: 19 October
ECB meeting: 20 October
It is necessary to be allert as this dates come closer.
Good luck to everyone.