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hello everyone ,,,
how are you doing now
S1 : 1.2634
S2 : 1.2500
S3 : 1.2387
Sterling sees largest drop in 2017 on surprise hung parliament outcome, LT doubts remain Is there value to be found at the current price of Sterling after the UK election stripped UK PM Theresa May from a strong negotiating base going into Brexit talks with EU? That question is yet to be answered, but looking at retail sentiment and fundamental views you would come up with two different views. As you’ll see below in greater detail, retail traders have been aggressively buyingGBP after the largest sell-off since Brexit and of 2017. However, the uncertainty that will now cloud the Brexit negotiations could set up a longer-term slide like we saw in H2 2016 in Sterling.
When looking at the charts, cable (along with other markets like the Nasdaq ) are working on a bearish outside week where the intra-week high was above last week’s high, but the close of the current week is below last week’s low. In other words, an aggressive bearish shift of sentiment has taken place. Next week, the focus will be on swings in the politics and whether the BoE policy meeting on Thursday mentions increased uncertainty though we can be assured they're thinking it if nothing else.
how are you doing now
S1 : 1.2634
S2 : 1.2500
S3 : 1.2387
When looking at the charts, cable (along with other markets like the Nasdaq ) are working on a bearish outside week where the intra-week high was above last week’s high, but the close of the current week is below last week’s low. In other words, an aggressive bearish shift of sentiment has taken place. Next week, the focus will be on swings in the politics and whether the BoE policy meeting on Thursday mentions increased uncertainty though we can be assured they're thinking it if nothing else.
