Posts by "cloudstr1f3r"

That's a very futile analysis.

China had warships aimed at Japan already, you tell me how is that not a sign of this thing escalating

Let's forget about chart patterns for a minute. All might sight the UK to have a triple dip recession, however, if you refer to recent the services PMI index, it is surely evident that the necessary and self sufficient sectors of the UK economy are still expanding. Another important thing is that Netherlands is now being reviewed of its AAA rating, but nothing has been mentioned about the UK just yet, rating agencies are still waiting to see if they would get worse.

If you observe also the recent bearish movements in the GBP, during Asian sessions and European sessions (When the Americans are not in the market yet), the pound had been pushed high to points around 1.5800 yesterday, 1.5875 last Friday. We can see that the forces behind the bearish forces are drive by large funds, evident from the 1.5700 drop to 1.56750.

I really sight a GBP rally, this currency is too low for its status. As uncertainty intensifies in Europe, the pounds would regain its demand very soon and there is no doubt that the BoE is going to keep their interest rate and QE facility program. GBP would rally, because US is not better off, GDP contraction, lower PMI and also higher unemployment.

Bulls to come.

Ashraf what do you think?