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Posts by "speculator"
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Posts by Anonymous "speculator":
telephones on the street got replaced and so will petrol cars.
this will give a lifeline for Uk property market of course. HSBC is to launch new lower fixed rates from september which will continue to prop up house prices thank to mr king.
if you have a look at your record you were wrong last year and right this year so you are hardly someone to listen to. currency forecasting is a 50% chance anyway.
watch the dollar rally hard when fed ends QE and that point stocks will plummet!
GBPUSD go short 1.6260 1.62
anyway, this stock market correction will NOT come this september but will come later.
We are due for a currency crisis again and it could be sterling certainly not dollar.
However, for stocks i doubt we will get a correction in september as most people are expecting it. In an efficient market this has probably already been priced in. Friday saw some profit taking thats all.
So i think september could be range bound with no sharp corrections. But the dollar index is highly possible to edge up and oil to fall
now, change of subject but i think one area to jump in to for investment is Property Funds UK . Better still to buy one offshore denominated in USD. Because i think the dollar will rise against sterling over the next 6 months minimum and property will rise in the funds based on speculation. So a perfect hedge even if dollar does go down, property is going up.
so my best best is follow bank equity index forecasts but with fx it is pot luck. i do believe that there is some kind of manipulation in the us stock market by the banks anyway as the number of sessions stocks indices turned + from - within a matter of moments from close in unbelievable