Posts by "speculator"

stubbs what technical analysis are you using for this evidence?

hsbc bank will be increasing its 2,3 and 5 year fixed mortgage rates in the UK in july after its competitors had already started hiking. medium term rates going up will put pressure on house price in the uk for the next few quarters. it is no suprise demand went up recently as fixed rates reached historic lows here. i expect uk housing to drop down gradually after the summer period - another bearish factor for the pound in the coming quarters.

14 raj did u check out UK GDP figures released morning.

may i add, we are being mentally brainwashed that a recovery is near and things will start to improve. yes..well GDP may start to not contract but that means nothing.

whilst we have an increase in money supply and more measures for protection, we may not enter a depression but a very long recession where employment and consumption will remain very weak for a long period to come. mainly because the us will have to change its way and therefore global demand will remain weak. something unusual will need to happen eg war (hopefully not) or an invention to increase demand.

we are currently at an uncertain and manipulated times where corruption is still very much in force some way or another.

support not resistance