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Green Shoots Fatigue & Intermarket Setup
The much-anticipated dollar rebound will rather emerge on "Green Shoots" fatigue rathern misplaced views of a US economic recovery preceding the rest of the world.
perhaps other factors are playing up for the gbp today?
Hoping you can offer some thoughts - I shorted GBP/USD at 1.6380 and it seems rather bullish and not willing to go under 1.6400. I'm hoping Asian markets sell it, but the GBP seems the strongest today. It looks hopeful that a triple top is forming at 1.6425 but still quite bullish. BOE interest rate decision is next week, but quite far off. Also, there is a bullish weekly channel that I just noticed. Hmmm... Thanks
there was a guy this week that lost 10m in oil trading for his company using unauthorised company cash! funny thing is that the company doesnt even take position on behalf of the company.
http://www.ft.com/cms/s/e0ae2b2a-66f7-11de-925f-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fe0ae2b2a-66f7-11de-925f-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Fuk
Rajib.
I have great respect for you and all of the members...you guys are really greatttttttttttt
Regards,
Rajib.
Ashraf