Earlier today the pound crosses took off
The reason was 2 fold
1. BoE send out a letter to down play thier CPI report
2. A big Fund put in a wronge order.
But we have the USD CPI coming out & I believe this is the real reason
it looks like it is going to push the USd into a rate interst cut!! so the USd has gone from likely a rate increase to a rate cute in a month
this gets the big boys going as they trade days & weeks -in millions & billions of dallors & takes them awail to change acounts.
I think the fund mistake that came out was a time mistake not a pip mistake & I think we will have big vol at 8:30 & 9:15 reports .. so becareful I think we may have a big move away from the dollar- if the big boys can!! if the reprts lets them - ie CPI comes out as everyone thinks it will.
The reason was 2 fold
1. BoE send out a letter to down play thier CPI report
2. A big Fund put in a wronge order.
But we have the USD CPI coming out & I believe this is the real reason
it looks like it is going to push the USd into a rate interst cut!! so the USd has gone from likely a rate increase to a rate cute in a month
this gets the big boys going as they trade days & weeks -in millions & billions of dallors & takes them awail to change acounts.
I think the fund mistake that came out was a time mistake not a pip mistake & I think we will have big vol at 8:30 & 9:15 reports .. so becareful I think we may have a big move away from the dollar- if the big boys can!! if the reprts lets them - ie CPI comes out as everyone thinks it will.