DislikedThe strong correlation is with GBPJPY, but when Dow Jones is going up strong, GU usually follows suit (via GU and UJ longs simultaneously).
This hasnt happened today, though. The big cable selloff in the morning surely scared any potential buyer. Also with the uncertainties for tomorrow..
This is a week for tentative trading, in which everybody is much more worried about what is hidden behind the bushes rather than reacting to what they can actually see...
I mean, ADP good means strong FNP behind the bushes?
Bad UK housing / consumer data mean rate cut?
Recent US economical data mean Fed cutting?Ignored
GOTTA LUV THAT "SPECULATION".......
Thoughts.....BOE hold.....FOMC cut.......pound back to at least 0420???????
Makes you wonder?????