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- BeeTogether replied 25 min ago
depends on where we close today, if tomorrow we see the forecast data we could drop like a stone to 12550-126
- BeeTogether replied 3 hr ago
as expected data was red.. 127-12730 open before tomorrow
- BeeTogether replied 3 hr ago
Feel this dump from 127 is a liquidity grab with US data being poor recently not expecting too much
- BeeTogether replied 25 hr ago
Feels like the graveyard shift at the moment. Tight range etc. can’t see another drop for today, maybe tomorrow
- BeeTogether replied Jun 15, 2024
although BoE is independent of political parties a cut now would be propaganda for the current government saying we got rates reduced. However I do feel there could be a lean on to do something
- BeeTogether replied Jun 15, 2024
interesting.. i can’t see less than 2-7 voting for a cut, not sure what the impact of 2-7 and no cut would be thus staying with the status quo. If Thursday prints 3-6 then we will tank a bit. Due to the election I can’t see a cut taking place before ...
- BeeTogether replied Jun 14, 2024
next week will be interesting I think this drop is down to rumblings in the BoE about rate cuts. Which in a way has the votes already priced in. Dangerous if the vote to cut remains at 7-2 as that could be seen as hawkish and a spike upwards. Monday ...
- BeeTogether replied Jun 14, 2024
Good recovery from the Friday profiteering. As Gatino said room for a drop still exists. Bulls need a close above 127
- BeeTogether replied Jun 14, 2024
its friday, all in the pub having a cold one
- BeeTogether replied Jun 14, 2024
i know it’s red news but I can’t recall this one having much impact.. 126 will be sweet though media: data is a miss quite a big one . Let’s see if this get GU upto 127
- BeeTogether replied Jun 14, 2024
it’s guesstimate so when USD was at 104 we were near 12750 if I remember correctly so kind of reverse engineering it. do you remember last year when we were at 129-130 USD was near 100 it’s changed a lot since then as that correlation is out of sync
- BeeTogether replied Jun 14, 2024
107 would be circa 126-12550 I suppose.
- BeeTogether replied Jun 14, 2024
The pair have been bouncing off these areas since the initial drop has slowed down. I personally wouldn't take a trade in this zone as it is more of trap. NYO could provide a better picture. There is some data at 3pm UK time which may add to the PA, ...
- BeeTogether replied Jun 14, 2024
yeah I think so, from a psychological area perspective 12720 and bulls can reclaim some losses. NYO may allow a further pullback. This is all as long as 127-12690 hold
- BeeTogether replied Jun 14, 2024
I’d say 127 is holding. An overshoot so far but until we see lower than 12680 which is a tough ask especially without any data to force it down
- BeeTogether replied Jun 14, 2024
it will have to stop soon.. not sure if it’s the Friday thing or something from a new item that’s causing this drop. Over a 150 since the week’s highs which was only on Wednesday
- BeeTogether replied Jun 14, 2024
maybe but it could also be the falling knife.. don’t get caught. Reaction at 127 will be the area
- BeeTogether replied Jun 14, 2024
GU should find some support, between here and 127. Being a Friday we could see a move up to 12750-70 later if the support areas hold. Not seen a one way PA on A Friday for a while unless it’s down to data
- BeeTogether replied Jun 13, 2024
be great for me could do with a drop in our mortgage payments!
- BeeTogether replied Jun 13, 2024
Good recovery from 12739 up 20 pips lows of the day seen it seems. However if we close by 12750 we could be in for an interesting Fry Day. Next week I’m expecting a slow week a bit like this with Thursday as the big event one