Menu
Sister Sites

  • Pound May Fall Below $1.20 in Next Month, SocGen Strategist Says

    From bnnbloomberg.ca

    The pound is likely to fall to the lowest level since the pandemic crash as the Federal Reserve’s rate-hike path continues to outpace that of the Bank of England’s, according to Societe Generale SA strategist Olivier Korber. The BOE’s recent recession warning combined with growing expectations of another 75 basis-point interest-rate hike in the US, may put sterling at risk of falling below $1.20 “in the very near term,” Korber wrote in a note. The British currency rallied in late July on anticipation the Fed would pivot away from aggressive tightening. But the rebound was cut short this month as US ... (full story)

1.22-23 soon.
Everyone can see the chart, but only a few can actually read it.
Well, it needs only about 70 pips for that so even my 7 year old can predict that. lol
Quoting OnlineAddict
1.22-23 soon.
I think one week they got it right, another not and next again right and so on..
Their post's are 50-50. It just looks to me that they use bloomberg and cnbc or whatever to give a signal to others. Somehow, almost always after they post article price seem to start going one way or the other. I mean the timing of this damn news is so fishy. Look at timeline of todays news considering Russian gas. Then go to EUR/USD and you'll see the news came out just when the price reached last days high. I don't know, it just looks suspicious, looks like they manipulate the market through the news in whatever way they want the price to go. I also commented this on EUR/USD Only today right after the news and was right that this was a signal that price will start to go down. May be crazy, probably not.
Quoting TheWolf
{quote} I think one week they got it right, another not and next again right and so on.. Their post's are 50-50. It just looks to me that they use bloomberg and cnbc or whatever to give a signal to others. Somehow, almost always after they post article price seem to start going one way or the other. I mean the timing of this damn news is so fishy. Look at timeline of todays news considering Russian gas. Then go to EUR/USD and you'll see the news came out just when the price reached last days high. I don't know, it just looks suspicious, looks like...
Well, imagine you owned some big media company...and EU would be reaching daily highs...you go short...so you just tell your employess to print this or that...to help you a bit. I think its just human nature. Nobody buys media outlets because he/she is a great human being and wants to spread the truth and love. lol
Everyone can see the chart, but only a few can actually read it.
Quoting OnlineAddict
{quote} Well, imagine you owned some big media company...and EU would be reaching daily highs...you go short...so you just tell your employess to print this or that...to help you a bit. I think its just human nature. Nobody buys media outlets because he/she is a great human being and wants to spread the truth and love. lol
So then, we agree that we agree.
Quoting TheWolf
{quote} So then, we agree that we agree.
Nothing is random, where big money is involved.
Everyone can see the chart, but only a few can actually read it.
More like below 1.8 or 1.7 even
Compulsions can be hard to resist
Pulchra All Time Return: -88.4%
Quoting OnlineAddict
1.22-23 soon.
And done...that was fun.
Everyone can see the chart, but only a few can actually read it.
  • New Comment
  •  Guest
  • | IP XX.XXX.148.127
Join FF
  • Story Stats
  • Posted: Aug 9, 2022 11:07am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 8  /  Views: 1,860