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My instinct tells me we are heading into buffers - which means a huge unseen crash is coming
Invest in alarm clocks
Quoting Tony112
My instinct tells me we are heading into buffers - which means a huge unseen crash is coming
What exactly are "buffers"??
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What is 'Capital Buffer'
Capital buffer is mandatory capital that financial institutions are required to hold in addition to other minimum capital requirements. Regulations targeting the creation of adequate capital buffers are designed to reduce the procyclical nature of lending by promoting the creation of countercyclical buffers.

A great unbalance from here could destroy everything.... When everything colapses it brings down other markets

Banks can only dig into a buffer but nothing is infinite
Invest in alarm clocks
somebody is playing around today with a big dog
Quoting Tony112
My instinct tells me we are heading into buffers - which means a huge unseen crash is coming
yep you will be right. world wide and not because of Brexit. been heading this way for awhile.
Yes it had nothing to do with Brexit....yea right
Quoting DonFF
Yes it had nothing to do with Brexit....yea right
Of course it is nothing to do with Brexit. It is just because investor know that UK leaves EU, then it currencies became toilet paper only.

Expert economist already forecast it will drop to 1.2 or even 1.15 before vote, I expect 1.25. All of those who predict not because of Brexit, just because we are doing that for fun.
Quoting Sniper2000
yep you will be right. world wide and not because of Brexit. been heading this way for awhile.
Other than funny humor, I don't know what to describe your quote. Not because of Brexit then because of what? Technical analysis so seller just sell the pound? You believe currency move for no reason?
I dont care about those economics stuff right now lets see if GBP heads to 1.25 as many said last week....who knows 1.20...wait parity ?
BOJ spoiled the fun for GJ
Quoting ChinaTraderz
Of course it is nothing to do with Brexit. It is just because investor know that UK leaves EU, then it currencies became toilet paper only.

Expert economist already forecast it will drop to 1.2 or even 1.15 before vote, I expect 1.25. All of those who predict not because of Brexit, just because we are doing that for fun.

Just know that small traders the likes of many here myself included has nothing to do with it getting there, we are just like ants on the elephant's back here.....Just be careful not to fall off.
Quoting DonFF
Just know that small traders the likes of many here myself included has nothing to do with it getting there, we are just like ants on the elephant's back here.....Just be careful not to fall off.
A small rat could scare off an elephant. Small, but must keep strong, learning, gaining more knowledge and experience because in trading, you need to face and beat those elephant to survive. Otherwise, what's the point to stay in the business?
Quoting DonFF
Yes it had nothing to do with Brexit....yea right
If you go back to my feeds of 2012 you will see that I said this was going to happen. The referendum wasnt even thought of then. Named the year too beginning 2016 to panic setting in 2018. Brexit has only bought it forward a year. I have a chart dating back to 1872 and all the dates on it have been correct so far so I see no reason to doubt whats happening now.
Quoting DonFF
Yes it had nothing to do with Brexit....yea right
Did you find my comments back in 2012? I purposely wrote it down and dated it , so you see we have been spun a load of B.. ..t to believing this is all just happening because of the referendum but really certain elite and bureaucrats have known it all along because of their manipulation of the world economy and history always repeats its self.
  •  Guest
  • | IP XXX.XX.32.30
Saddest thing that pound gonna fall in deep shit, EU gonna push pound down and down since they want to show their member: this is the result of exit. And now, nobody in British wanna hold the wheel, thing will get ugly real soon
I am not sure I agree - I seem to believe we bottomed last night and that we are now in recovery
Quoting MaverickCT
I am not sure I agree - I seem to believe we bottomed last night and that we are now in recovery
think you are right
  •  Guest
  • | IP XX.XX.199.239
Hehehe, OK EU is guilty for our economy so we do BREXIT, now EU is guilty for our pound falling!!!! Ok maaan, EU is guilty for everything! Hey men where are you with all your talks about how good is BREXIT? Or I know you are too busy for closing your long positions?
Many countries are fighting to lower their currencies without printing more. What's wrong Pound being fresh low ? It's good for the fresh starter, UK !
  •  Guest
  • | IP XXX.XX.246.250
Agreed Forex-Queen... You hear Trump criticising China as a currency manipulator implying they lower the value of their currency to increase trade. As the pound declines, this will save British jobs – it's a good thing, not bad.
Why brutal, this is good news for UK economy, and for export, this will make import expensive but will boost UK productivity and growth without doubt.
Quoting Forex-Queen
Many countries are fighting to lower their currencies without printing more. What's wrong Pound being fresh low ? It's good for the fresh starter !
Only works if as a fresh starter you don't pay for any services or good in other currencies. Seeing the massive trade deficit of the UK, I somehow doubt this is the case for most UK businesses.
  •  Guest
  • | IP XXX.XX.246.250
@city19akro - true, but as the costs of imports rise, less will be imported and exports will increase due to the cheap £, hence reducing the deficit, which is another good thing as the deficit does need to be reduced!
things will stabilize....they always do in time.....I think the UK dragging this divorce out is worse...... they need to pull the trigger and start negotiating the deals with EU
Quoting glenngie
things will stabilize....they always do in time.....I think the UK dragging this divorce out is worse...... they need to pull the trigger and start negotiating the deals with EU
Agreed. Uncertainty about the future is what is hurting the economy right now. What company would want to sign a multi year deal with a UK company at the moment, not knowing what will future tariffs and regulations be for the UK...
There is no one to pull the trigger. The guy who is in charge told them he is not their guy since they didnt support him....He is right he wouldnt have the energy so he said someone else has to do it and now they are in the process of finding such a person.

This decision was one step too much.....Am sure 52% is prepared for the consequences....just a pity for the 48% who didnt want it!
Quoting Forex-Queen
Many countries are fighting to lower their currencies without printing more. What's wrong Pound being fresh low ? It's good for the fresh starter, UK !
You know that UK owns a continuous trade deficit?
So the benefit is fully eaten by the disadvantage.

http://www.tradingeconomics.com/united-kingdom/balance-of-trade

It is just too easy for the campaigners to ignore and/or disagree on that - without proof of course.
  •  Guest
  • | IP XXX.XXX.232.80
Excellent for UK. Developed economies are constantly trying to devalue their own currencies.

If the EU have anything to do with it they won't let Sterling lag in this region for too long. UK will become the biggest exporter in the region very quickly.
http://www.investopedia.com/ask/answers/062315/what-are-key-benefits-country-has-engaged-policy-currency-depreciation.asp
The last time we had a surplus was 1998. Something that desperately needs to change.
i wish to Change 1$ USD with 10 GBP
the fall just beginning
Osborne and others have been warning of storm clouds gathering:
http://www.theguardian.com/politics/2016/feb/26/george-osborne-further-cuts-storm-clouds-economic-budget

Economic forecasts have been generally much weaker since the middle of last year. Look at the drops in the stock market August 2015.

Brexit spooked the market to be sure, but the fundamentals have been messed up for a very long time.
Cameron and his conservative approach as mandated by the electorate contributed to this kind of problem....Should have used the low interest rate environment to improve the countries' infrastructure which would have been more stimulative for the economy rather than sit on the money and hope for the best!

The human genius works best when we are positive and optimistic.

When we are fearful we invite the very thing we fear!

Lesson: We are attractors!
Quoting DonFF
Cameron and his conservative approach as mandated by the electorate contributed to this kind of problem....Should have used the low interest rate environment to improve the countries' infrastructure which would have been more stimulative for the economy rather than sit on the money and hope for the best!
Bang on. I've been campaigning for precisely that for so long now. And which is more it is exactly what we need to do now and that spineless transport secrtary just kicked the new runway/airport expansion scheme down the road for later.
QE seems to be fine if you want to save a bank/er or 2(+) but the idea of using it to do something constructive to advance the country seems to be an anathema. And we need skills training. proper skills training. Not everyone who goes to school is bright enough academically to get a 'degree' from a former technical college, and these kids are not popular with schools in this poisonous atmosphere of league tables. But so many of them are good at various things and you get them in the workshop learning proper skills from an early age instead of coralling them and 'minding' them for several years and you have a workforce. They have self respect and a future.
Quoting nbfx
The last time we had a surplus was 1998. Something that desperately needs to change.
It will change. 2 trillions debt. No pension funds. Current pensioners voted (predominantly) BRexit.... Robots coming online to take our jobs....
If current moves and political stuff and new PM hopefuls mean something.... I'd rather not say.....
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting ChinaTraderz
Of course it is nothing to do with Brexit. It is just because investor know that UK leaves EU, then it currencies became toilet paper only.

Expert economist already forecast it will drop to 1.2 or even 1.15 before vote, I expect 1.25. All of those who predict not because of Brexit, just because we are doing that for fun.
All experts said euro will fall below parity against USD after FOMC rate rise , we all saw what happened after FOMC rate rise. Don't trust these guys completely .
Quoting GANESH
All experts said euro will fall below parity against USD after FOMC rate rise , we all saw what happened after FOMC rate rise. Don't trust these guys completely .
The little I have learned in the 5 years in this game (still a newbie) is that one must rely on one's own system. There is too much "noise" in this market place from people who claim to be experts. I liken it to "if they were that good why are they not trading and making a fortune"
  •  Guest
  • | IP XX.XX.27.146
Well said Maverick!

I have gotten to the point where I can just laugh at it. Once you get a grip on it, half of what these people say/write sounds quite logical, but the reality is, it's just noise, as you say.
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  • | IP XX.XXX.84.185
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  • Story Stats
  • Posted: Jul 5, 2016 10:05pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 41  /  Views: 13,437