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  • Sterling strength impacting forex markets as Prime Minister May calls an election

    From hantecfx.com

    An incredible surprise move by UK Prime Minister Theresa May to propose a General Election on 8th June has significantly impacted forex markets. May’s Government will look for confirmation of the election in a vote in Parliament today. Sterling strengthened significantly to levels not seen since October against the US dollar, at one stage adding 350 pips. This has further knocked the dollar which has been under pressure in any case. With the 10 year Treasury yield falling to a five month low, the US trade weighted dollar continues to correct. The move has driven EUR/USD to break resistance and Dollar/Yen to further ... (full story)

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  • | IP XX.XXX.11.188
Maybe President Trump should announce "emergency general elections" to balance the equation and send US Dollar skyrocketing?

Looks like a "great formula" to push a currency's value up these days ...

And no one cares to ask:

Why "strong, natural, bearish USDCHF trend" amid yesterday's "artificial, mind-blowing bullish GBPCHF trend" after British PM's announcement?

How fast will GBPCHF (and...generally GBP) fall when traders come to their senses?
GBPUSD has still a long way to go down....
Buy at the Low, Sell at the High You make money by waiting not by trading.
Quoting Lacunoide
GBPUSD has still a long way to go down....
Yes. Speaking personally i see this as a longer term sell opportunity.
But the political risk element here is very high and as yet impervious to analysis..
And volatility is likely to be high in next two months.
are folks hoping that Brexit will not happen after the election ??
Quoting cliffedwards
{quote} Yes. Speaking personally i see this as a longer term sell opportunity. But the political risk element here is very high and as yet impervious to analysis.. And volatility is likely to be high in next two months.

When we Analysis the market by technical,its U turn by Fundamental ,then we calculate both ,its move by political, finally we take into all those things ,Big Boys bend the mkt as they wish, What can we do ??????????????
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  • | IP XX.XX.15.156
MP's are about to vote on the election, GBP could strengthen today after the count is confirmed!! Expect to see some volatility soon.
Quoting cliffedwards
{quote} Yes. Speaking personally i see this as a longer term sell opportunity. But the political risk element here is very high and as yet impervious to analysis.. And volatility is likely to be high in next two months.
the way I understood the sudden move up by the GBP is that the chance of reversing Brexit through a general election loss for May is feeding strength to the GBP. It seems far fetched but I can't see another reason for it.
Pretty much stuck in a corner as the two main parties are looking for brexit to come in some form... I don't think liberal democrats can pull it off at mo and they are hinting at rejoining the eu, looks like brexit means brexit. Yet again with limited time we are going to make another bad decision wtf....
scale in, scale out
Quoting g_6eed1bc1
Maybe President Trump should announce "emergency general elections" to balance the equation and send US Dollar skyrocketing? Looks like a "great formula" to push a currency's value up these days ... And no one cares to ask: Why "strong, natural, bearish USDCHF trend" amid yesterday's "artificial, mind-blowing bullish GBPCHF trend" after British PM's announcement? How fast will GBPCHF (and...generally GBP) fall when traders come to their senses?
I tend to agree with your comments but on closer examination you will see it is an opportunity to affirm the political situation where, due to Brexit, there was a lot of confusion which caused the Pound to plummet. Many traders think it fell too far. To compare the steady state of Usd/Chf to Gbp/Chf is therefore not valid. Having said that, my personal view as a trader is that the Pound still has plenty of room to fall further.
Gone to a better place
Quoting g_6eed1bc1
Maybe President Trump should announce "emergency general elections" to balance the equation and send US Dollar skyrocketing? How fast will GBP fall when traders come to their senses?
Probably pretty fast and I see 1.32-1.33 area as a good sell
Come with me if you want to live....
Quoting cliffedwards
{quote} Yes. Speaking personally i see this as a longer term sell opportunity. But the political risk element here is very high and as yet impervious to analysis.. And volatility is likely to be high in next two months.
Trapped traders caught out on the 'wrong' side of that announcement... We'll see what develops but still a risky market in my book - knee-jerk-event driven and not a fundamental in sight...
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  • Story Stats
  • Posted: Apr 19, 2017 7:21am
  • Submitted by:
     HantecRich
    Category: Breaking News
    Comments: 12  /  Views: 4,972