{quote} Right they drove down into the London open. And bought it from there. Had a limit order of .8880- go the rally. Then dollar sentiment took over. This move up is due mainly to euro being a bit stronger than the pound. However, the closer we get to Thursday the more bullish the EG will get. But one concern is the ECB meeting on Thursday- need to have all the levels prepared on that
Ignored
Right currently up 80 pips on non volatile pair (EG).....just going to let this run.
Lets see how things pan out next week
Going to need a re-rest on things
Dollar is king
Bit concerned about the S&P- everyone reducing their buying, pc is on the floor
2s10s really spiking
It helps that yields are rubbish and we have had some decent employment figures.
So where are they going to go.
From an earnings perspecitive does the ES warrrant being above 3000
No one is paying dividends atm
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News:
Fanatasitc employment figures- watch out for next month's estimate
China appear to have a vaccine
The UK - if they do bring in neg rate will be a long time waiting
UK China relations not good
If UK bans Huwaei equipment
Boris Johnson is looking to further boost business to get it to return - and a major speech has been prepared
Trump builds a wall around the White House
FOMC meet this week- could this massive sell on the dollar be over
So where are we at- pricing cable: Yuan fixing: 7.0812 Options smile - bearish (since Friday) Defended 1.2750 weekly & monthly 1.2700 to 1.2750 sticky Yds spd- flat Pension F: flat Structure: top edge, bought at London - but 1.2700 defended FA: nothing really...quiet Monday bds- br steep + equities got a bid- but any move up on Cable should be slow 1.2750 area of interest Really everything is about the FOMC on Wednesday- hopefully we can get positive news out Nice seller at 1.27000 ish This says everything: https://www.tradingview.com/x/QY65vVji/...
