GBP/USD and EUR/USD

Euro in H1 Chart


Channel Strong Bullish ... changes ... to Weak Bullish

Euro in H4 Chart


Bearish AB = CD Harmonic Pattern ... Completed

Cable H1 Chart - Updates

Fiber H4 - Updates

Ascending Triangle Chart Pattern... ???

I can't be sure 100% because the Pattern is similar. If Correct, Euro will say Hello to Price 1.13075

Euro H1 Chart - Full Reversal Down

Cable in H1 Chart

Bearish Total 3 - Harmonic Pattern ... Completed

Hi ALL,


For those of you who are interest...

I continues the Journey in Five Elements in Natural Harmony thread's




Best Regards,
Tsar

Brexit: UK caves in to EU demand to agree divorce bill before trade talks

On first day of Brexit negotiations chief EU negotiator makes clear Britain cannot dictate timing of negotiations

Dan Roberts, Daniel Boffey and Jennifer Rankin in Brussels
Tuesday 20 June 2017 07.50 BST


British negotiators have capitulated to key European demands for a phased approach to Brexit talks, agreeing to park discussions on free trade until they have thrashed out the cost of the multibillion-euro UK divorce settlement.

Putting a brave face on a concession that may further strengthen the tactical dominance of the EU, the Brexit secretary, David Davis, insisted his initial retreat remained consistent with long-term government strategy.



SOURCE : The Guardian

Brexit: All you need to know about the UK leaving the EU

By Alex Hunt & Brian Wheeler
BBC News

19 June 2017 Brexit


As the UK and the EU begin official talks on leaving, here is an easy-to-understand guide to Brexit - beginning with the basics, then a look at the negotiations, followed by a selection of answers to questions we've been sent.



SOURCE : BBC

EUR/GBP in H4 Chart ...

Here the Masterpiece of my Chart : based from Harmonic Pattern, Gann and Fibo Spiral

Wed Jun 28, 2017 | 4:22 PM BST
Graphic - Trump, Draghi, Fed doubts: is the dollar rally done?

By Patrick Graham and Ritvik Carvalho | LONDON


If shifts in major banks' currency views are anything to go by, Tuesday's speech by European Central Bank Governor Mario Draghi may mark an early end to the dollar's third big rally since the late 1970s.

Barclays and Deutsche Bank, along with Goldman Sachs, led the charge in 2014 in predicting rises in U.S. interest rates and the weakness of Europe would see the greenback reach parity with the euro for the first time in more than a decade.

Yet instead, Draghi's cementing of expectations for a gradual tightening of euro zone monetary policy - and the lack of faith in the Fed's promises on rate rises - spurred a 2 percent jump in the euro this week that to some felt final.



Source : Reuters

Wed Jun 28, 2017 | 8:12 AM BST
Now is not the time to raise interest rates - BoE's Cunliffe

By Andy Bruce | LONDON


Bank of England Deputy Governor Jon Cunliffe on Wednesday signalled that now is not the time to raise interest rates, siding with his boss Mark Carney in a deepening split between officials on the need for higher borrowing costs.

Speculation mounted last week that Governor Carney's grip on decision-making at the BoE was weakening when chief economist Andy Haldane said he might break ranks and join dissenters who voted this month for Britain's first rate hike in a decade.

But Cunliffe said he wanted more time to see how improvements in business investment and exports could compensate for a consumer slowdown before deciding to raise interest rates from their record low 0.25 percent.



Source : Reuters

Big bank cash returns just beginning, experts say

1. Banks moved full steam ahead on plans to return cash to investors after passing the second part of the Federal Reserve's stress tests on Wednesday.
2. Since the "torture" lasted eight years it's unlikely the pleasure is going to be all washed up in just a couple of years, Bill Smead said.
3. At least the next three years are going to be a period of catch up, said Tom Brown.

Michelle Fox | @MFoxCNBC
4 Hours Ago


Banks moved full steam ahead on plans to return cash to investors after passing the second part of the Federal Reserve's stress tests on Wednesday and that's only just the beginning, two experts told CNBC.

For the first time in seven years, the Fed didn't object to any of the capital plans of 34 banks it reviewed as part of the annual stress tests implemented as a result of the financial crisis.

"It's very exciting. And since the torture lasted eight years it's unlikely the pleasure is going to be all washed up in just a couple of years," Smead Capital Management CEO Bill Smead said in an interview with "Closing Bell" on Wednesday.



Source : CNBC

wow so many things but your chart/price is clear .please if it is possible explain and share your template to learn together

Cable H4 Chart ...

Euro H4 Chart ...

G20 Summit Hamburg - Germany 2017

Attached Image (click to enlarge)

About the G20

The G20 is the premier forum for international economic cooperation and increasingly the central forum for all questions of global governance. It responds to the insight that national action alone falls short in an increasingly networked world.
The G20 began in 1999 as a meeting of Finance Ministers and Central Bank Governors in the aftermath of the financial crises in Asia, Latin America, and Asia. The initial objective was to preempt balance of payments problems and turmoil on financial markets by improved coordination of monetary, fiscal, and financial policies. In 2008, the first G20 Leaders’ Summit was held to deal with the global financial crisis. G20 leaders have met eleven times since 2008, and there is now a Leaders’ Summit each year.


Informal forum for inclusive global governance

Since then, the G20 is developing from a crisis mechanism into a long-term global governance steering committee. It possesses the necessary weight and legitimacy for that task: Its member states are not only responsible for 85 percent of global gross domestic product (GDP) and three-quarters of global exports (goods and services), but also represent about two-thirds of the world’s population.


Source : b20germany.org

Trump expects trade deal with UK to be completed 'very, very quickly'

US president also confirms he will be visiting London as he has meeting with Theresa May at G20 summit in Hamburg


The US president, Donald Trump, has said he expects a trade deal with the UK to be completed very, very quickly and confirmed he will be coming to London, ahead of a bilateral meeting with Theresa May on Saturday.

Trump and the British prime minister began a meeting as part of a series of bilateral discussions with leaders at the G20 summit in Hamburg aimed at boosting the UKs trade position after it leaves the European Union.

A UK official said that the meeting with Trump would focus on progress with a post-Brexit US-UK trade agreement.
The US president also hailed the very special relationship he had developed with May as the pair met for talks on the margins of the G20. Trump said he expected an agreement on new trading arrangements with Britain to be a very powerful one that would be great for both countries.


Source : The Guardian

Business News | Sat Jul 8, 2017 | 1:13am EDT

Reviving euro zone inflation still long way off: ECB's Praet


The euro zone economy still needs a long period of easy monetary policy and a shift in message that induced a market selloff last week was merely a nuanced change to reflect better growth, European Central Bank chief economist Peter Praet said.

The ECB still needs to be patient and persistent with stimulus as inflation is a "long way" from getting back to the ECB's 2 percent target, Praet told Belgian newspaper De Standaard, likely hoping to temper expectations of an imminent policy shift.

ECB President Mario Draghi stirred markets last week when he argued that better growth in itself would provide increased support, allowing the ECB to curb its own stimulus to keep the overall level of accommodation broadly unchanged.

That message was taken as a signal that the ECB could announce as soon as September a reduction in asset buys, already running for over two years with the aim of reviving spending, growth and eventually inflation.



Source : Reuters

World leaders gather for G20 in Hamburg amid protests

Leaders of world's 20 largest economies meet in Germany for discussion on everything from climate to trade policies.


Leaders of the world's top economies have arrived in Germany for the start of the G20 in Hamburg, where large groups of protesters are rallying against the summit.

The meeting in the port city in the country's north comes at a time of major shifts in the global geopolitical landscape, with US President Donald Trump's "America First" policies pushing Europe and China closer together.

More than 100,000 demonstrators are also expected to descend on the city to protest against everything from climate change policies to capitalism.

Amid seemingly intractable conflicts, the host, German Chancellor Angela Merkel, faces the daunting task of steering leaders towards a consensus on trade, security, climate and migration - all issues that have become more contentious since Trump entered the White House in January.

Merkel said she hopes to find "compromises and answers" on a range of issues at the two-day meeting.


Source : Aljazeera