Bank of England: Is History Repeating Itself? | Forex Factory

  • Bank of England: Is History Repeating Itself?

    From blog.pimco.com

    The Bank of England has had to navigate a difficult set of circumstances in its attempts to raise interest rates. As far back as 2014, Governor Mark Carney suggested that rate rises could come “sooner than markets currently expect,” only for those aspirations to be dashed. Indeed, the next move in interest rates turned out to be a rate cut, in the aftermath of the June 2016 Brexit vote. Then, after a carefully choreographed set of speeches indicating the time had finally come, interest rates were raised in November last year, with indications of more to come. The message was that the economy had sufficiently ... (full story)

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Not-KPMG
Apr 21, 2018 9:56am
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Quoting OnlineAddict
{quote} I am seing some topping...but I want one more upmove to the 4250-4350 area and a rejection, as a confirmation of a bigger short. I am expecting euro to go up to re-test the 2500 area again, so I couldn't short the pound at the same time.
Hmm
You're both right.
But... 1.42 is where Carney started blabber, so NOT higher.
I'd sell. Now little 1.40. 1.41... 42.

I don't trade this cr.p but that's my vision. Target need to chart.... When got time
Reply
OnlineAddict
Apr 21, 2018 8:41am
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Quoting baldmonk
{quote} Are u going to see some sign of stablization? Weekly and monthly are really ugly..
I am seing some topping...but I want one more upmove to the 4250-4350 area and a rejection, as a confirmation of a bigger short. I am expecting euro to go up to re-test the 2500 area again, so I couldn't short the pound at the same time.
Reply
OnlineAddict
Apr 21, 2018 10:56am
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Quoting Not-KPMG
{quote} I'll reply in GU thread. Chart and all. Double top done, lies said.... https://www.forexfactory.com/showthread.php?p=10986672#post10986672
We will see in the next 2 weeks, I am in no mood to argue on such a nice sunny day.
Reply
Not-KPMG
Apr 22, 2018 1:12pm
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Quoting NewtonsCash
{quote} Absolutely, exchange "Fake Currency" for Bitcoin now at Blockchain.info
Some crybabies will think you are serious.

Shall we sell little at 9000 breakout or near 10k.

Last time i was selling broker took forever... And i missed out
Reply
NewtonsCash
Apr 21, 2018 1:22pm
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Quoting Not-KPMG
{quote} Hmm You're both right. But... 1.42 is where Carney started blabber, so NOT higher. I'd sell. Now little 1.40. 1.41... 42. I don't trade this cr.p but that's my vision. Target need to chart.... When got time
"Blabber" , when referring to Carney , good word
Reply
NewtonsCash
Apr 22, 2018 1:37pm
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Quoting Not-KPMG
{quote} Some crybabies will think you are serious. Shall we sell little at 9000 breakout or near 10k. Last time i was selling broker took forever... And i missed out
My next out is $38,000, then late Summer $64,000 finally $100,000 Jan 7th 2019...... might be wrong but heh , who cares the Penta's are paid for and Suns up as for the Babies , my , another year watching BTC Rise and rise , how very sad for them

"Don't be stupid be a smarty, come and join the Bitcoin party"
Reply
9jatrader
Apr 21, 2018 10:59am
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I missed GBPUSD short, even though I have it on my watch list in journal. As if I knew- I have closed my GBP long positions
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Bakker
Apr 22, 2018 10:31am
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1.4000 is first support. Gbp is on monthly in a wave 2 of a very big w3 down.
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Tony112
Apr 22, 2018 1:52pm
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I'm buying bitcoin at 10,425$. Lots of it.
Reply
NewtonsCash
Apr 22, 2018 3:21am
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Quoting zerotmoal
{quote} finally someone said it totally correctly "FAKE CURRENCY"
Absolutely, exchange "Fake Currency" for Bitcoin now at Blockchain.info
Reply
zerotmoal
Apr 22, 2018 12:04am
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Quoting Not-KPMG
Wish i traded that fake currency... It's hard to trade when bad news at 9:30 but sell off 7:30 or 9. Wait any retrace 1.4150 say then BIG SELL. To 1.35
finally someone said it totally correctly "FAKE CURRENCY"
Reply
Not-KPMG
Apr 20, 2018 11:58pm
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Wish i traded that fake currency...
It's hard to trade when bad news at 9:30 but sell off 7:30 or 9.

Wait any retrace 1.4150 say then BIG SELL.
To 1.35
Reply
OnlineAddict
Apr 21, 2018 6:03am
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Quoting Not-KPMG
Wish i traded that fake currency... It's hard to trade when bad news at 9:30 but sell off 7:30 or 9. Wait any retrace 1.4150 say then BIG SELL. To 1.35
1.4275 minimum. No need to rush into quick shorts before BoE in may.
Reply
Not-KPMG
Apr 21, 2018 8:25am
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Quoting Sanguis
{quote} Nobody knows what will happen. From here you can fall like a stone, but you can back it up.
1.35 is possible. 😱😱😱
Last resistance i remember ....
Also where the lies about hike started...

And last September... Was it 1.25 or 1.27....?
Reply
Not-KPMG
Apr 21, 2018 10:22am
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Quoting OnlineAddict
{quote} 1.4275 minimum. No need to rush into quick shorts before BoE in may.
I'll reply in GU thread. Chart and all.
Double top done, lies said....

https://www.forexfactory.com/showthread.php?p=10986672#post10986672

Reply
Sanguis
Apr 21, 2018 8:09am
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Quoting baldmonk
{quote} Are u going to see some sign of stablization? Weekly and monthly are really ugly..
Nobody knows what will happen. From here you can fall like a stone, but you can back it up.
Reply
Ill-b-back
Apr 22, 2018 4:24pm
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Just wait for it to poke its' head a smidge below 1.37 area, then look for PA to confirm a big buy on the Pound.



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baldmonk
Apr 21, 2018 7:31am
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Quoting OnlineAddict
{quote} 1.4275 minimum. No need to rush into quick shorts before BoE in may.
Are u going to see some sign of stablization? Weekly and monthly are really ugly..
Reply
baldmonk
Apr 21, 2018 10:15am
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Carney should be blabbing. by cable rising higher, the market is doing BoE's job, de facto tightening and stealing his show....
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Trader#56A9
Apr 21, 2018 3:41pm
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Now, when everyone saw the real direction to reduce the pound, the big players will want to sell at 1.43-1.44.
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Trader#3444
Apr 21, 2018 3:09am
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IMHO Good analysis but key risk in assumption ..
"we expect both wage growth and business investment to improve somewhat, as the Brexit negotiations proceed amicably."
Pimco analysts being Fooled by Fudge. All reputable business and economic analysis inc CBIs, suggests this requires soft brexit with SM access. and Irish border pivot.
That not what on the table now.
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