Hi everyone, hope you had a good weekend. I didn't, i don't like weekends
So as you know, US CPI numbers came out last Friday. Looking at the macroeconomics of both the Pound and the USD, USD still has the upper hand. As you guys know, i am a top down fundamental analyst and a position trader. I generally hold my trades for weeks. So the things that i say might not be useful for scalpers and daytraders. Keep in mind.
And by the way, we have FOMC coming up this Wednesday. I expect a hawkish FED. Of course that's just a guess, i will be all ears for the result of the meeting like everyone else.
I think GU should fall until FOMC though, if it doesn't, i will keep them open during FOMC too.
Opened a little short position on GU from Friday's pullback:
So as you know, US CPI numbers came out last Friday. Looking at the macroeconomics of both the Pound and the USD, USD still has the upper hand. As you guys know, i am a top down fundamental analyst and a position trader. I generally hold my trades for weeks. So the things that i say might not be useful for scalpers and daytraders. Keep in mind.
And by the way, we have FOMC coming up this Wednesday. I expect a hawkish FED. Of course that's just a guess, i will be all ears for the result of the meeting like everyone else.
I think GU should fall until FOMC though, if it doesn't, i will keep them open during FOMC too.
Opened a little short position on GU from Friday's pullback:
I make my own luck.
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