Today brings all traders back to the reality of what moves the market. Today you can post 250 different technical charts that mean absolutely nothing in the face of strong fundamentals. CPI can be a market mover no doubt, but 350 pips for cable? Wow! Pretty much proves GBP was oversold and just begging for an opportunity to rocket north for a change.
iv loaded shorts from 1.1730 for the retrace but overall we might keep this day in mind to unwind our overall thirst for shorting anything related to USD fundamentals.
Anyway, lots of pips to everyone. (Ps..borrowed image from a poster in cable thread)
iv loaded shorts from 1.1730 for the retrace but overall we might keep this day in mind to unwind our overall thirst for shorting anything related to USD fundamentals.
Anyway, lots of pips to everyone. (Ps..borrowed image from a poster in cable thread)
3