Hello Guy i am Back for Pound today,
well Interest Rate Decision are Tricky,
so here is the Latest Analysis,
first of all Don't be Surprised to get 50bps Increase, BOE have a Way to Surprise the Market sometimes,
but we don't think Today is the Day,
lets First talk about SWISS FRANK,
it will be a Good move, Swiss Frank is already Over Bought,
ok lets see
The rate decision by the Swiss National Bank has been shoved off the front page by the BoE’s dilemma. It decides ahead of the US open tomorrow and we see some indecision starting to show up in the USD/CHF, where the dollar has failed to make much headway and may already be overbought. Some forecasters expect 50 bp, which would account for that, even though inflation has been falling from 2.8% to 2.2% over the past three months and core fell to 1.9% in May from 2.2% in April. It would seem 50 bp would be overkill.
dont get Surprise if USDCHF goes up Instead of Going Down.
specially in CHFJPY that Pair is Extremely Over Bought, and could hit 155 Soon. that almost 400 pip Move,
.
.
Now lets Move to the POUND
.
some people think Interest Rate Increase is good For the Currency, well that misconception some times kills even Months of Profits in One Giant Move,
.
her is Something to Think About.
.
Somewhat muddying the waters are the two most worrisome economies—the UK and China. See the yuan chart below—the dollar is the highest since last November. We can’t expect the pound to behave like the yuan, but it’s setting up for another one of its classic plunges if the BoE hikes by only 25 bp, as expected. Even a 50 bp hiker would probably not save the pound from a big, fat drop to well below 1.2500. Cross-rate traders are going to have a ball.
.
my Charts tells me it will go high before a BIG Drop.
it might be a Gamble to be Honest but i am Doing it.
now lets Move on to Next Part of FACTS.
.
The Financial Times headlines that UK debt is now over 100% for the first time since March 1961 after public sector borrowing doubled in May. Public sector spending was boosted by household and business energy support schemes, benefit payments and staff costs. This puts the government in a bind to meet promised tax cuts and also comply with fiscal rules.
.
that will be all.
There is a Saying, "BUY on Rumors Sell on Facts" today might be Just that Day.
well Interest Rate Decision are Tricky,
so here is the Latest Analysis,
first of all Don't be Surprised to get 50bps Increase, BOE have a Way to Surprise the Market sometimes,
but we don't think Today is the Day,
lets First talk about SWISS FRANK,
it will be a Good move, Swiss Frank is already Over Bought,
ok lets see
The rate decision by the Swiss National Bank has been shoved off the front page by the BoE’s dilemma. It decides ahead of the US open tomorrow and we see some indecision starting to show up in the USD/CHF, where the dollar has failed to make much headway and may already be overbought. Some forecasters expect 50 bp, which would account for that, even though inflation has been falling from 2.8% to 2.2% over the past three months and core fell to 1.9% in May from 2.2% in April. It would seem 50 bp would be overkill.
dont get Surprise if USDCHF goes up Instead of Going Down.
specially in CHFJPY that Pair is Extremely Over Bought, and could hit 155 Soon. that almost 400 pip Move,
.
.
Now lets Move to the POUND
.
some people think Interest Rate Increase is good For the Currency, well that misconception some times kills even Months of Profits in One Giant Move,
.
her is Something to Think About.
.
Somewhat muddying the waters are the two most worrisome economies—the UK and China. See the yuan chart below—the dollar is the highest since last November. We can’t expect the pound to behave like the yuan, but it’s setting up for another one of its classic plunges if the BoE hikes by only 25 bp, as expected. Even a 50 bp hiker would probably not save the pound from a big, fat drop to well below 1.2500. Cross-rate traders are going to have a ball.
.
my Charts tells me it will go high before a BIG Drop.
it might be a Gamble to be Honest but i am Doing it.
now lets Move on to Next Part of FACTS.
.
The Financial Times headlines that UK debt is now over 100% for the first time since March 1961 after public sector borrowing doubled in May. Public sector spending was boosted by household and business energy support schemes, benefit payments and staff costs. This puts the government in a bind to meet promised tax cuts and also comply with fiscal rules.
.
that will be all.
There is a Saying, "BUY on Rumors Sell on Facts" today might be Just that Day.
Don't compare your Trades with Others
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I concur with everything else you say
As for fx6996, an attack on any European Nato state is an attack on the USA. Ukraine is defending the Nato block and the USA has to get involved. Simple, Cheers.
