Good morning all
Still holding my SHORT on GJ and CABLE ... I was awake till 5am last night for that entries. So far so good... everything on the GREEN
When London OPEN... I am expecting the market gonna be chaotic... very volatile. Today... all Central Banks will surely super duper active in FOREX... including BANK NEGARA
Two option... stay out or play along... remember... just follow what the BIG BOYS do... we are ANCHOVIES... not SHARK/WHALES like them.
My anticipation for the BIG NEWS:
BOE rate cut 25bp >>>>> CABLE will go UP because market already priced in for it.
BOE rate cut 50bp >>>>> Free Fall on CABLE... but expecting a long retracement/bounce back once bottom is established.
BOE rate cut 75bp >>>>> Less likely gonna happen but if happen... I'll SHORT 100% of my acc if possible.
BOE don't cut rate >>>>> Don't think so.
BOE hike up the rate >>>>> IMPOSSIBLE.
ECB >>>>> Expecting the Interest Rate gonna be the same. No change this time... but highly speculated gonna be down in the future... Euro might loosing more value... might follow Pound Sterling.
ECB cut rate >>>>> Don't think so. If happen... SHORT FIBER with all I got.
p/s: All subjected to PRICE ACTION after the announcement... Big Boys on the street... be careful... opposite effect might happen.
Still holding my SHORT on GJ and CABLE ... I was awake till 5am last night for that entries. So far so good... everything on the GREEN
When London OPEN... I am expecting the market gonna be chaotic... very volatile. Today... all Central Banks will surely super duper active in FOREX... including BANK NEGARA
QuoteDislikedCentral banks will dominate the market on the 7th
http://www.forexfactory.com/news.php?do=news&id=68983
My anticipation for the BIG NEWS:
BOE rate cut 25bp >>>>> CABLE will go UP because market already priced in for it.
BOE rate cut 50bp >>>>> Free Fall on CABLE... but expecting a long retracement/bounce back once bottom is established.
BOE rate cut 75bp >>>>> Less likely gonna happen but if happen... I'll SHORT 100% of my acc if possible.
BOE don't cut rate >>>>> Don't think so.
BOE hike up the rate >>>>> IMPOSSIBLE.
ECB >>>>> Expecting the Interest Rate gonna be the same. No change this time... but highly speculated gonna be down in the future... Euro might loosing more value... might follow Pound Sterling.
ECB cut rate >>>>> Don't think so. If happen... SHORT FIBER with all I got.
p/s: All subjected to PRICE ACTION after the announcement... Big Boys on the street... be careful... opposite effect might happen.