i think it was more dnagerous than that, chonchy
http://24.media.tumblr.com/tumblr_m5...7xwvo1_500.jpg
http://24.media.tumblr.com/tumblr_m5...7xwvo1_500.jpg
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
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Four separate insiders from the UK’s tripartite financial supervision authorities – the Treasury, BoE and Financial Services Authority – suggested to the Financial Times that a shift was under way.
The evolution of policy results from borrowing costs rising for households and companies even as the BoE has interest rates close to zero. Interest rates on government debt are at an all-time low and the BoE has pumped £325bn of new money into the economy since 2009.
Kevin Daly, an economist at Goldman Sachs, who has been calling for action to cut borrowing costs, said: “It is sensible to address the issue directly. Conventional quantitative easing has been ineffective in cutting interest rates faced by households and business”.
DislikedIt probably will be choppy and a safer trade is the break of the May low which is the year's low of 1.5267Ignored
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DislikedHi Smikester,
I have to say that with all the fireworks expected post Greek election, and my own suspicion that the market will oscillate until next week - assuming a decisive result one way or the other is returned in Greece – I am not convinced by either any fundamentals, or technicals.
My long was based on technicals a week or so ago, but it really can be seen that technicals have been put on hold for now.
I may take the advice of Oanda, and pull any trades before market close.
And some fun:
http://www.youtube.com/watch?v=ED6WM...eature=related...Ignored