Dislikedproblem is that some times an event causes risk on. the following time, the same event, causes risk off.
maybe it is due to the complexity of factors involved so maybe it's my lack in fundamentals attitudes. seems to me a kind of monster used by market to give reasons for a direction instead of another.
in recent months:
good data risk on.
bad data risk off.
then....
good data risk off
bad data risk on.
wtf
anyway GU price is printing a perfect downtrend in hourly charts.
unless we see today straight above 5640 (hard work), better respect...Ignored
now i dunno about datas like UK GDP, CPI, EUROPE CPI.... i have no idea about these indicators... they are confusing as fuck cuz it seems like they dont do shit....
BTW Ben Bernanke is a big fucking indicator too....
But like i used to say.... GBPUSD is really really manipulated.... data comes out and gbpusd doesnt do what its suppose to and very often it does the opposite to what the text book teaches us... show you how manipulative this forex industry is.... ahem ahem barclays and their manipulative Libor scandal...
its been long known (even cloggie knew) the gbpusd was manipulated, we just dunno by what means or by who.... nice bust up of that barclays incident...
who better yet than the BIGGEST trader of GBP to manipulate what affects Currency the most (Interest rates)....
BTW libor rate was manipulated Upwards if you read the news...
and increasing interest rate increases hot money flow meaning demand for the GBP.... thats why the GBP has been propped up for so long...
We live in a finite world with infinite possibilities.