Hi all,
Just my 2 pence.
- After continuous increase of the interest rate since January, it is a human (read: market) reaction that enthusiasm tempers a bit after 6 months.
- NZD recently hit an high dating since 2011
- EUR hit 1.35, with 1.34 as ultimate low, before getting back into shape
- British economy sends positive signals
- and certainly more that I overlooked....
I think it can be expected that there will be a slight correction. Keeping the balance between the Northern and Southern hemisphere, if you will
Also, price has broken daily support. And compared to fellow traders, my TP's are quite conservative.
Anyway, just a brainfart. Feel free to comment! Certainly if you don't agree!
Regards
Just my 2 pence.
- After continuous increase of the interest rate since January, it is a human (read: market) reaction that enthusiasm tempers a bit after 6 months.
- NZD recently hit an high dating since 2011
- EUR hit 1.35, with 1.34 as ultimate low, before getting back into shape
- British economy sends positive signals
- and certainly more that I overlooked....
I think it can be expected that there will be a slight correction. Keeping the balance between the Northern and Southern hemisphere, if you will
Also, price has broken daily support. And compared to fellow traders, my TP's are quite conservative.
Anyway, just a brainfart. Feel free to comment! Certainly if you don't agree!
Regards