Got news for you. Before carney speech, Goldman said to long cos he will playdown falling inflation. And they were right... he did it and GBP rallied. Now though, Goldman says its a short squeeze and to open shorts when the upmove seems to lose momentum. Will goldman be right again?
Carney was an ex goldman staff anyway so what the heck? I still aint too sure what the "bottom" for GU will be after seeing the euro... and how bottoms been sliced through again and again. calls for bottom over there have failed non stop, and am wondering how long can UK withstand the deflation disease of EU. 1.38 may not be wrong, but it could be a long term target who knows? after we do some RT here and there... ><
Carney was an ex goldman staff anyway so what the heck? I still aint too sure what the "bottom" for GU will be after seeing the euro... and how bottoms been sliced through again and again. calls for bottom over there have failed non stop, and am wondering how long can UK withstand the deflation disease of EU. 1.38 may not be wrong, but it could be a long term target who knows? after we do some RT here and there... ><
DislikedPoint in fact, it is a trifle maddening ... . Here's the Weekly: {image} Long-term S/R at its current level with the CCI hovering around the "0" line. The bounce off the low appears to be a short squeeze in oversold conditions ... . So I can see why there is a difference of opinion as to direction ... . It is also possible I got Morgan-Stanley's forecast (issued 2/8) stuck in my head and am therefore stuck on shorting. http://www.efxnews.com/story/27845/u...morgan-stanley Their 1.38 forecast by mid-year...Ignored