Recap As expected the 3 pushes up led to a selloff below Y-1. Instead of falling further, cable consolidated in range. Closed the week above midpoint.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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Lawrence's Comment
Recap
Dow extended its losses early in the week with wedging actions gave us a clue that this could be an FBO against Y-1. Confirmed by Wednesday with a very ...
Lawrence's Comment
Recap
The weaknesses in gold enabled US dollar gaining strength suddenly. After first part of the week spent in consolidation and potential top forming, the collapse in gold triggered a ...
GBPUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
As expected the 3 pushes up led to a selloff below Y-1. Instead of falling further, cable consolidated in range. Closed the week above midpoint.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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