Recap Take a look at the comments on Euro as Cable was behaving exactly like Euro last week.
Outlook The timing of the new infinite QE program by Fed tells us that waiting 2 more months until after election is going to be a disaster. That’s why it is introduced now. So it tells us that Euro zone, Japan, Britain, etc. are in way deeper sh#t than we know and without Fed doing something NOW to give more room for these other countries to ease further a major crisis coming these 2 months cannot be contained.
What kind of crisis are we talking about here? I don’t know. I just know that Fed never engaged in major policy change right before any election. If there is a major financial storm coming, it must be a huge one.
Expect a huge roller coaster ride in cable if it drops suddenly below B-0 this week. An all out selloff can bring it back down to 1.55 and below.
Lawrence's Comment
Recap
Tricky start. Monday breached Y-1 and looked as if it cannot hold above Y-1. Then a gap and go run to search and destroy all the shorts ...
Lawrence's Comment
Recap
Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
GBPUSD Sep 17 to Sep 21 Outlook
Lawrence’s Comment
Take a look at the comments on Euro as Cable was behaving exactly like Euro last week.
Outlook
The timing of the new infinite QE program by Fed tells us that waiting 2 more months until after election is going to be a disaster. That’s why it is introduced now. So it tells us that Euro zone, Japan, Britain, etc. are in way deeper sh#t than we know and without Fed doing something NOW to give more room for these other countries to ease further a major crisis coming these 2 months cannot be contained.
What kind of crisis are we talking about here? I don’t know. I just know that Fed never engaged in major policy change right before any election. If there is a major financial storm coming, it must be a huge one.
Expect a huge roller coaster ride in cable if it drops suddenly below B-0 this week. An all out selloff can bring it back down to 1.55 and below.
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