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Yen & GBP Slightly Down

Both Japanese yen and British Pound are slightly down this Monday morning, the first one a courtesy of
a bit worse than expected trade balance numbers published during Asian session. The pound just suffers the consequences of very bad data from the last week.
Not much movement is expected today amid low trade volumes and US holiday but in my view the pound is getting ready to slide lower to its critical levels o 1.2380-40. If that doesn't hold we can easily see 1.2200 this week. Probably not t…
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Next Week Trade Ideas

Listed below ideas assume that US dollar will rise modestly before Yellen's Congressional testimony on Tuesday & Wednesday. Ideally, I would like to buy the dollar lower when other currencies rise a little on Monday and have these trades a bit ahead in the green when before Yellen speaks. If she sound dovish all the trades should just brake even, but I'm hoping to hear some clues that markets will take as a signal for March rate hike. If so, buying US dollar should be quite profitable next week.…
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Risk Aversion The Name of The Game.

Market sentiment has deteriorated during the Asian session and worsened at London opening. Once again the Japanese Yen is emerging as the winners along with US dollar which made gains against all other currencies except Yen. For euro and the British Pound it's surfacing new worries about the future of EU and its common currency as the political climate is becoming edgy and unclear once again. The antipodean currencies behaved relatively well considering sudden dollar & yen rise, but not without …
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GBP Getting Election Jitters

Yesterday Sterling made an impressive drop and I expect this trend to continue at least till election results are out.
I few days ago I was reading an interesting commentary about how pound always drops starting about 2 weeks before elections, but as dollar traded last few days on back-foot(at least till Friday), cable just tagged along all with the other currencies leading by euro. But that has come to a sudden end.
That's why I left my GBP\USD short position open for the weekend hoping for a…
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Natalia_Kisenko avatar

when will the election finish in the UK?

JonSnow avatar
JonSnow 2 Maio

Elections are May 7th but it might take a while before the "dark clouds" hanging over British pound blow away :)

Natalia_Kisenko avatar

thanks...  do you think british pound will move down some time after the election?

JonSnow avatar
JonSnow 2 Maio

that depends on the election outcome

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