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  • Squawk / Yesterday at 7:03 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD and FTSE 100 poised for bullish signals into UK inflation data

    Today, Wednesday 19th September brings a host of UK inflation data at 09.30 GMT+1, with the headline number being the Consumer Price Index (CPI), which will likely impact onto the GB Pound and the FTSER 100 index.
    Although GBPUSD and the FTSE 100 are to an extent, inversely corelated on an intraday basis, both these markets are poised to make more positive statements.
    For GBPUSD, a push above 1.3213 would signal an intermediate-term shift to bullish.
    For the FTSE 100, the market is poised to signal a short-term Triple Bottom pattern, triggered above 7326, to then encourage a better recovery theme into the second half of September.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-and-ftse-100-poised-for-bullish-signals-into-uk-inflation-data/
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  • Squawk / 11 September 2018 at 7:02 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Brexit deal hope pushes GBPUSD up and even sets FTSE higher

    Michel Barnier indicated on Monday 10th September that a Brexit deal could be possible in six to eight weeks by the end of November.
    This was taken positively by Forex markets with the GBPUSD currency rate jumping higher and through an important technical chart barrier at 1/3043.
    Although the FTSE 100 share index, the UK benchmark initially slipped on this new (in reaction to the stronger GB Pound, a resilient tone by the FTSE since Friday sets immediate risks higher for the index.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/brexit-deal-hope-pushes-gbpusd-up-and-even-sets-ftse-higher/
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  • Calendar event / 10 September 2018 at 9:00 GMT

    GR CPI

    forecast
    actual
    Med CPI, M/M%
    -0.3%
    Med CPI, Y/Y%
    +1%
  • Squawk / 04 September 2018 at 7:53 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Brexit woes weigh again on the Pound, as FTSE 100 likes the GBP weakness

    Growing concerns about the progress of Brexit negotiations saw EURGBP post its biggest one day fall in over three months on Monday.
    Over the weekend Michel Barnier appeared to reverse comments made last week, taking a negative position on Britain’s latest Brexit proposal.
    Whilst Prime Minister Theresa May has again faced strong opposition to her proposal from within her own party.
    The GB Pound also took out support levels against the US Dollar (GBPUSD lower).
    This was reinforced by a weaker than expected Purchasing Managers Index (PMI).
    The FTSE 100 benefited, rallying after recent weakness, liking the weaker GB Pound scenario.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/brexit-woes-weigh-again-on-the-pound-as-ftse-100-likes-the-gbp-weakness/
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  • Squawk / 30 August 2018 at 7:19 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    The Pound surges on Brexit deal hopes as the FTSE 100 dips by Steve Miley

    The GB Pound surged against both the US Dollar and the Euro on Wednesday 29th August in the wake of positive comments by EUR negotiator Barnier, highlighting prospects for a Brexit deal.
    The GBPUSD push above 1.3000 has decidedly eased intermediate-term bearish forces and leaves risks for a still more positive development above a key technical level at 1.3043.
    The GBP strength did weigh on some FTSE 100 companies, taking the UK index lower, but whilst holding initial supports we see a still positive outlook through latter August into September.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/the-pound-surges-on-brexit-deal-hopes-as-the-ftse-100-dips/
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  • Calendar event / 09 August 2018 at 9:00 GMT

    GR CPI

    forecast
    actual
    Med CPI, M/M%
    -1.8%
    Med CPI, Y/Y%
    +0.9%
  • Squawk / 12 July 2018 at 6:01 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Greece…Still Bankrupt by Stephen Pope

    The Greek economy has made minor improvements

    It will not really exit the bailout programme in August

    A weak government will dither over further reform

    It will, eventually seek yet another credit line

    Greece should be shunned in the capital markets

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/greece-still-bankrupt/
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    12 July
    John Shaw John  Shaw
    Greece is just the canary in the coal mine over sovereign debt.
    The next "great recession" will blow the lid off many a country .... just like Greece....