Video

Kay Van-Petersen
Saxo's global macro strategist Kay Van-Petersen examines the big issues for the markets in the week ahead in this brief rundown.
Squawk / 23 October 2018 at 5:44 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
GBPUSD- Capped by key average, points lower
As expected Friday’s failure at the 13 day mvg avg proved important. With that point capping investor demand, selling interest was revived Monday with the resulting decline yielding our first downside target for the week, a 3rd down day from the last 4 and the most negative levels traded for 3 weeks. The scope of the decline means signals for sentiment are oversold, but allowing for a likely profit taking reaction, this morning’s call is bearish.
So we Sell in 1.2965/70 area and at 1.2986
Targets are 1.2933 and 1.2897
Stop - 1.3018 bid
Closes - 4pm London time
23 October
marran marran
im in on this, but at the moment it doesn't look great, im going to close one trade at 4pm and let my other run as i think overall its going to head in that direction
23 October
JVKNL JVKNL
Wow, this.one is costing me.a.lot
23 October
marran marran
back to the drawing board
23 October
JVKNL JVKNL
:)
23 October
geirth geirth
Just EU/Brexit noise. I reentered when stopped out and reduced the loss!
23 October
JVKNL JVKNL
Well i did not as it is not in the trade idea but lets see what tomorrow brings :)

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