Sterling has been blasted lower after BoE governor Carney cast doubt on a previously pretty-much-expected UK May rate hike. The EU's rejection of Britain's latest Brexit-Irish border plan only served to deepen the rot.
Squawk / 16 September 2016 at 5:48 GMT
Analyst / PIA First
United Kingdom
To say these markets are non-trending at the moment is a large understatement. We have daily RSI running flat (at 50) in some pairs, inside soldiers in others, corrective channels. Need I go on?

This is producing a lot of false signals as we look for breakouts. There is literally nothing to see in FX majors at the moment so I am going to hunt crosses for potential set ups.

Reports to follow (if I find one). Have a great Friday
Dj TinTin Dj TinTin
No shit Sherlock flat as a pancake looking forward to next week write this one off Ian
AlexF AlexF
Yen traders paralyzed as central banks become guessing game
Just when the world is most craving clarity on the future of Japan’s monetary policy, currency markets show it has become particularly hard to predict. With so little consensus on what Bank of Japan Governor Haruhiko Kuroda will come up with for the Sept. 21 policy decision, Eaton Vance Corp. and a unit of Bank of New York Mellon Corp. are abstaining from any positions in the yen, while JPMorgan Chase & Co. says some investors have closed out bets on declines in the dollar versus the yen. Such is the consternation that the options premium on contracts to buy the currency in a month’s time disappeared for the first time since November, before reversing course this week.
AlexF AlexF
I m out as well on forex till 21st...concentrating on equity
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
dj TinTin ... hahaahahaha That is my favourite saying. My Dad
said that all the time !!!!
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
AlexF ..... think you are spot on ..... don't want to advice on trades I wouldn't take ... I would only give them 60% chance and that's good enough at the moment to get an bleeders


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