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lukepearson

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Everything posted by lukepearson

  1. Today's Headlines: US NFP expected around 197k; The straining relations within the EU; Daily Technical Analysis - Indices, Stocks and Forex With the US NFP being released tomorrow, the Daily Market Roundup was focused on the impending data release and the impact it will have on the Federal Reserve’s hike trajectory for for 2016. The relations between EU members was also a talking point, with a major pillar in the free movement of labour from Europe being shook by the immigration crisis. The start of the Daily Technical Analysis segment began today, covering a wide variety of stocks, forex and indices. Daily Market Roundup: US NFP expected at 197k; Fed behind the curve if they don’t move again in March Daily Market Roundup: US NFP expected at 197k; Fed behind the curve if they don?t move again in March | TipTV.co.uk Watch: China and the Renminbi the biggest psychological change for 2016 Watch: China and the Renminbi the biggest psychological change for 2016? | TipTV.co.uk Emerging market crisis? Gold no longer the safe haven; Bad news for the bond market ahead Emerging Market crisis? Gold no longer the safe haven; Bad news for the bond market ahead | TipTV.co.uk Straining the already stressed EU relations; Market running away from itself in China Straining the already stressed EU relations; Market running away from itself in China | TipTV.co.uk Forex Forecast: EUR/USD and USD/JPY further downside pressure; Bitcoin - a safe haven for investors Forex Forecast: EUR/USD and USD/JPY further downside pressure; Bitcoin ? a safe haven for investors? | TipTV.co.uk Daily Technical Analysis: FTSE 100, DAX, S&P 500, NASDAQ, GBP/USD, EUR/USD, Single Stocks: FBT, PRM and TLV Daily Technical Analysis: FTSE 100, DAX, S&P 500, Nasdaq, GBP/USD, EUR/USD, Single Stocks ? FBT, PRM, TLV | TipTV.co.uk EUR/USD to be range bound; EUR/GBP being forced lower; Holding above $1100 positive for Gold EUR/USD to be range bound; EUR/GBP being forced lower; holding above $1100 positive for gold | TipTV.co.uk DJIA and FTSE 100 to test key levels; USD Index a leading indicator on Oil DIJA and FTSE 100 to test key levels; USD Index a leading indicator on Oil | TipTV.co.uk Sainsbury’s and HOME a possibility; M&S sees room to grow; China circuit breakers only increase volatility Sainsbury?s and HOME a possibility; M&S sees room to grow; China circuit breakers only increase volatility | TipTV.co.uk Single Stocks: Direct Line Group (DLG.L), WEIR Group (WEIR.L) and BAE Systems (BA.L) Single Stocks: Direct Line Group (DLG.L), Weir Group (WEIR.L) and BAE Systems (BA.L) | TipTV.co.uk
  2. Today's Headlines: The 2016 growth story compromised by external factors? The threat named 'China'; Focus on the Euro China remained a key theme for today’s show, and was joined by several guests explaining their views for 2016, plus a view on the Euro, an educational trading tip and technical analysis from a derivative perspective. Daily Market Roundup: UK retail deflation; The threat named ‘China’; Markets not factoring in a Brexit Daily Market Roundup: UK retail deflation, the threat named ?China?, Markets not factoring in a Brexit | TipTV.co.uk Live Charting: Indices on the slide; Gold aided by fear factor; Oil still targeting sub-$30 Live Charting: Indices on the slide, Gold aided by fear factor, Oil still targeting sub-$30 | TipTV.co.uk Watch: 2016 growth story compromised by external factors? The China development paradox explained Watch: 2016 growth story compromised by external factors? The China development paradox explained | TipTV.co.uk USD a black hole attracting capital; FTSE looking for a drop; Massive Sterling weakness ahead USD a black hole attracting capital; FTSE looking for a drop; Massive Sterling weakness ahead | TipTV.co.uk 2016 Outlook: Currency wars developing into trade wars - The legacy of protectionism 2016 Outlook: Currency wars developing into trade wars ? The legacy of protectionism | TipTV.co.uk China the main driver; Opportunity in EUR/JPY shorts; EUR/GBP at a key spot China the main driver; Opportunity in EUR/JPY shorts; EUR/GBP at a key spot | TipTV.co.uk Derivative Market: Outlook for key global indices; Warning signs for DAX; The bad boy NASDAQ Derivative market: Outlook for key global indices; warning signs for DAX, the bad boy Nasdaq | TipTV.co.uk Trading Insights: What is ‘Scalping’? Trading Insights: What is ?Scalping?? | TipTV.co.uk Wallstreet and China fall affecting the 2016 outlook; Gold likely to do better this year Wallstreet and China fall affecting the 2016 outlook; Gold likely to do better this year | TipTV.co.uk
  3. Today's Headlines: Can the China toxicity be contained? Sell the USD against the Yen for the coming days Today we covered a range of macro and technical subjects, including the growing concern emerging from China on the back of the weak Manufacturing PMI, as well as technical analysis on a range of stocks, indices and forex, with special focus on USD/JPY. Daily Market Roundup: Can the China toxicity be contained? http://www.tiptv.co.uk/finance/daily-market-roundup-can-the-china-toxicity-be-contained/ 2016 Outlook: FTSE 250 - A stock-pickers market? http://www.tiptv.co.uk/finance/2016-outlook-ftse-250-a-stock-pickers-market/ Watch: What do lower oil prices mean for the Middle East? http://www.tiptv.co.uk/finance/watch-what-does-low-oil-prices-mean-for-the-middle-east/ COURAGE: The acronym for 2016 http://www.tiptv.co.uk/finance/courage-the-acronym-for-2016/ China: A rough first day, same story for 2016? http://www.tiptv.co.uk/finance/china-a-rough-first-day-same-story-for-2016/ Stock and Index Outlook: China 300, US Dollar Basket, M&S and Next http://www.tiptv.co.uk/finance/stock-and-index-outlook-china-300-us-dollar-basket-ms-and-next/ Watch: Selling the USD against the Yen a strategy for the coming days http://www.tiptv.co.uk/finance/watch-selling-usd-against-the-yen-a-strategy-for-coming-days/ Oil Outlook: 2015 Review; What’s to come in 2016? http://www.tiptv.co.uk/finance/oil-outlook-2015-review-whats-to-come-in-2016/ Single US Stocks: SWHC, PVH, DECK and TRCO http://www.tiptv.co.uk/finance/single-us-stocks-swhc-pvh-deck-and-trco/ The Sun Newspaper Share Picking Competition http://www.tiptv.co.uk/finance/the-sun-share-picking-competition/
  4. We have created a free app where we interview CEO's and Experts who advice on investing and trading in financial markets. We're an independent start up who have been working through the pain barrier to get to this point. We produce a daily finance show for traders and investors, and our aim is to help the average joe to pay his gas bill through sensible analysis, insight and trade ideas. We would love your feedback on the show and app and how to make this better. http://www.tiptv.co.uk/app-finance
  5. Today’s stock and macro update: China data and market unclear but may still prevent Fed rate hike Nick Batsford, CEO of Tip TV, opened the Tip TV Finance Show alongside Richard Hunter, Head of Equities at Hargreaves Lansdown, to discuss the impending potential Fed rate hike and FOMC meeting this Thursday, China’s clouded economic data, as well as brief outlooks on the FTSE 100, NASDAQ, Merlin, Kingfisher and more. Entirely 50/50 on Fed decision this Thursday Hunter outlined that the verdict of Thursday’s FOMC meeting is split down the middle and a rate hike could be on the cards. He noted that any hike will be a 25 basis point interest rate rise. However, Hunter also highlighted that China has given the Federal Reserve a significant excuse to prevent the Fed hike, even though US data has been improving recently. China clouded economic data remains Hunter briefly outlined China, commenting that its stock market is still in trouble following the drastic fall and the government artificially holding up prices, and that in terms of its economic data we are unsure of its accuracy. October tumble in the markets possible Hunter moved onto the markets, and commented on the decline until December as many begin positioning their portfolios for 2016. Historically October has been the month for a crash, however, he noted that you can’t categorise months, sometimes it will and sometimes it won’t, and he urges to look to the longer term and ride out the volatility. Oversupply to cause $20 oil Batsford highlighted the call by Goldman Sachs who have predicted oil down to $20 a barrel. In response, Hunter noted that he is not sure on oil, and that there must be some other factors in play other than oversupply for Goldman Sachs to be calling oil down to $20. He added oil experts believe we are in a range now, and that $20 is a long way off at the moment. Stock and Index updates Batsford outlined the NASDAQ as being the strongest index on Thursday and is currently leading the market. He also added that this should continue over the next week. In terms of IAG, Hunter commented that it is a well-regarded stock and the market consensus is coming in at a strong buy. Hunter continued onto KGF, and believed that they are trying to get synergies within the business. According to Hunter, exposure to France had been holding back and the Jury remains out at the moment. When concerning MERL, Hunter noted that is will be interesting to see what financial impact Merlin is likely to take from the Alton Towers incident. But it maintains a buy due to its great diversification of parks and rides and its presence in the USA as well. See more at: Today?s stock and macro update: China data and market unclear but may still prevent Fed rate hike | TipTV.co.uk
  6. Forex Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55? USD/JPY expected to move lower USD/JPY looks like a textbook trade, notes Woodcock. He further believes that the cross will likely head lower to test 115.50 level, where he seeks to enter into a bullish position on the pair. See more at: Fx Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55? | TipTV.co.uk
  7. Forex Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55? EUR/USD: 1.16-1.17 retest ahead Woodcock maintains his bullish view for EUR/USD, expecting a retest of the ‘Black Monday’ highs around 1.16-1.17 area, noting that the pair sees a good support around 1.1220 levels. See more at: Fx Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55? | TipTV.co.uk
  8. Brent crude oil experiences worst quarter since 2010 Guarav Sharma – Oil analyst at Sharecast – joins Tip TV CEO, Nick Batsford, to talk about how Chinese sentiment has weighed on the oil market, and whether it’s likely to bounce back from this. Obsessions with China need to be tempered The nosedive in oil price that we’ve witnessed over the last month is largely attributed to concerns surrounding China, but Guarav Sharma believes that this sentiment is misplaced. China are still importing 7million barrels daily, and remain net exporters of refined petroleum through the region. $60 per barrel by Christmas? Current prices for Brent are holding just below the $50 level. Sharma believes these could see a $60 high before the new year, but are still prone to volatility driven by fundamentals. He also believes prices could claw their way back to $75 per barrel much sooner than we expect. See more at: Brent crude oil experiences worst quarter since 2010 | TipTV.co.uk
  9. Precious metals: Gold for the price of Silver Charlie Gibson – Head of mining at Edison Research – joins Zak Mir at Tip TV to talk about what’s been happening with Gold and other precious metals prices during the recent stock market upheaval. Good value for mining stocks Gibson believes that metal prices are in a place where they are unlikely to fall any further, but could potentially rise through the roof. Zak Mir remains a bit more cautious however, suggesting that Gold and Silver could still have further to fall. See more at: Precious metals: Gold for the price of Silver | TipTV.co.uk
  10. Fed rates: 2015 still a reasonable call; Markets calling for further Yuan devaluation? With the Chinese officials resorting to selling Treasury bonds in a bid to continue supporting their crumbling market, Marcus Ashworth believes this is taking a toll on their currency. Remaining pegged to the dollar is proving to be costly, so cutting rates and devaluing the Yuan is almost certainly the right move for China to make, but it may also be that the market has already accounted for a future move. September unlikely, but 2015 still a reasonable call in interest rates Moving away from the overuse of emerging monetary policies of recent years, the Federal Reserve are set on raising the US interest rate in the near future. Speculation still persists as, even though a September hike was the original call, it’s seemingly becoming less and less likely. Zak Mir believes that the Fed should make their move and get it over and done with, but Ashworth feels that the concern over the markets (particularly emerging economies) should not be a factor in the Fed’s decision. See more at: Fed rates: 2015 still a reasonable call; Markets calling for further Yuan devaluation? | TipTV.co.uk
  11. Market visibility clouded by China and the Fed Market visibility clouded by China and the Fed Zak Mir, technical analyst for ShareProphets.com, opened the Tip TV Finance show today alongside Mike Ingram, strategist at BGC Partners, to discuss the ongoing situations concerning the Fed rate hike and the China meltdown. Transparency required in the global market Ingram began by noting the rounding up of journalists in China, and he added the fog surrounding China must clear in order for the world to understand the problems facing it and to react accordingly. In terms of the Fed, Ingram commented that the time of the rate hike remains in the balance, despite it being said over the weekend that the Fed will look through China to raise rates, as we await the non-farm payroll numbers on Friday. Full house buy alert for stocks Ingram questioned their decision as he believes it isn’t as easy to call the bottom, and that we are not going to see any resolution to the current crash. He outlined how Morgan Stanley were overweight on European equities like everyone else, and went on to highlight that Europe is improving economically - but sustainability is the key. Whilst discussing recovery, Ingram noted that the US has experienced one of the worst recoveries in history, only growing at rates of less than 3%. See more at: Market visibility clouded by China and the Fed | TipTV.co.uk
  12. Sentiment shows 61% bullish on the FTSE 100, more at S&P 500 sees further downside, Fed hike likely this year, China rate cut undermines the currency further | TipTV.co.uk
  13. First Black Monday, now Woeful Wednesday? Neil Mackinnon – Chief macro strategist at VTB Capital – joined Mike Ingram and Zak Mir in the Tip TV studio to discuss what powers the major central banks have to turn the markets around again. Uncertainty over possible second down leg The warning signs have been evident for a while, says Mackinnon, as ongoing market pressure in China, speculation over a Fed rate hike, and oil prices looking for a bottom have culminated in Monday’s flash crash. However the overall bearish outlook for the markets still persists, and with major banks having exhausted almost all monetary options, there is little that can be done to break this cycle. See more at: First Black Monday, now Woeful Wednesday? | TipTV.co.uk
  14. Oil Outlook: Brent $40 floor, $35 written all over WTI Crude Chris ‘oil’ Williams, City Investor and City Financial Writer, joined Zak Mir and Mike Ingram, to discuss his views on the current oil market and his future predictions. The supply side: Saudi Arabia trying to blow everyone out the water Williams noted the situation surrounding Saudi Arabia, with the conclusion that its economy can’t maintain this looking forward, and that with it facing a budget deficit of 20% of its GDP, it cannot continue on the course of lower prices for much longer. In contrast, he added how OPEC countries are decreasing their production as a result of maintenance or political issues, with Venezuela facing the second type of problem. When concerning Iran, it will be opening up at the end of the year, but Williams believes that the market has already priced this in. US shale forecast shows a reduction from 9.6 to 9 million barrels a day, with the majority of shale being hedged about $70-80 a barrel. However, he also commented that with hedges coming off in September-October time, production will have to stop or be significantly reduced. Brent breaks $45 level, WTI to $35, and BP offering 7.2% yields Williams began by outlining the situation with Brent Crude, with his opinion judging this down to $40, which was a 2009 low, after breaking the $45 level. In terms of WTI Crude, he highlighted how the $35 level is written all over it. Watch the video for the technical outlook of oil stocks. See more at: Oil Outlook: Brent $40 floor, $35 written all over WTI Crude | TipTV.co.uk
  15. Zak Mir and Bill Hubard, were joined by Ben Gutteridge, Head of Fund Research at Brewin Dolphin, to discuss the outlook for the current global economy. People looking for higher quality growth stocks Gutteridge noted that there is a volume issue over the summer, but people aren’t in a value mind-set, the majority still want to attach themselves to higher quality growth stocks. Mir added that mid-cap stocks doing well such as Dominos or Just Eat. Emerging markets causing global problems Gutteridge outlined there is a need for caution within the UK economy which is heavily exposed to emerging economies, despite the UK doing well data wise. In terms of the equity market, he outlined that emerging markets and the commodity downward wave mean equities remain exposed, but not all fundamentals are negative. Gutteridge continued onto the US, where he believes the Fed will still move this year for a rate hike despite the situation in emerging markets, supported by the FOMC minutes. He added that when interest rates do go up, the first few hikes won’t see a change in bank accounts, just loan interest. ECB receive first payment from Greece, whilst EUR/USD not aiding exports in Europe Gutteridge highlighted the Greek situation, where the ECB have received the first payment today, and now he believes he can focus on other European fundamentals. However, he recognised that Greece isn’t on a path of debt sustainability. He moved on to the EURUSD, which at its current levels isn’t aiding exports, and despite being good for Germany, Gutteridge noted the lower level of competitiveness for peripheral European nations, with also the possibility of the Euro going lower. ECB monetary policy not getting tighter any time soon Gutteridge commented that it will not get tighter quickly, but we are seeing signs of improvement, such as Spain’s retail sales increasing and higher employment across the whole of Europe. Mir questioned this, who expects the ECB to come up with QE mark 2. To finish, he outlined that banks will have to move away from moderate lending to a more aggressive stance. - See more at: Monetary policy not tightening in the near future, QE mark 2 in Europe possible? | TipTV.co.uk
  16. Following yesterday’s release of the FOMC minutes, Marc Ostwald – Market strategist at ADM Investor Services – joined Zak Mir and Bil Hubard in the Tip TV studio to discuss the likelihood of an interest rate hike in the US and the UK, as well as what’s going on in the markets. Have the equity markets braced for a rate hike? Views are somewhat negative in the US equities market, as they see a sideways churn. However Marc Ostwald believes this is a bullish sign, and that players in the stock market are preparing themselves for the possibility of a rate hike occurring in September. With equities continuing to be the most attractive prospect for investors, there’s no rush to sell as other markets are proving exceptionally reactive to incoming data. The need for differentiation Akin to the sentiments from recent news, with markets becoming more dynamic we’re likely to see a separation between the smarter investors. Ostwald believes differentiation will be key in deciding where to invest, as industries across the board struggle, but specific opportunities still present themselves as a result of micro-specific factors. - See more at: Wall street ready for the Federal Reserve rate hike? | TipTV.co.uk
  17. ECB receive first payment from Greece, whilst EUR/USD not aiding exports in Europe Gutteridge highlighted the Greek situation, where the ECB have received the first payment today, and now he believes he can focus on other European fundamentals. However, he recognised that Greece isn’t on a path of debt sustainability. He moved on to the EURUSD, which at its current levels isn’t aiding exports, and despite being good for Germany, Gutteridge noted the lower level of competitiveness for peripheral European nations, with also the possibility of the Euro going lower. ECB monetary policy not getting tighter any time soon Gutteridge commented that it will not get tighter quickly, but we are seeing signs of improvement, such as Spain’s retail sales increasing and higher employment across the whole of Europe. Mir questioned this, who expects the ECB to come up with QE mark 2. To finish, he outlined that banks will have to move away from moderate lending to a more aggressive stance. - See more at: Monetary policy not tightening in the near future, QE mark 2 in Europe possible? | TipTV.co.uk
  18. China needs a plan B, Fed rate hike remains data dependent Nick “Moose” Batsford, CEO of Tip TV, opened the Tip TV Finance show today on Tuesday 18th August, alongside technical analyst Zak Mir from ShareProphets.com and chief market analyst from eToro James Hughes, to discuss the main headlines including China and rates. China to cause problems for the Fed and for oil Mir highlighted the People’s Bank of China, where he questioned the structure and effectiveness, with only one banker on the policy committee. This led to Hughes’ comment that China is a main issue for the Fed, along with oil, and he reinforces his belief of a 2016 rate hike. He continued that China will also have an effect on oil, with their demand falling with the weakening economy, whilst Mir finished the section by noting that China needs to come up with a plan B. The New York area Empire Manufacturing Survey Batsford outlined that the survey had slumped to minus 14.92 in August from a positive 3.86 in July, which was also the lowest reading since March 2009. With Ms Yellen having informed us the US rate hike would be data dependent, Batsford could therefore comment that the rate hike could be put on hold with this data, depending on this week’s release of the US CPI and FOMC minutes. Gold and the FTSE 100 Mir noted that gold is looking a little better with China reminding people that currencies aren’t as reliable, and thus we saw gold rally to March support. When concerning the FTSE 100, Mir commented that the 6515 support area looks like it is holding, but he adds to wait for the range to break, whilst Hughes mentioned that the FTSE 100 is grim, with the potential to be very grim. See more at: China needs a plan B, Fed rate hike remains data dependent | TipTV.co.uk
  19. Oil prices continue to take hits from multi-factor market pressures, S&P 500 to break lower? With crude oil’s growing supply-side dominance, and US equities continuing on a near-historical run, Darren Sinden – Market Commentator for Admiral Markets – joined Zak Mir and James Hughes in the Tip TV studio to discuss if either of these are coming to an end. Oil and fracking playing a dangerous game of chicken West Texas Intermediate (NYSE: WTI) crude prices are down 20.2% over the past year, but with production being cranked up, and OPEC reaching a 3 year production spike, Darren Sinden believes that oil prices could challenge as low as $25 dollars a barrel in the near future. As fracking starts to challenge the dominant fossil fuel, the response from oil-dependent countries has been an attempt to price them out of the competition, and compensate for overall losses. S&P 500 hinting at a break in trend? While US equities are on a bull-run lasting 2354 days (the 3rd longest run in history), several predictive measures that Sinden highlights are starting to show cracks in the climb. In particular, the percent of stocks from the S&P 500 that are involved in the bull-run has been declining since late 2013. Despite people paying into US indices as a “safe bet”, there’s uncertainty over where the equity market will go next. See more at: Oil prices continue to take hits from multi-factor market pressures, S&P 500 to break lower? | TipTV.co.uk
  20. Will the FOMC Minutes be the catalyst for a USD/JPY move higher? Wilson Leung, Director, Trendsetter FX, joined Tip TV to offer the technical outlook for USD/JPY and GBP/USD. USD/JPY – Will the dollar bulls return? Leung believes that the US FOMC Minutes to be released ahead might be the catalyst dollar bulls await. He further maintains a buy on dips approach on the pair, suggesting to buy any weakness towards the 124.00 area, but maintains a stop loss at 123.00 Leung believes that USD/JPY will have to stage a break of its yearly highs at 125.86 for the dollar bulls to be back in control. See more at: Will the FOMC Minutes be the catalyst for a USD/JPY move higher? | TipTV.co.uk
  21. Mir noted that gold is looking a little better with China reminding people that currencies aren’t as reliable, and thus we saw gold rally to March support. See more at:
  22. China devaluation to cause uncertainty in policy, whilst USD to be unsettled by rate hike Kathleen Brooks, Research Director for City Index, joined Nick Batsford and Richard Hunter at Tip TV to discuss the China devaluation, the USD, the US rate hike, oil and equities. China devaluation not great for China Brooks began by noting that she didn’t expect the China devaluation, before adding that the devaluation is unlikely to boost anything. She commented that it is likely to lead to a huge amount of capital outflow, which is good for the UK property market, and also brings about uncertainty in policy. USD doesn’t move with interest cycles as you would expect With the FOMC minutes being released on Wednesday, and being one month away from the FOMC meeting, Brooks noted that whenever there has been a tightening cycle the USD has actually fallen over the last 30 years. The USD is also unlikely to be unsettled by the rate hike, with Brooks commenting that the Fed will urge on the side of caution and thus she will be surprised if the hike occurs in September. Not a buyer for choice on oil The situation doesn’t feel right concerning oil, according to Brooks. She noted that there is too much supply, with Iran producing at the highest level for the last 6 years, whilst China’s demand likely to fall further with its weakening economy. Brooks also continued that oil will remain in a tight range for the next while. Good environment for equities Brooks finished by expressing that equities are in a good environment, with low inflation, interest rates and oil prices, meaning firms still have pricing power. However, she does outline a warning over big blue chips in the near future, including large oil companies and heavy exporters to China like BMW, and instead focus on smaller companies in areas such as Spain. See more at: China devaluation to cause uncertainty in policy, whilst USD to be unsettled by rate hike | TipTV.co.uk
  23. Sterling on the rise? The GBPUSD is generating more interest this week, as the price enters a very narrow band that Chambers speculates could mean an imminent break that could go a long way. The belief is that it will rise, but Chambers recommends erring on the side of caution until a clean break is established. See more at: GBP/USD: Will the Sterling break strong against the Dollar? | TipTV.co.uk
  24. USD/JPY: Lower consolidation likely, but buy the dips Woodcock sees upside room for USD/JPY, both technically and fundamentally. With the pair struggling to take 125.00, the current levels offer a nice opportunity for a pullback. A lower consolidation is expected in the pair, but Woodcock suggests to buy on any dips. He further believes that even a pullback to 115.00 levels won’t spell disaster for the cross. See more at: EUR/GBP guiding the Sterling, USD/JPY remains a buy on dips | TipTV.co.uk
  25. GBP/USD: Will remain guided by EUR/GBP moves Woodcock notes that GBP/USD remains in its range, and the rally in the past two trading days was as a result of moves in EUR/GBP after having traded heavy over the last week. GBP/USD is going nowhere and lacks any momentum, the pair remains well contained, according to Woodcock. He further says that the pair will remain reactive to EUR/GBP moves than any UK events. See more at: EUR/GBP guiding the Sterling, USD/JPY remains a buy on dips | TipTV.co.uk
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