The British Pound saw a sharp decline followed
by a hike in interest rates. The remarks made by the Bank of England Governor
Friday morning to the BBC
But what we see is not only part of the picture
and somehow it is a very deceptive part as we will elaborate
As for the pound, we are dealing with a pound
sterling loaded with bricyclettes with extreme rigidity, and it is loaded every
day with more burdens resulting from news that is not digested or
misunderstood. For example, Carney did not add a new one this morning. Stressed
the ability of British banks to absorb the exit even if it is harsh
But part of the decline is due to the
psychological factor of speculators involved in large deals and did not bear
the initial understanding of the statements
And another part of the electronic trading
methods where trading robots start to close, open or enter Hedge transactions
according to the dry data only, which creates a trend that affects the movement
of the market and shows small insignia such as the minute and a quarter minutes
Dollar is also priced higher than its value and
return to the state of its economy in the labor sense literally hurts many
people deal with it even on the dollar index we are in place below the levels
of the 100 magical and needed by the dollar to push gold down below the
critical 1150 levels
As well as pushing the euro to the levels of
the Greek crisis
But the dollar looks to it as strong and gains
while it is down 100
Within the currency basket, we should not
forget that the Chinese yuan, which is part of the global basket, is a
centrally controlled currency that is reduced to meet the Trump tariff,
creating chaos in the markets.
Gold, which should be seen with much accuracy
within important levels on the one hand it indicates that the euro within a
strong range where the euro managed to push the gold to drop compared to the
low levels of 1180
Despite the strength of the dollar, gold did
not collapse, although there is a case of disposing of holdings in favor of
building centers on the indices and stocks according to the view that it has
retreated to improve the jump is the hypothesis that may be tested catastrophic
at any moment and time will be abandoned holdings of stocks and indicators and
the seizure of gold It will push it to 1500 levels in a matter of moments
Those points were found to be better placed
before traders get caught up in unjustified closures or adverse trades
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