Just arrived back to my trading desk after a full-day meeting. And the story right now:
The dollar slipped back after a raft of disappointing US economic data raised questions about how many more interest rate hikes the US Federal Reserve will deliver in the coming months.
[Continue reading the story]
The news has consequently put my sterling position (which I have commented yesterday) into a massive 139 points profit. Profit booked and hence I am in relief that I got both the fundamentals and technical right by foreseeing a stronger pound (although it's the dollar than weakens) and observing a breakout on the daily chart.
1 comment:
I love you blog, LLoyd. I read it every day. it's really grat for us new traders to hear comments on the market from bigger boys.
myself, i've entered long GBP/USD yesterday and got plenty of pips too. have a great day and keep posting!
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