Comments on: Pound Sterling at Support, Bounce Likely

By: snp

snp — Fri, 24 Jun 2016 05:33:57 +0000

In reply to Ruben. amazing

By: rsotc

rsotc — Fri, 24 Jun 2016 04:28:22 +0000

In reply to covey. Exactly. Volatility, whether back & forth or a sharp reaction in either direction, was all but assured during the Brexit voting process. For all but the most aggressive & nimble traders, best to wait until the dust settles before re-engaging this market.

By: covey

covey — Fri, 24 Jun 2016 04:03:50 +0000

It’s now below 1.332. This market is too wild for trading – stops can be run with nasty surprises. Play the technicals after the market has settled – lots of opportunities in the days/weeks/months to come.

By: Ruben

Ruben — Fri, 24 Jun 2016 03:17:03 +0000

In reply to rsotc. Yen is going crazy is well it's almost at a par 100

By: rsotc

rsotc — Fri, 24 Jun 2016 03:13:46 +0000

In reply to Ruben. It just overshot by a bit but I think GBP 1.36 is a rare gift. They will step in to prop it up with both fists shortly. All the other CB's that whinned about the risks of the Brexit will also help to support it in order to avoid their ponzi scheme collapsing if the GBP tanks. The current financial system is a powder key just waiting for a spark.. they can't afford it.

By: Art

Art — Fri, 24 Jun 2016 03:10:02 +0000

Equity shorts looking like they may pay in the AM.

By: Ruben

Ruben — Fri, 24 Jun 2016 03:05:32 +0000

Pound is approaching bellow 1.36. Bloomberg just mentioned that the rest of the numbers that will come in will not be enough to stay in. BREXIT is on.