RajDhall

RajDhall

* It will be a long day for EUR traders, as ECB Draghi is down on the slate to speak at Jackson Hole after European hours - 3pm CET. * Ahead of this we have already had the German GDP data for Q2, unrevised at 0.6% qoq and 0.8% yoy. Next up is the IFO survey at 9.00am London time. * EUR gains have been faltering on the upside, so it leaves all to believe...

RajDhall

* A big week for Sterling ahead, as the inflation data tomorrow is followed up by the jobs report on Wednesday and retail sales on Thursday. Arguably, the wage numbers are the standout of the lot, with exchange rate weakness distorting CPI and retail bolstered by seasonal factors. * Over the weekend, Chancellor Hammond and minister Fox both advocated a...

RajDhall

* A strong bid tone has developed since we broke back above 1.2575, and having extended the previous 1.2460 base from last year by some 40 or so ticks, we have struggled to improve on this despite the economic fortunes in Canada have been reflected in the data and resultant policy action by the BoC. * There is however, and once again, the question of how quickly...

RajDhall

Mean value area is made from where price spends the most amount of time. It is suggested that this is the area where traders both buyers and sellers are the most comfortable doing business.

RajDhall

looking at a long term target of 1500p

RajDhall

I think we should hit the 1.618 extension level

RajDhall

Great RNS this morning look out for my price targets! probably go even higher!

RajDhall

The Co. company said it would take a £845m provision due to problems with a string of contracts and was forced to admit it was struggling to stay within its borrowing limits.

RajDhall

13:36 GBP falls back as no 'meat' for the rate hawks today GBP snaps lower to highlight intra day focus on BoE rhetoric - little from Broadbent either, as there was from Haldana earlier - and from here, we expect the positioning to turn to the UK jobs report tomorrow. Markets are look for ex bonus earnings to rise from 1.7% to 1.9%, while the unemployment rate...

RajDhall

Good news from China and strong metals prices of late are backing this up!

RajDhall

Confusion over Fox's takeover going to the CMA in the UK, but sky say there will be no broadcasting interruption or changes

RajDhall

Haldane thinks we need to look at moving rates because of the squeeze on living costs

RajDhall

Looking for more bearish price action moving forward after the latest delays, may see wave lows tested on the daily charts.

RajDhall

China have come out last night to say they will hit their economic goal. This led base metals to trade higher this morning with copper and iron ore both rising.

RajDhall

Downside levels on the chart, but look out for the weekly trendline

RajDhall

looking for a move higher into the most recent mean value area

RajDhall

hes a dove!

RajDhall

look out for support levels in the chart