Recap As expected the 3 pushes up led to a selloff below Y-1. Instead of falling further, cable consolidated in range. Closed the week above midpoint.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
Lawrence's Comment
Recap
Pullback to support zone mentioned last week. That held up well and sent ES striaght up to Y+1. FOMC announcement induced volatility and ended up resolving to the upside. ...
Lawrence's Comment
Recap
As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint ...
Lawrence's Comment
Recap
Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged ...
GBPUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
As expected the 3 pushes up led to a selloff below Y-1. Instead of falling further, cable consolidated in range. Closed the week above midpoint.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
Share