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A potential GBPUSD Setup, 2 weeks before next monetary meeting

Positioning in GBP pairs has been hard since the summer of 2018, as we were approaching the March Brexit deadline. Now that the EU has granted a flexible extension until the end of October 2019, the focus should turn to UK’s economy which is performing decently, instead of the unpredictable comments from politicians, that were […]

..Troika is preparing Greek Plan B, C, & D including parallel currency…?

  Good Morning,   – Euro trade under pressure after reports Troika is preparing Greek Plan B, C, & D including parallel currency. – Asian shares rose as market cheered China’s latest cut to interest rates to bolster its flagging economy. – Later today the Eurogroup of euro zone finance ministers will meet, and Greece’s […]

Asia shares hit 1-year high…

     Good Morning,   – The euro stood at $1.3650-70 level after hitting a three-month trough of $1.3634 on Wednesday. The dollar took some advanced against the euro yesterday, which has been hurt by growing expectations the ECB will ease monetary policy in June and potentially destabilizing European Parliament elections later this week. – […]