There is no question that fundamentals control the market. I am interested in knowing my peers opinion on what they feel they would need to see fundamentally in this market climate to see this 4HR Gartley complete.
In my most drawn out opinion, (pun initiated and intended), coming off of BREXIT the decision and the details of that being drawn out I only see downside technically for the EUR, ultimately strengthening the dollar further relative to that aspect. But fundamentally Britain in the eurozone was a united front. A stand of solidarity so to speak and that alone proves politics under such extreme circumstance can control fundamentals. So with the details being worked out, If BREXIT turns out to mean no unauthorized person shall enter Britain, then the hoopla was for nil and movement in the currency market may return to pre BREXIT ebb and flow.
With that bit of context Brexit is not a immediate factor in this current short term climate. Naturally PPI, GDP, CPI, Jobs Reports, Real Estate Market numbers, Monetary policy meeting minutes, to name a few all are under close watch, globally, leading into the next Monetary policy meeting run.
SO putting the market climate into perspective the technical being a Gartley pattern completion around the 1.0945-1.0938 zone, one would believe the fundamentals shall not lead the market astray into the abyss of unpredictable madness.
Anyway drop a comment, leave a like, share, subscribe. Be aware Traders :)
In my most drawn out opinion, (pun initiated and intended), coming off of BREXIT the decision and the details of that being drawn out I only see downside technically for the EUR, ultimately strengthening the dollar further relative to that aspect. But fundamentally Britain in the eurozone was a united front. A stand of solidarity so to speak and that alone proves politics under such extreme circumstance can control fundamentals. So with the details being worked out, If BREXIT turns out to mean no unauthorized person shall enter Britain, then the hoopla was for nil and movement in the currency market may return to pre BREXIT ebb and flow.
With that bit of context Brexit is not a immediate factor in this current short term climate. Naturally PPI, GDP, CPI, Jobs Reports, Real Estate Market numbers, Monetary policy meeting minutes, to name a few all are under close watch, globally, leading into the next Monetary policy meeting run.
SO putting the market climate into perspective the technical being a Gartley pattern completion around the 1.0945-1.0938 zone, one would believe the fundamentals shall not lead the market astray into the abyss of unpredictable madness.
Anyway drop a comment, leave a like, share, subscribe. Be aware Traders :)