FTSE Fears UK Budget
FTSE-100 outlook looks increasingly shaky as the index is dragged by broadening UK concerns (tomorrows budget, unemployment, GDP and retail sales). Recall that FTSE-100 rose 20% from its March lows compared to 31% and 27% for the S&P500 and the Dow. Prolonged losses seen targeting 3,875 as early as today , which is the target from the current Head&Shoulder formation as well as the 38% retracement of the rally from the March lows to the April highs. Index attempts holding above 3,900 (55-day MA), but prolonged losses may intensify ahead of tomorrows event risk.
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تفسير مراحل الذهب
Mar 17, 2023 21:28 | by Ashraf Laidi.
Thank you for your last recommendations about GBP/USD . Please , could you tell me what i should do to become professional ? .
Taha
Ashraf
Thanks for the info!!
Cappy
Cappy, thanks. $1.4360 is key. Then $1.4105. Note how we failed to break above $1.47 in late NY trade.
Ashraf
Thanks for all of your postings. I have been able to understand fundamentals alot better now that I have been reading your IMT daily and see how important they are in trading the forex. I really like that you take the time to communicate with traders about your analysis too.
I would be in favor too, of your offering your Currency course online.
Roughly how far down to you think the GDP/USD will drop with all these bad reports coming out?
Thanks!!
EURUSD and USDJPY still unable to break above 1.3 and 99,00
Ashraf
I went back to your most recent article on Carry Trades in FX/Equities - based on the bottom chart (FTSE-100) can we assume that EUR/USD, GBP/USD and S&P 500 will all follow suit and drop along with the FTSE listed in this hot-chart? Also, is there a lag-time you know of for the tracking of all of these pairs and indexes - similar to the chart on EUR/USD and Oil you posted several weeks ago. Thanks a lot. I'm still shorting GBP/USD as per your IMT's and this chart - thanks a lot.
Silver & Gold are facing some resistance. whats the short term risk and where would be a good stopp loss point? Thanks.