BoE - not so dovish yet
Fundamentals & Sentiment
GBP:
- Yesterday's remarks from BoE were only slightly dovish: the pound couldn't sustain the decline even against certain hawks like AUD and NZD.
- Solid UK GDP data today
- Core CPI remains the highest among G20.
CHF:
- Rate cut differential
- Sweet spot of 50%>Cut<70% chance of a rate cut at the next meeting (not too priced in, so there's still room for CHF to fall)
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Uptrend
Min target: Resistance around 1.15
Risk: 0.21%
Entry: Market
GBP:
- Yesterday's remarks from BoE were only slightly dovish: the pound couldn't sustain the decline even against certain hawks like AUD and NZD.
- Solid UK GDP data today
- Core CPI remains the highest among G20.
CHF:
- Rate cut differential
- Sweet spot of 50%>Cut<70% chance of a rate cut at the next meeting (not too priced in, so there's still room for CHF to fall)
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Uptrend
Min target: Resistance around 1.15
Risk: 0.21%
Entry: Market
Dagangan aktif:
Doubled the position around 1.1359. I initially took 1/2 normal size, expecting a pullback.
Dagangan ditutup: hentian tercapai