The pound is up again, it rebounded sharply yesterday and this morning it’s just below 1.40 level to the dollar. Honestly, this is the biggest mystery I don’t understand. With all the bad data that came in recently it should be on its knees but instead it’s ready to jump time after time for no reason. It also looks like the markets has become completely immune to any bad news regarding Brexit. I actually sold the pound against euro this morning to just give it one more try to make some money off it. So far most of my trades involving the cable were negative.
On the other note I’m starting to consider whether I had a bias favoring US dollar. I look at the charts and it makes sense to me to buy dollar, yet is seams way too often that my trades end up in red. So, this early morning my balance picked for the second time above 800K for a few minutes only to quickly lose all the gains when dollar dumping happened at London opening.
On the other note I’m starting to consider whether I had a bias favoring US dollar. I look at the charts and it makes sense to me to buy dollar, yet is seams way too often that my trades end up in red. So, this early morning my balance picked for the second time above 800K for a few minutes only to quickly lose all the gains when dollar dumping happened at London opening.
