Despite overall strength for the US dollar in early March during the ongoing conflict in the Gulf, cable’s losses have been relatively limited compared to various other majors against the dollar. Participants slashed the likelihood of the Bank of England (BoE) cutting rates this month to only about 20% from around 80% in late February, but the Fed is still fairly likely to cut at least once by the end of the third quarter. British political instability has moved out of view for the time being. 6 March’s much weaker NFP gave cable a limited boost amid ongoing high volume, but the lack of clear upward momentum in recent days might suggest that more losses are possible in the next few days. Cable might arguably be a better candidate for selling than euro-dollar given that it’s a lot further above early November’s lows. However, behaviour during the next determined test... Read more

https://www.tradingview.com/x/6HCvfVIH/ US100 SIGNAL Trade Direction: long Entry Level: 24,813.6 Target Level: 25,193.4 Stop Loss: 24,560.1 RISK PROFILE Risk level: medium Suggested risk: 1% Timeframe: 1h Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅... Read more