Hot Assets

Important news for the day:
Jan 16, 10:15 UK BoE’s Governor Carney speech
Jan 16, 10:30 UK Consumer Price Index (YoY)
Jan 16, 14:30 US Retail Sales (MoM)

As per the recent news events also during the Brexit vote in the UK parliament the big moves in the market had not been
coming. Yet our anticipation was right and overall the Pound was able to strengthen more, despite the defeat of Theresa
May in the government which has not been voting for her plans leaving the EU with a “soft Brexit”.
To avoid a hard Brexit now, which would be coming into effect on the 29th of march, May would now need to ask the EU
for an extension to solve the situation.
As well the public seems asking for a new referendum since time is running out but if this would change the situation is yet
to be seen.

EURGBP: we sold at at 0.8923 with SL at 0.9090 and TP at 0.8500
GBPCHF: we bought at 1.2675 with SL at 12495 and TP at 1.3400
EURAUD: we sold the market again at 1.6040 with SL at now at 1.6000 and TP at 1.5450
US30: we would be selling at 24.260 with SL at 24.800 and open TP

Happy Trading,
Frank

 

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