Hello All!

As you would have guessed that I’m a technical trader, but I could not stop myself from posting the critical events that happened the past week causing this frenzy. As the quote from our respected blogger goes, “For a trader, it is important to keep abreast with the latest financial and market news” ;)

Critical Events last week

First the Fed meeting regarding the changes in its interest rates, second is the conclusion of the referendum on independence in Scotland, UK, and third being the news of the fall in UK’s inflation.

So now what? There are no big changes with current Fed interest rates, the United Kingdom is remaining united, and its inflation drop is as everyone has predicted. It’s time to get back into the charts then!

The Cable (GBPUSD pair)

gbpusd

From what you see above as a continuation of my previous update last month, The Cable has rode over the corrective waves abc where …