Classic VPA on GBP/JPY

A classic VPA on 5 min chart of GBP/JPY on the release of NFP today. Huge down candle on light volume, before we saw a switch back higher as market absorbed poor numbers, and likelihood of a September FED hike in interest rates disappear faster than snow in July. The trigger of the volatility indicator (purple arrows) also signaled high probability of a re-trace to within spread of the down candle. Volume simply validated this point. Indeed FED Funds Rate now pricing in a 44% probability of a rise in rates in December which is a re-run of last year's interest rate saga. As of yesterday FED funds showing a 30% probability of a rise in September  ...
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Cable waits on PMI

New trading month sees the usual crop of PMI releases. China has already reported today we have the numbers from Italy, Spain and France as well as the UK. Although UK economy is predominantly services based, the manufacturing number has been managing to hold above the key 50 level. From a technical perspective so far best move for GBP has been against the AUD with cable confined to a relatively tight range. However, we should start to see some movement once the PMI number has been released, and the new week gets under way. Interestingly cable on the daily chart is sitting neatly between the 200 & 100 mas....
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Quantum Trading apps now available on Tradable

Quantum Trading apps now available on Tradable

David and I delighted to announce the range of Quantum Trading indicators and apps are now available on Tradable, and both David and I are excited to be associated with such an innovative and dynamic company. Tradable, available on Windows or Mac OS, has a unique interface which enables traders to download and arrange third party developed apps, providing them with all the information they need in one place to make informed trading decisions – including market charts, news flashes, social trading feeds – as well as powerful execution tools. Traders can utilise a series of applications built by other traders on a similar experience level, or create their own, bespoke tools (apps) inside Tradable. Tradable is an award winning, easy to use platform, aimed at intermediate and experienced traders. For more information, visit www.tradable.com For a free trial of the new Quantum Trading tools, please visit http://quantumtrading.tradable.com/  ...
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