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postman
@counter_violent are you spending millions buying FTSE futures just to keep your spanking title? 
How tard can it be?
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postman
FTSE touching 7400, GBP hit 1.2440 this morning and is on its way back up again.
I have clearly shown day after day there is no negative correlation between the two.
I have clearly shown day after day there is no negative correlation between the two.
Atilla
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Oooohhhhh yes there is.
You might be overlooking CPI/RPI/HPI numbers released this morning. News makes a difference.
Don't bet on FTSE falling. Read somewhere something about 8000 by end of the year. That should pencil in nicely with further poops in the pound.
BoE may try and talk it up by making noises on interest rates but if inflation touches 3% and starts going higher, markets will celebrate as will the government coz that's their strategy as a few commented on paying off national debt.
Anyhow that's the News and FA. on TA 7410 is PP-R2 for me, where I'm thinking it may take a breather back down to PP-R1 @ 7382.
On FA it doesn't look good for UK consumers who'll be squeezed at both ends. Inflationary pressures and if rates rise, higher mortgage payments. FTSE should be ok though as rest of the World grows and comparative fall in pound makes earnings look good.
Just my tuppence worth.
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postman
Oooohhhhh yes there is.
You might be overlooking CPI/RPI/HPI numbers released this morning. News makes a difference.
...
I think that's the point, 'if' there is some correlation then it is one of a number of factors and its effect is so small it should not be used to influence a trading decision.
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postman
When is ftse going to wake up to the fact Europe will want to move away from London and have a major European exchange, not some offshore Island. Thats going to hit the banks.
Then when there is no conflict between the US and Russia over Syria oil will fall.
Both of those are going to hit her hard.
Then when there is no conflict between the US and Russia over Syria oil will fall.
Both of those are going to hit her hard.
You haven't shown it but today £ not hurting and sometimes the ftse can just be good value.
Could be that £700m a week not going to Brussels
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postman
You haven't shown it but today £ not hurting and sometimes the ftse can just be good value.
Could be that £700m a week not going to Brussels
I hope its going to the NHS like they promised.
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postman
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postman
https://www.dailyfx.com/forex/techn...udies-Say-About-The-FTSE-100-NFP-On-Tap-.html
What Does NOT Influence The FTSE 100?
Correlation with FTSE 100
DAX 30 0.88
S&P 500 0.66
B. Commodity Index 0.56
Crude Oil Brent 0.49
U.S. 2yr Trsy. Yield 0.40
U.K. 10yr Yield 0.35
U.K. 2yr Yield 0.15
GBP/USD -0.07
Gold -0.16
EURGBP -0.43
EURUSD -0.44
Can anyone produce EVIDENCE, FACTS, DATA to support the claim the FTSE is negatively correlated to the pound!
What Does NOT Influence The FTSE 100?
Correlation with FTSE 100
DAX 30 0.88
S&P 500 0.66
B. Commodity Index 0.56
Crude Oil Brent 0.49
U.S. 2yr Trsy. Yield 0.40
U.K. 10yr Yield 0.35
U.K. 2yr Yield 0.15
GBP/USD -0.07
Gold -0.16
EURGBP -0.43
EURUSD -0.44
Can anyone produce EVIDENCE, FACTS, DATA to support the claim the FTSE is negatively correlated to the pound!
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postman
If I sound but-hurt and salty its because I'm but-hurt and salty
Sorry guys. :clover:
Sorry guys. :clover:
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postman
Just my opinion (and a few sources).
This is whats powering the ftse.
https://www.ft.com/content/6caffe70-bac3-11e5-b151-8e15c9a029fb
This is whats powering the ftse.
https://www.ft.com/content/6caffe70-bac3-11e5-b151-8e15c9a029fb
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Try this.
Looks like it might stop you moaning at last.
https://www.google.com/finance?chdn...RENCY:GBPUSD&ntsp=0&ei=CdHsWNmCO5bDswH7w6KIAQ
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postman
If I sound but-hurt and salty its because I'm but-hurt and salty
Sorry guys. :clover:
You sound like me when I am trying my King Canute trades...
We all can get a bit entrenched at times
You think market should fall, it doesn't. You think market should be flat, it goes up.
Maybe time to let go and realise this is not going your way and either join in or opt out.
Now I could mention.....
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postman
Try this.
Looks like it might stop you moaning at last.
Hey, I set up my own Grumpy Old Man thread, I've earned the right to moan, you cant take that away from me.
Just had a look at your link and it shows pound unchaged against the dollar "1 GBP = 1.2431 USD +0.00070 (0.056%)" and yet FTSE is up 0.69%
You've just proved yourself wrong
Hey, I set up my own Grumpy Old Man thread, I've earned the right to moan, you cant take that away from me.
Just had a look at your link and it shows pound unchaged against the dollar "1 GBP = 1.2431 USD +0.00070 (0.056%)" and yet FTSE is up 0.69%
You've just proved yourself wrong
No I have FTSE £/$ £/€ back till June and they are in inverse correlation
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postman
Brent has topped out at 56.28, just sayin'.
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postman
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postman
Oooohhhhh yes there is.
...
Anyhow that's the News and FA. on TA 7410 is PP-R2 for me, where I'm thinking it may take a breather back down to PP-R1 @ 7382.
..
Just my tuppence worth.
Think ftse is desperate just to touch that level for some reason, what happens then who knows.
She's absolutely not interested in what the dow or dax is doing, is it a stop run?
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postman
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