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#Gold With regard Formula1, it appears April has been cancelled, making us suspect the month perhaps used the wrong pronouns or misgendered an important calendar date. But as far as the rest of the world is concerned, Aprils Bahrain and Saudi Arabian Grand Prix are now cancelled due to local events, leaving a conflict sized hole in this years schedule and giving teams plenty of time to enjoy chocolate Easter Eggs with their families. Of course, it’s easy to be flippant about what’s happening in the Middle East as it doesn’t affect is in the UK, a merciful lack of rockets every night meaning we can all sleep easy.<\/p>\n
Until, that is, you pull up at a fuel pump! Buying my parsimonious VW’s monthly ration of 20 litres of diesel, the local garage was charging 170.9p per litre. Or in language readers will comprehend, nearly 2 Taylor Wimpey shares a litre or even 13 Tullow Oil shares a litre. This makes things become serious, especially for someone whose only real world experience of armed conflict came from a Saturday night in Belfast during “The Troubles”. It was a scary experience, being around a lot of blokes with guns – and they were the British Army guys. On another occasion, our first night in Johannesburg proved fascinating, the sound of fireworks continuing incessantly. We even stood on the balcony, searching the night sky, coming to the conclusion the fireworks display was probably on the other side of the hotel. The next morning at breakfast, we asked the obvious question, only to be told we’d been listening to gunfire.<\/p>\n
The world is a strange place.<\/p>\n
Currently, one of the great puzzles is why the US Dollar appears to be strengthening against other currencies. What’s odd is the pairing appeared ready to head upward until the end of January this year saw a sharp pivot in the dollars fortunes. Abruptly, the idea of everyone going to Disney Florida changed!<\/p>\n
Now, if the dollar continues to flex its illusory muscles, a visit to the summer traffic hell of Cornwall will probably make more economic sense than trying to escape the UK.<\/p>\n
The current situation for Cable looks poised on the edge of darkness with movement below 1.32188 looking very capable of triggering reversal to an initial 1.31224 with our secondary, if broken, down at 1.28625. If triggered, the tightest stop loss level looks like 1.32800.<\/p>\n
In this instance, we suspect the US Dollar strength shall prove a mirage, one which the market shall doubtless vanish with a flick of the “gotcha switch” as movement above 1.3483 has the potential of triggering improvement to an initial 1.3633 with our secondary, if bettered, at 1.3896.<\/p>\n
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