Brexit huh...

While it sure is dragging on, the right headlines are certainly still highly market sensitive as Cable tries to position itself appropriately. Markets are definitely still jittery about what a post-Brexit, UK economy looks like.

Cable has been pretty heavy throughout the year, as the prospect of a hard Brexit playing out hasn't exactly been kind to the pair.

But with the DXY going through support, anything Brexit positive was going to cause the market to rip and that's exactly what we got.

EU negotiator Michel Barnier said he was willing to offer the U.K. "a trade deal that has never been offered before".

Cute huh.

This was of course the piece of good news that the markets chose to pounce on and boy did Cable rip:

I've been talking about playing the majors from the short side and I'm pretty happy I chose the Aussie right now!

Take a look at the price action around the 'x' that would have got plenty of shorts interested before the boom.

Yuck.

Well that's the game we're in I guess. So...

Best of probabilities to you.

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@danewilliams | Steemit Blog

Market Analysis

Twitter: @danewilliamsau