C.O.B.R.A. System Sell Alert: Sell Your Position In FXB Calls

FXB has been weak since our trade entry. Sentiment toward the U.K. economy turned lower in late September amid press reports about skyrocketing local energy prices. Also, a hawkish announcement by the Fed next week could put upward pressure on the U.S. dollar side of the GBP/USD cross-rate. So, we can minimize a loss by selling now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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