The Bank of England and European Central Bank will deliver their latest monetary policy decisions on Thursday.
No change is expected from either, but it should still mean that sterling and the euro come, at least briefly, into sharper focus.
It’s the single currency that has been doing better of late, boosted by the ECB’s implicit bond backstop and subsequent easing of eurozone tensions.
In July, it cost less than 78p to buy one euro. Now it’s more than 81p. (more…)
First, I would like to point out that the four stages are not a concept I came up with. I learned of the four stages of; 1-Accumulation, 2- Markup, 3- Distribution and 4-Decline in Stan Weinstein’s excellent book “Secrets for Profiting in Bull and Bear Markets”. Briefly, accumulation is the process of buyers gaining control after a bearish trend, markup is the bullish phase represented by higher highs and higher lows, distribution is the process of sellers gaining control after the markup phase and decline is the bearish phase which is represented by lower highs and lower lows.
