done for today..stay away from fomc..will return tommorow at asian..
wish you all get luck guys
wish you all get luck guys
5
Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
Dislikeddone for today..stay away from fomc..will return tommorow at asian.. wish you all get luck guys {image}Ignored
Disliked{quote} I dont think so. #1 CPI is at 5.0% and If Fed hike today, we will be at 5.25%. We dont not need an Interest rate > CPI Rate to tame the CPI Rate. #2 Rate hike today met Dec 2022 FOMC Members Peak projection of 5.2% at May 2023 FOMC meeting. More likely we are getting a Peak.Ignored
Disliked{quote} The FED has been saying that it can drive inflation down to 2% with higher interest rates. When inflation results from economic growth or economic stimulation, raising rates moves resources from growth etc to take the pressure off inflation. In this case, the inflation is the result of increasing the money supply. The FED hasn't done anything to reduce the money supply. So raising rates in this environment hurts the economy. It's pretty simple. Job creation is down, and unemployment is up. As long as the current useless twits are...Ignored
DislikedI’SM services up a little than expected. 12550 not on cards before FOMC it seemsIgnored
Disliked{quote} Lol just cos you've mentioned it I can imagine the market would wanna dare you and kiss that level - just to prove it knows best. I'm reloading shorts now though!Ignored
DislikedI swear I chose the wrong pair to trade today. UJ is fcked up. I'm getting whipsaw-ed the whole day. Seemingly area of interest for buy, once I entered it plunge. And likewise for the opposite. God damn it. Market took me out then reverse, took me out then reverse.Ignored
Disliked{quote} Better to trade one pair, Mate. UJ is a good pair to trade. Most moves are very disciplined. Though, patience is a must with UJ. Cheers, Mate!Ignored
DislikedI think we see hawkish statement or at least the" No cuts this year" statement again...even though it's been said already and market still pricing in rate cuts.Is that enough to go lower?Ignored
DislikedI swear I chose the wrong pair to trade today. UJ is fcked up. I'm getting whipsaw-ed the whole day. Seemingly area of interest for buy, once I entered it plunge. And likewise for the opposite. God damn it. Market took me out then reverse, took me out then reverse.Ignored