12470 providing decent resistance so far, bulls will need a decent break above it towards yesterday’s highs bears will be looking to nip this itch in the Bud quickly
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Disliked{quote} exelent dump for refill my longs to full positions, adding 2431, target still the same, BE for all 2399Ignored
Disliked12470 providing decent resistance so far, bulls will need a decent break above it towards yesterday’s highs bears will be looking to nip this itch in the Bud quicklyIgnored
Disliked... I don't know why this site is marking the U.s wkly 'initial claims' unemployment data as a red flag now? historically it is not a big market mover 9 times out of 10. Maybe it's because the un-empl rate went up to 3.7% re last NFP etc release? ---------------------------------- ... re discussion y/day...y/day Asian lo was breached but Dly S1 not reached, but Asian hi was also breached and Dly R1 reached. Today Asian hi has been breeched but price has not reached Dly R1 which is near top of this prev 1hr/4hr sw hi zone that extends to y/day's/current...Ignored
Disliked... I don't know why this site is marking the U.s wkly 'initial claims' unemployment data as a red flag now? historically it is not a big market mover 9 times out of 10. Maybe it's because the un-empl rate went up to 3.7% re last NFP etc release? ---------------------------------- ... re discussion y/day...y/day Asian lo was breached but Dly S1 not reached, but Asian hi was also breached and Dly R1 reached. Today Asian hi has been breeched but price has not reached Dly R1 which is near top of this prev 1hr/4hr sw hi zone that extends to y/day's/current...Ignored
Disliked{quote} it now affects the interest rate, so now it is red, when the inflation will cool it will go back to yellowIgnored
Disliked{quote} Yeh, but employment/unemployment levels (along with other considerations/data) always did affect the Fed's Fomc's decisions re rates...nothing new there, although admittedly the stage that the economy is at re the total current economic cycle, means that more or less weight is given to individual data inputs, to those rate decisions. In the Uk the Boe's Mpc is only officially targeted on inflation/price stability but doubtless consider employment levels as well as other things in their decision-making re rates. No point having target inflation...Ignored
Disliked{quote} Put another way, employment levels don't necessarily impact price (the FED's greatest concern) but employment which the FED is supposed to consider when making their rate decisions is also a sign of economic growth or contraction. Higher unemployment is supposedly not a key driver but it could delay hikes or reductions.Ignored
Disliked{quote} Hi, try telling that to a town whose main employer, say a car factory has just closed down...see the demand fall away and the prices fall, before the supply falls away too (ie businesses shut.) Employment has a direct effect on demand, and in turn, supply to satisfy whatever level of demand there is.Ignored