Disliked{quote} For your explanation to apply they should have been expecting an even higher rate increase and received a lower rate increase. The data doesn't support this.Ignored
Master your mind. Master Trading.
Why is GBPUSD called cable? 70 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
Disliked{quote} For your explanation to apply they should have been expecting an even higher rate increase and received a lower rate increase. The data doesn't support this.Ignored
Disliked{quote} yes I agree the data does not support it. They did not mention that rates have peaked but have made it clear that in the coming months inflation should subdue . They hinted towards slowing down the tightening despite a risk of European recession. This is overall a bearish sentiment for eur even with elevated ratesIgnored
Disliked{quote} Fardeen, your explanation above makes sense. Now with an unexpected rate increase, if the market reacted to the rate increase in a rational manner the price of the EU should have risen. It fell hard. Higher rates typically curb inflation and attract savings instead of lending to support economic expansion as you pointed out. Higher rates tend to strengthen the currency. This is the whole reason that the FED is so bent out of shape about 2% inflation when they double the deficit!Ignored
Disliked{quote} actually today I re-entered short in the right shoulder zone, but it was hidden #late post causesIgnored
Disliked{quote} If the economy is already slowing, raising rates accelerates the slowing hurting the economy unnecessarily. The EU team is every bit as bright as the FED!Ignored
Disliked{quote} Fardeen, your explanation above makes sense. Now with an unexpected rate increase, if the market reacted to the rate increase in a rational manner the price of the EU should have risen. It fell hard. Higher rates typically curb inflation and attract savings instead of lending to support economic expansion as you pointed out. Higher rates tend to strengthen the currency. This is the whole reason that the FED is so bent out of shape about 2% inflation when they double the deficit!Ignored
Disliked{quote} EU needs to get above green dotted resistance line ... keeps toying with it{image}
Ignored
Disliked{quote} i need zoom with you. i want to learn more u make magic callsIgnored
Disliked{quote} and you will not find that technique on the google or internet "underground head and shoulders / quasimodo"Ignored