Cable Update (GBPUSD)

Looking for a positive close of this 4 hr candle to 2153 and above otherwise might turn negative..

morning

and so it begins: for the first time germany will auction a 0% bond
1030 gmt ...

who buys a 30 yr bond with 0% interest?????

i think germany is in tjrouble

SELL 2130
38 pip trgt

Yes it does sound crazy but with my limited knowledge of bonds you can make money traded on the bond market

LONDON — U.K. officials will only attend EU meetings with a "significant national interest," Brexit Secretary Steve Barclay announced Tuesday.
Attendance will be reduced by more than half, freeing up officials to work on Brexit preparations and post-Brexit trade opportunities, he said.
Officials will start to withdraw from meetings from September 1, unless the U.K. has an interest in the outcome of discussions, such as security, sovereignty, Brexit, international relations and finance.
"An incredible amount of time and effort goes into EU meetings with attendance just the tip of the iceberg," Barclay said in a statement issued by the Department for Exiting the EU on Tuesday. “From now on we will only go to the meetings that really matter, reducing attendance by over half and saving hundreds of hours. This will free up time for Ministers and their officials to get on with preparing for our departure on October 31 and seizing the opportunities that lie ahead.”
The move comes after Prime Minister Boris Johnson promised to "unshackle" officials from EU meetings in the House of Commons in July. He will attend the October European Council meeting.
The Brexit department said the U.K.'s vote would be delegated in a way that "does not obstruct the ongoing business of the remaining 27 EU members, and a decision about which meetings to attend would be made on a "case by case" basis.
An EU diplomat said the move made clear the British government was determined to go for a no-deal Brexit, although London insists it wants a renegotiated agreement.
“It only underlines the decision of the U.K. government to go for a no-deal. Why otherwise would they pull out their eyes and ears if they were serious about a renegotiation?” the diplomat said.
“It’s a bit childish. They could have just abstained. But I guess this looks better in the Tory tabloids.”


Source : https://www.politico.eu/article/uk-o...m-september-1/

Obviously, you can make money trading on any financial market...IT IS A MARKET!

sure you can trade the bond but its no longer an investment, which has historically ben the reason for bonds.
If you are not getting anything back....why buy it.

somehow i feel the bond market will be the new crisis focus point.

Id love to short the US bond market.

ofcourse
but bonds are usually an investment.
0% is hardly an investment anymore.

""here , take my money for 30 years and then give it back with no profit" :S

You might need to search engine 'why do people buy 0% bonds?'.....

lol yeah
i just thought it would be a nice discussion topic...

here is a good answer: http://genxfinance.com/who-invests-i...ities-and-why/

People buy 0% bond at less price and sell it at high price..most of people make some money using buying bond but they ultimately make no profit if they do not consider time value of money...(time value of money says $10000 of 2019 and $10000 of 2020 isn't equal ...cz future is uncertain and also interest rate and inflation and others factors affected the value)

All Out with short positions.
Switch to long .
45 pips multiple 2.5 $ , very delicious breakfast
Gbpjpy also has perfect entry point at daily pivot 129.040

Well done Moth

Bought 1.213. Target 1.21675, sl 1.21125

Your entries looking good Moty, keep it up.

My view with lots of question marks
Maybe I should have waited for 129.00 to break first. Guess I will see

Well, Norway is actually paying people to take out a mortgage (negative mortgage/interest rate). I haven't looked at a yield curve in years but perhaps the real (after adjusting for expected inflation) interest rate is negative. In which case the 0% coupon bond makes sense.

This is my view .
This is crook's h&s .
The real pattern is spike up , false break , then a retracement discais as h&s , but the direction is up to close the fibo pattern
This is real h&s