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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

hey guys
i say its a buy until 1.3029
Weekly R's around there.
in wondering about yourself, you forgot what you came here to be part of
Quoting Ra.
{quote} This is what I don't get.... Brexit votes leave....GBP sterling crashes. Another election to keep BoJo and everyone's saying that it will "Shoot to the moon"...(starting to sound like BTC forums).... Statistically, we will see a pullback on runs like these......
what if there is simply no causal relationship ?

what i dont get is how the FED can pump another 98 billlion into the markets to stabalize liquidity and it has no effect at all on the currency....
in wondering about yourself, you forgot what you came here to be part of
Don't miss this overview
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Oleg Alexandrov, market analyst. Find me in Google
will test 1.292XX
Quoting knkie
{quote} what if there is simply no causal relationship ? what i dont get is how the FED can pump another 98 billlion into the markets to stabalize liquidity and it has no effect at all on the currency....
If there is no relation then i'm wrong lol. But when money is involved...information is king and I could see brokers cashing in on this too...and colluding going on in a massive scale. Forex is no different from any other pump and dump...but that's just my opinion and I could be wrong.

With the FED question... though they might pump it in... they said it was for buffering overnight repo rates no? That could legitimately be what it's for...as they're seeing more volatility which I think has to do with corporate debt... and i'd imagine it's more towards stocks than currency (Edit: the hot money injection into the economy). I'm still pretty juvenile in my understanding of markets though, and am not touting "this IS the right answer" by any means....

Just musings.
2900 and 2920 and 2930 has no meaning, targets have nothing to do.

If some one is shorting, here may be 2920/30 or even 35 must be stop
Intraday only.
my stop is 2904 though, however if the PA takes stop, I will again short around 2920
Intraday only.
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Quoting knkie
{quote} what if there is simply no causal relationship ? what i dont get is how the FED can pump another 98 billlion into the markets to stabalize liquidity and it has no effect at all on the currency....
knkie, read up on Open Market Operations and how the FED uses that process to manage the supply and demand flow of money. It's more aimed at keeping US banks and their lending/borrowing in check over year-end.

Guz
Charts don't drive price, market conditions drive price...
Quoting Guztro
{quote} knkie, read up on Open Market Operations and how the FED uses that process to manage the supply and demand flow of money. It's more aimed at keeping US banks and their lending/borrowing in check over year-end. Guz
From my understanding in Japan....when they did theirs...a majority of that money just sits in reserve as a buffer...
Quoting Guztro
{quote} knkie, read up on Open Market Operations and how the FED uses that process to manage the supply and demand flow of money. It's more aimed at keeping US banks and their lending/borrowing in check over year-end. Guz
Also, do you think this will affect the overall interest rate? If it doesn't...what does that tell you about the state of the economy.... If you see QE...on a large scale...I'd imagine interest rates would drop to spur economic growth no? In this case...is 98 Bil meant to help lower interest rates further or strictly to keep the Repo rates from jumping..
Quoting navk
2900 and 2920 and 2930 has no meaning, targets have nothing to do. If some one is shorting, here may be 2920/30 or even 35 must be stop
It doesn't matter two hoots what the news is … The charts are never wrong, it is pointless and futile to try and second guess what it may or may not do.

It is bullish until it becomes bearish.
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Quoting Nala66
{quote} It doesn't matter two hoots what the news is … The charts are never wrong, it is pointless and futile to try and second guess what it may or may not do. It is bullish until it becomes bearish. {image}
yeah it is bullish but meeting with resistance here
Intraday only.
Quoting Nala66
{quote} It doesn't matter two hoots what the news is … The charts are never wrong, it is pointless and futile to try and second guess what it may or may not do. It is bullish until it becomes bearish. {image}
may be 3011/15
Intraday only.
Green pips to all
Quoting greengp
{quote} these is going to be another thread man

i need range to play up or down
Quoting Ra.
{quote} Also, do you think this will affect the overall interest rate? If it doesn't...what does that tell you about the state of the economy.... If you see QE...on a large scale...I'd imagine interest rates would drop to spur economic growth no? In this case...is 98 Bil meant to help lower interest rates further or strictly to keep the Repo rates from jumping..
No, the FEDS will use open market purchasing to produce the target federal funds rate they set in policy. In this instance, $72 billion was overnight repurchase agreements (normally valid for 48 hours) and the rest was 42 day repurchase agreements.

Why this won't stir much? The injections caters to primary dealers/ high-credit banks approved to purchase directly from the central bank. Jo soap with his small banking operation has to carry his own risk. Generally the FEDS are happier if large banks has enough reserves than run into liquidity issues. Hence to your earlier comment why more often than not the process results in reserves.

Guz
Charts don't drive price, market conditions drive price...
#GBPUSD / H4 / Bullish Idea
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Quoting Nala66
{quote} It doesn't matter two hoots what the news is … The charts are never wrong, it is pointless and futile to try and second guess what it may or may not do. It is bullish until it becomes bearish. {image}
I don't monitor charts...I monitor market conditions.

Guz
Charts don't drive price, market conditions drive price...
Quoting Ra.
{quote} If there is no relation then i'm wrong lol. But when money is involved...information is king and I could see brokers cashing in on this too...and colluding going on in a massive scale. Forex is no different from any other pump and dump...but that's just my opinion and I could be wrong. With the FED question... though they might pump it in... they said it was for buffering overnight repo rates no? That could legitimately be what it's for...as they're seeing more volatility which I think has to do with corporate debt... and i'd imagine...
im like you.
I understand charts very well.
I dont always understand the financial world...
in wondering about yourself, you forgot what you came here to be part of
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