Disliked{quote} Completely on board with that, holding a short from 14130 until I see 1.38 at least.Ignored
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} Completely on board with that, holding a short from 14130 until I see 1.38 at least.Ignored
DislikedLike i said before, this looks like a pullback for now. Of course, it can form a down trend if FED raises the interest rates but i don't think they will in my humble opinion. Because inflation is a measure which is calculated every month. Numbers may be high this month, but it can slow down in the coming months. So USD still have not gotten any advantages against GBP yet. Market only bought it for an "if" scenario, which is FED raising the interest rates. However, if FED doesn't raise the rates, then this movement will only stay as a pullback and...Ignored
DislikedLike i said before, this looks like a pullback for now. Of course, it can form a down trend if FED raises the interest rates but i don't think they will in my humble opinion. Because inflation is a measure which is calculated every month. Numbers may be high this month, but it can slow down in the coming months. So USD still have not gotten any advantages against GBP yet. Market only bought it for an "if" scenario, which is FED raising the interest rates. However, if FED doesn't raise the rates, then this movement will only stay as a pullback and...Ignored
Disliked{quote} If you see the DXY last week candle, then this week has a chance to close bearish or atleast a doji. This gives a chance for the cable bulls to test the high. (also based on last week's bull candle). I hope that hint is enough to take that pinch of risk.Ignored
Disliked{quote} Hello Mysterio, So DXY closes the day with a doji, and cable too. So there is still a chance for DXY to drop lower tomorrow and also a probability of cable testing the high of 1.42. Perhaps the fundamentals tomorrow can drive the action. Nonetheless I had closed my position bought at 1.4049 when it went lower than 1.4034 in the afternoon. It's funny that it closes the day exactly at the same price. On the other side DXY failed to climb 91.40 and above. How are you taking the situation currently? Despite how it turns up tomorrow, it would be nice to see your views as well.Ignored
Disliked{quote} Yes and no I think. They control the federal funds rate and open market operations ! so have a great deal of influence over interest ratesIgnored
Disliked{quote} So they can beat the expectations by a lot...and make USDx go above 91.Ignored
Disliked{quote} Yes and no I think. They control the federal funds rate and open market operations so have a great deal of influence over interest rates even if the prevailing rate is decided by the market..but they can control it to the extent whereby they can buy or sell treasuries at any point in the curve to shift yields up or down. {quote} Let me check tomorrow man, gonna try and get some rest for the night I'll be back for Frankfurt!Ignored
Disliked{quote} Oh, I see you've discovered the pattern versions. Nice progress. But do images from google support this version?Ignored
Disliked{quote} Too many “ifs” mate. When it comes to technicals anything can happen from here. If we look at the fundamentals many things suggest a stronger dollar in the near to medium future. 1. Inevitable inflation. 2. inevitable rebate hike. 3. Geopolitical troubles a) China, Australia, Philippines, Taiwan. b) Isearel, Palestine. c) Russia, Ukraine.Ignored
Disliked4hr chart, 16hours of ping pong between 4054 - 4015, new candle just opened previous bar was inside bar would seem sell top of range buy bottom is still the order of pa until either is broken :-) no rocket science required !!!!Ignored