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Cable Update (GBPUSD)

  • #594,921
  • May 13, 2021 7:41pm May 13, 2021 7:41pm
Quoting Nordling00
{quote} Of course Central Banks control the interest rates. We are not talking about an average citizen's mortgage loan here. I don't deny the chart, please you don't deny what happened previously on the chart too. I say that USD went up yesterday because people expect FED to raise interest rates, so they bought USD from the cheapest level which is good for them, but they will vanish if FED don't raise the rates next month. So they depend on that. Let's not twist my words Mr. Bones. I don't deny anything here.
we are talking about interest rates ,thats the point ,
the fed don't control them and thats what you don't understand.
If inflation is up ,they have to act -
therefore its data driven .
Anyway retail tomorrow will give us the velocity next ,see if it's high still.


So inflation was hot and $ went up which is completely against all Nording posts (and book?) and in line with Bones posts
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #594,922
  • Edited 8:43pm May 13, 2021 7:55pm | Edited 8:43pm
Quoting mrluckystar
{quote} Mr Bones, cpi - good employment - bad 6.1%, but job opening was good.. Retail sales - ?? Last month was good.. Any other fed indicator i miss out for fes rate hike?
The fed won't raise rates for sure on their own back ,but the fed still have to go with the data .
So when the yield on the $ is rising the $ is more desirable ,look at the 10 Year yield I posted.Inflation expectation is part of the calc.
Interest rates are rising for months yet fed rate has not moved off close to 0% , you have to ask yourself how come ? if you're sitting there waiting for the Fed to do it.
If Retail sales are hot they're jump again.

Quoting Bones
Right now as we speak the commercial cost of money over 10Y is 1.67 when last week closed at 1.58 in the US. . {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #594,923
  • May 13, 2021 8:24pm May 13, 2021 8:24pm
Apologies it got delayed

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Precise Execution!
  • #594,924
  • May 13, 2021 8:25pm May 13, 2021 8:25pm
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Precise Execution!
  • #594,925
  • May 13, 2021 8:25pm May 13, 2021 8:25pm
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Precise Execution!
  • #594,926
  • May 13, 2021 8:44pm May 13, 2021 8:44pm
I believe all the brokers get the license of same gaming platform.
Precise Execution!
  • #594,927
  • May 13, 2021 8:46pm May 13, 2021 8:46pm
yesterday after i was in a floating loss of 170$ , again
i managed to came back into a nice profit ,
but instead of taking profit at the trendline , i hope to take it at 1.40774
it didn't happened , and i got into a 114 $ loss , closed it
took prefect on the s&p , and won that loss back
now i am short to 1.39700 , if it rises to 1.40774 i will say fu*k you crooks mf and add another short
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yes yes yes
  • #594,928
  • Edited 9:32pm May 13, 2021 9:06pm | Edited 9:32pm
Quoting mrluckystar
{quote} Mr Bones, cpi - good employment - bad 6.1%, but job opening was good.. Retail sales - ?? Last month was good.. Any other fed indicator i miss out for fes rate hike?
last month retail sales was good due to fed given stimulus check around 100 mill for the 1st and 2nd payment on mid march and that why figure for april was good..

april fed disburst only 30 mill.. that why forecast was low than april..

Its 50/50 call for tonite us news..

my call, not more than 3% retail sales m/m

https://www.cnet.com/personal-financ...-more-to-know/
Peace Yo!
  • #594,929
  • May 13, 2021 9:07pm May 13, 2021 9:07pm
Quoting Bones
{quote} we are talking about interest rates ,thats the point , the fed don't control them and thats what you don't understand. If inflation is up ,they have to act - therefore its data driven . Anyway retail tomorrow will give us the velocity next ,see if it's high still. So inflation was hot and $ went up which is completely against all Nording posts (and book?) and in line with Bones posts {image}
thanks for your input..
Peace Yo!
  • #594,930
  • May 13, 2021 10:05pm May 13, 2021 10:05pm
Quoting mrluckystar
{quote} Mr Bones, cpi - good employment - bad 6.1%, but job opening was good.. Retail sales - ?? Last month was good.. Any other fed indicator i miss out for fes rate hike?
The Fed are not going to care very much about what economic figures emerge for the time being, as they have already labelled it all "transitory".
No rate coming coming regardless of figures.
Compulsions can be hard to resist
  • #594,931
  • May 13, 2021 10:11pm May 13, 2021 10:11pm
Quoting mrluckystar
{quote} spot on EU My plan for EU..
au has one too, prefer larger timeframes, 4hrly is there and pa is very compressed, Im thinking it will bo before eu??
If you are new to Forex? Say Goodbye to your account!!
  • #594,932
  • May 13, 2021 10:36pm May 13, 2021 10:36pm
come on mf
break it down before london open
i won't to be in profit from the start
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yes yes yes
  • #594,933
  • May 13, 2021 10:57pm May 13, 2021 10:57pm
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yes yes yes
  • #594,934
  • May 13, 2021 11:25pm May 13, 2021 11:25pm
Quoting Moty
come on mf break it down before london open i won't to be in profit from the start{image}{image}
bulls break yesterday 4053 on 1h chart,
this can take the price to 4084 at least if yesterday low stand.

No short before 1.4 break, or clear short setup at 1.4085-1.41
Scalper could enjoy for now.
  • #594,935
  • May 14, 2021 12:12am May 14, 2021 12:12am
- Mastercard SpendingPulse: U.S. Retail Sales Grew 26.3% Year-Over-Year in March
- Mastercard SpendingPulse: U.S. Retail Sales Grew 23.3% Year-Over-Year in April

Does it mean it will have today Retail Sales (MoM) even negative ?
I am who I am
  • #594,936
  • May 14, 2021 12:13am May 14, 2021 12:13am
Quoting trumps
{quote} The Fed are not going to care very much about what economic figures emerge for the time being, as they have already labelled it all "transitory". No rate coming coming regardless of figures.
market can move based on sentiment.. right now data show setiment are bullish for usd. If retail sale goes green, kaboomm..
unless powell tweet says that "fed will not raise till next year" then this bullish sentiment will gone and cable can fly..

btw, does powell have tweeter account?
Peace Yo!
  • #594,937
  • May 14, 2021 12:15am May 14, 2021 12:15am
Quoting KiwiTrada
{quote} au has one too, prefer larger timeframes, 4hrly is there and pa is very compressed, Im thinking it will bo before eu??
Nice.. thanks for the head up..
Peace Yo!
  • #594,938
  • May 14, 2021 12:23am May 14, 2021 12:23am
i feel we can have action on both sides as it is a FRYDAY
Extreme gut feeling trader
  • #594,939
  • May 14, 2021 12:30am May 14, 2021 12:30am
Quoting imwim
- Mastercard SpendingPulse: U.S. Retail Sales Grew 26.3% Year-Over-Year in March - Mastercard SpendingPulse: U.S. Retail Sales Grew 23.3% Year-Over-Year in April Does it mean it will have today Retail Sales (MoM) even negative ?
Do you have data for feb?
Peace Yo!
  • #594,940
  • May 14, 2021 12:37am May 14, 2021 12:37am
Quoting Moty
{image}
Hey moty do you think my elliot impulse wave is correct? Take a look.
if yes then it should go up above 1.42xx and then come back for a
correction
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