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Cable Update (GBPUSD)

  • #619,861
  • Aug 29, 2021 7:23am Aug 29, 2021 7:23am
Powell's speech was clear enough every time. What he underlines in his every speech is "full employment and economic growth"

Previous US GDP numbers were so below the expectations. So you could tell that tapering was not going to happen in August. Just look at the employment, growth and consumer confidence numbers. They all indicated that FED should be dovish for another month. There's nothing tricky about it. Just put yourself in Powell's shoes and you will find the answer.
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  • #619,862
  • Edited 8:32am Aug 29, 2021 7:58am | Edited 8:32am
yea another impossible goal ,
they can't taper with raging inflation since interest rates will shoot up
they can't achieve full employment as before after shutting the economy down ,because your talking about real people not robots ,
in debt business takes time to recover ,a lot will go bust .
It won't happen this year ,thats the markets reaction on the day.

How he left it is its data dependent ,thats what the title the article should say.

You have to be careful because if they don''t like a known rule all they do is re write the rule book .Currently theres over a trillion being parked in the reverse repo facility every day which will only go up, without sending rates negative.
Because that money has no home in normal markets with all the known throughout history economic rule breaking going on, basically Central Bankers especially the FED, are out of control in government pockets .
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  • #619,863
  • Aug 29, 2021 8:11am Aug 29, 2021 8:11am
Tapering can happen next month, next year or in next decade. It will happen when growth rate is well above the expectations and/or unemployment numbers below 4%

It's not rocket science and it's not a state secret either.
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  • #619,864
  • Aug 29, 2021 8:19am Aug 29, 2021 8:19am
Quoting Nordling00
Tapering can happen next month, next year or in next decade. It will happen when growth rate is well above the expectations and/or unemployment numbers below 4% It's not rocket science and it's not a state secret either.
yea it will happen one day for sure good point
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  • #619,865
  • Aug 29, 2021 8:30am Aug 29, 2021 8:30am
Quoting Bones
{quote} yea it will happen one day for sure good point
Don't twist my words. I gave a very logical answer showing the requirements for tapering to start. You can't simplify my answer by downplaying it. No need to be petty.
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  • #619,866
  • Aug 29, 2021 8:38am Aug 29, 2021 8:38am
Quoting Nordling00
{quote} Don't twist my words. I gave a very logical answer showing the requirements for tapering to start. You can't simplify my answer by downplaying it. No need to be petty.
yes your right there the conditions which I'm saying they can't be met near term with reasoning ,thats another step forward
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  • #619,867
  • Edited 10:58am Aug 29, 2021 9:40am | Edited 10:58am
Quoting Nordling00
Tapering can happen next month, next year or in next decade.
are you allowing for the 4th turning when talking that time frame


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  • #619,868
  • Aug 29, 2021 10:44am Aug 29, 2021 10:44am
looking to buy for R1 target on Monday.

Time/ price for entry based on PA.
Intraday only.
  • #619,869
  • Aug 29, 2021 12:02pm Aug 29, 2021 12:02pm
Quoting Bones
{quote} are you allowing for the 4th turning when talking that time frame https://www.youtube.com/watch?v=xeVyfiP0cLk {image} {image}
What did i just watch? Nice conspiracies, now back to the reality.
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  • #619,870
  • Aug 29, 2021 12:30pm Aug 29, 2021 12:30pm
Quoting navk
looking to buy for R1 target on Monday. Time/ price for entry based on PA.
at 1.3736 ?
  • #619,871
  • Aug 29, 2021 12:31pm Aug 29, 2021 12:31pm
Quoting navk
looking to buy for R1 target on Monday. Time/ price for entry based on PA.
at 1.3717 is good place to look for a buy
  • #619,872
  • Aug 29, 2021 12:39pm Aug 29, 2021 12:39pm
Quoting mysterio
{quote} Was thinking of this one, thinking it will likely bounce next week {image}
Considering the behaviour of friday candle close and first two days of next week been the last two days of the month, I doubt for a bounce and favour the dollar yet anything can happend.

Cheers !
Fools Rushing
  • #619,873
  • Aug 29, 2021 12:43pm Aug 29, 2021 12:43pm
Quoting genadi
{quote} at 1.3717 is good place to look for a buy
IMO , i would also consider buying from the same area. 1.370-100.

Cheers!
Fools Rushing
  • #619,874
  • Aug 29, 2021 12:54pm Aug 29, 2021 12:54pm
Quoting MTF Test
{quote} IMO , i would also consider buying from the same area. 1.370-100. Cheers!
yes, with pa
  • #619,875
  • Aug 29, 2021 12:55pm Aug 29, 2021 12:55pm
Quoting MTF Test
{quote} IMO , i would also consider buying from the same area. 1.370-100. Cheers!
how about the storm in USA? will it affect the USD?
  • #619,876
  • Aug 29, 2021 12:56pm Aug 29, 2021 12:56pm
Quoting genadi
{quote} how about the storm in USA? will it affect the USD?
Of course not.
Everyone can see the chart, but only a few can actually read it.
  • #619,877
  • Aug 29, 2021 12:59pm Aug 29, 2021 12:59pm
if oil prices will rise, we could try to sell USD/CAD

USD can looks like it will fall (daily chart)
  • #619,878
  • Aug 29, 2021 1:00pm Aug 29, 2021 1:00pm
Quoting OnlineAddict
{quote} Of course not.
lol

4,008.0% profit looks good
  • #619,879
  • Aug 29, 2021 1:35pm Aug 29, 2021 1:35pm
Quoting genadi
{quote} at 1.3736 ?
Probably after :

5 am est or 9 am est

and

3732 and below.

Price unlikely to go below 3700
Intraday only.
  • #619,880
  • Edited 2:53pm Aug 29, 2021 1:37pm | Edited 2:53pm
Quoting Nordling00
{quote} What did i just watch? Nice conspiracies, now back to the reality.
My own theory is ,
I think he's describing the business super cycle ,the book that forecast this cycle was published 1996.
When you look at it theres a lot of factors why it's right.
Anyway we're in a financial crisis right now and the wealth redistribution at that level can only be trouble later .
I won't be surprised to see an escalation of some kind of war, even civil, in the current climate .
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