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Cable Update (GBPUSD)

  • #648,181
  • Jan 12, 2022 2:26pm Jan 12, 2022 2:26pm
Quoting Houtbay
So how is the average American surviving?
We're seeking better opportunities and higher wages. The leverage right now is in the worker's favor. Some went into business for themselves. Self-employment is on the rise, a lot of Americans are getting into logistics.
  • #648,182
  • Jan 12, 2022 2:29pm Jan 12, 2022 2:29pm
What happens when interest rates move up on home loans and credit card debt?
  • #648,183
  • Jan 12, 2022 2:36pm Jan 12, 2022 2:36pm
In South Africa I am asking myself constantly how the average person is surviving.
  • #648,184
  • Edited 2:53pm Jan 12, 2022 2:38pm | Edited 2:53pm
Quoting Houtbay
What happens when interest rates move up on home loans and credit card debt?
I don't know. Hopefully, Americans didn't bite off more than they can chew. Of course, the younger people are going to struggle because a lot of them aren't financially literate. The older people should be okay if company's don't start lay-offs. But the job market is has a lot of openings. So it shouldn't be a long lay-off if you lose a job.
  • #648,185
  • Jan 12, 2022 2:40pm Jan 12, 2022 2:40pm
Quoting Houtbay
In South Africa I am asking myself constantly how the average person is surviving.
How are inflation, job growth, and unemployment there? Also wages?
  • #648,186
  • Edited 3:35pm Jan 12, 2022 2:58pm | Edited 3:35pm
Quoting W0lfram
{quote} I don't know how to properly describe. All day like this since late Asia. Actually since 12/21/2021 like this most of the time, but there was decent retracements in between. We can’t do anything in principle, big money buying and setting up buy-limits on highs* to support the price quotes -> any sale now is the hope that tomorrow something will change, which may well be. *buy-limits are always there, but now they are in abundance
I see.
Thinking about, can this be possible cause of this strange behaviour bying GU, and perhaps no one is buying Gbp, but selling USD?

10y Bond Auction was todays event.
Noticed bigger increase on interest rate, compared with past auctions.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220112-205008.png Size: 141 KB


US bought bonds with 2-10 year maturity to cover their own debt. Now sold and received 0.2% higher interest and price purchase increase / decrease difference.
The more they buy/sell the bigger debt they have...

More info about :
https://uk.investing.com/economic-ca...te-auction-571
  • #648,187
  • Jan 12, 2022 3:08pm Jan 12, 2022 3:08pm
Quoting duve
{quote} Yet!!! It beating our asses since last year. The inflation is out of control. It came right after the last stimulus package.
how big is it? 20% increase in food prices a year? 30% increase in real estate prices a year?
  • #648,188
  • Jan 12, 2022 3:11pm Jan 12, 2022 3:11pm
Sell didn't work out

Looks like a breakout on DXY, that move was too powerful to be a fakie imo. We are coming off of weekly supply on dollar so its not a total shock. GU can head quite a bit higher after a retest. I'd assume a corrective move soon before more bull on GU
  • #648,189
  • Jan 12, 2022 3:14pm Jan 12, 2022 3:14pm
Quoting Houtbay
In South Africa I am asking myself constantly how the average person is surviving.
depends where you are in hierarchy. half are very rich, half are very poor. and almost no middle.
  • #648,190
  • Jan 12, 2022 3:26pm Jan 12, 2022 3:26pm
Quoting Jolita
{quote} I see. Thinking about, can this be possible cause of strange bying GU behaviour? Perhaps no one is buying Gbp, but selling USD? 10y Bond was todays event. Noticed big increase on interest rate, compared with past auctions. {image}
Fundamental analysis is not my strong suit. What are these numbers 1.72|2.5?

Open interest rose yesterday and today, after clearing, it will show growth (hard to imagine otherwise) .
Probably both, throw off dollars and pour money into other assets.
Air force
  • #648,191
  • Jan 12, 2022 3:35pm Jan 12, 2022 3:35pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting W0lfram
{quote} Fundamental analysis is not my strong suit. What are these numbers 1.72|2.5? Open interest rose yesterday and today, after clearing, it will show growth (hard to imagine otherwise) . Probably both, throw off dollars and pour money into other assets.
1.72 is the interest rate, which has gone up. 2.5 is the offer. As a rule it should be good for the usd, but at the moment it's anyone's guess.
Studing..............
  • #648,192
  • Jan 12, 2022 3:43pm Jan 12, 2022 3:43pm
Quoting W0lfram
{quote} Fundamental analysis is not my strong suit. What are these numbers 1.72|2.5? Open interest rose yesterday and today, after clearing, it will show growth (hard to imagine otherwise) . Probably both, throw off dollars and pour money into other assets.
Number meaning-
'1.72|2.5' format - the first number is the highest interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted)

Bones is an expert in this.
I can only scratch the surface.
  • #648,193
  • Jan 12, 2022 3:45pm Jan 12, 2022 3:45pm
Quoting Rgkc
{quote} 1.72 is the interest rate, which has gone up. 2.5 is the offer. As a rule it should be good for the usd, but at the moment it's anyone's guess.
Thanks, I'll delve into the subject.
Air force
  • #648,194
  • Jan 12, 2022 3:50pm Jan 12, 2022 3:50pm
Ohhh wth, tomorrow another 30 year auction and PPI and... to be continued.
  • #648,195
  • Jan 12, 2022 4:04pm Jan 12, 2022 4:04pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Rgkc
looks like the maximum of the day (and maybe the month) has finally been reached. a daily close below 3700 would be interesting
This one closes below 37 was the best thing of the day for me! It gives me a lot of hope that tomorrow will be a red day. We will see. I still hold my shorts at 3660.
Studing..............
  • #648,196
  • Jan 12, 2022 5:14pm Jan 12, 2022 5:14pm
next week or week 4 of jan.. try to start selling cable

Attached Image (click to enlarge)
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not euphoria follower
  • #648,197
  • Jan 12, 2022 7:59pm Jan 12, 2022 7:59pm
Quoting Jolita
{quote} I see. Thinking about, can this be possible cause of this strange behaviour bying GU, and perhaps no one is buying Gbp, but selling USD? 10y Bond Auction was todays event. Noticed bigger increase on interest rate, compared with past auctions. {image} US bought bonds with 2-10 year maturity to cover their own debt. Now sold and received 0.2% higher interest and price purchase increase / decrease difference. The more they buy/sell the bigger debt they have... More info about : https://uk.investing.com/economic-ca...te-auction-571...
Hi Jolita
thats a 10y auction ,the treasury sold 36 billion over 10 Y at that rate and they had an offer of 2.5 $ for every 1 they wanted ,I'm not sure what you mean sold and received .Thats new debt over a 10Y period at a guaranteed loss.Its not the thing moving this market.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,198
  • Jan 12, 2022 8:18pm Jan 12, 2022 8:18pm
markets not unusual ,last year that was unusual
smallest range ever bar one other year and a doji , my chart history is 30years ,
have to be careful because flash is any direction ,theres nothing stopping it going straight up in theory
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,199
  • Jan 12, 2022 8:24pm Jan 12, 2022 8:24pm
a quick sweep of the top maybe before ?
Emotional Control. Process, not outcome.
  • #648,200
  • Jan 12, 2022 9:28pm Jan 12, 2022 9:28pm
buy limit at 36932
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