Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #648,201
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Jan 12, 2022 4:43pm Jan 12, 2022 4:43pm

Jolita
Joined Jan 2012 | Status: Online | 1,988 Posts

Quoting W0lfram

Disliked

{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.

Ignored

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.

Staying positive

Post #648,202
Quote
Jan 12, 2022 4:45pm Jan 12, 2022 4:45pm

W0lfram
Joined Dec 2020 | Status: Crossed over into the Twilight Zone | 1,157 Posts

Quoting Rgkc

Disliked

{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.

Ignored

Thanks, I'll delve into the subject.

Post #648,203
Quote
Jan 12, 2022 4:50pm Jan 12, 2022 4:50pm

Jolita
Joined Jan 2012 | Status: Online | 1,988 Posts

Ohhh wth, tomorrow another 30 year auction and PPI and... to be continued.

Staying positive

Post #648,204
Quote
Jan 12, 2022 5:04pm Jan 12, 2022 5:04pm

Rgkc
| Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts

Quoting Rgkc

Disliked

looks like the maximum of the day (and maybe the month) has finally been reached. a daily close below 3700 would be interesting

Ignored

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..............

Post #648,205
Quote
Jan 12, 2022 6:14pm Jan 12, 2022 6:14pm

iqyu5an
Joined Jul 2010 | Status: Always manage your risk & leverage | 7,326 Posts

next week or week 4 of jan.. try to start selling cable

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not euphoria follower

Post #648,206
Quote
Jan 12, 2022 8:59pm Jan 12, 2022 8:59pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,295 Posts

Quoting Jolita

Disliked

{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...

Ignored

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.

#doyourownanalysisordietryin

Post #648,207
Quote
Jan 12, 2022 9:18pm Jan 12, 2022 9:18pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,295 Posts

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

#doyourownanalysisordietryin

Post #648,208
Quote
Jan 12, 2022 9:24pm Jan 12, 2022 9:24pm

Konichiwhaat
Joined Dec 2019 | Status: Member | 398 Posts

a quick sweep of the top maybe before

TIME is the most valuable commodity

Post #648,209
Quote
Jan 12, 2022 10:28pm Jan 12, 2022 10:28pm

buddha-
| Joined Feb 2019 | Status: Member | 1,016 Posts

buy limit at 36932

Post #648,210
Quote
Jan 12, 2022 11:29pm Jan 12, 2022 11:29pm

Houtbay
Joined Nov 2020 | Status: Member | 2,751 Posts

Gbpusd and Eurusd still moving up. Sorry Duve I went to sleep, so the economy in South Africa is struggling, high inflation and 40 percent official unemployment. However unemployment close to 40-60 percent in reality. The middle class is shrinking and covid is quickening the process. In all economies generally only 5 percent of people have enough to retire and not worry about money.