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Cable Update (GBPUSD)

  • #655,181
  • Mar 31, 2022 5:06am Mar 31, 2022 5:06am
Quoting kris89
Keep above 1.31000 we can see 1.32200 tonight
you might be well right. however, i prefer if now is the time for some buys to be stopped out. today.
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Maadik Hugiis. IQ 69.
  • #655,182
  • Mar 31, 2022 5:07am Mar 31, 2022 5:07am
Quoting mehedi529
{quote} And i did my masters in banking and mba major in finance. I alsoteach economics to o and a level kids.
Sure mate... all help we can get here.. so tell us.. why.. what.. where this GU going right now... should we wait.. buy... sell ...?
  • #655,183
  • Mar 31, 2022 5:07am Mar 31, 2022 5:07am
Quoting MoneyZilla
Hidden
Keep your racism to yourself you 69 iq moron
You have to have an IQ higher than 90 to interact with this user.
  • #655,184
  • Mar 31, 2022 5:13am Mar 31, 2022 5:13am
Quoting Nordling
{quote} Keep your racism to yourself you 69 iq moron
:-))
the admin here is totally with you, hipo!:-)
Maadik Hugiis. IQ 69.
  • #655,185
  • Mar 31, 2022 5:19am Mar 31, 2022 5:19am
Quoting MoneyZilla
{quote} :-)) the admin here is totally with you, hipo!:-)
Because i am not a racist unlike you
You have to have an IQ higher than 90 to interact with this user.
  • #655,186
  • Mar 31, 2022 5:22am Mar 31, 2022 5:22am
Quoting kris89
Keep above 1.31000 we can see 1.32200 tonight
it is not sure, the $ was strong late
  • #655,187
  • Mar 31, 2022 5:24am Mar 31, 2022 5:24am
Quoting kris89
Keep above 1.31000 we can see 1.32200 tonight
Maybe tomorrow, not tonight.
Today is month end so I think they will close the month at these levels.
I'll try to buy at 1.3100 - 1.3125 and hold until end of tomorrow.
Lost....
  • #655,188
  • Mar 31, 2022 5:29am Mar 31, 2022 5:29am
Quoting Nordling
{quote} Sure mate. Show me your diploma then. I don't even know you but you sound so petty. You are probably another loser. Try to be less offensive to the people you don't know, or they can put you back to where you came from. If you think high GDP growth is good for a currency in the long run, Libyan and Turkish currencies would be the strongest currencies in the world
A higher GDP is good for the currency in the long run because it shows a strong, vibrant economy.
However, you have to remember that there's a lot of manipulation going on within the past 3 decades (think China) in addition to the petrodollar system (think ME countries).
In another topic, try not to take comments/criticisms seriously ESPECIALLY FROM PEOPLE YOU DON'T KNOW, YOU DON'T CARE ABOUT, AND MOST LIKELY YOU'LL NEVER MEET. If you can master this tip at a young age, you'll go places far and quickly.
Lost....
  • #655,189
  • Mar 31, 2022 5:31am Mar 31, 2022 5:31am
Quoting Zairul
{quote} Sure mate... all help we can get here.. so tell us.. why.. what.. where this GU going right now... should we wait.. buy... sell ...?
I prefer buy.
  • #655,190
  • Mar 31, 2022 5:32am Mar 31, 2022 5:32am
Quoting Zairul
{quote} Sure mate... all help we can get here.. so tell us.. why.. what.. where this GU going right now... should we wait.. buy... sell ...?
Buy, my disciple, if you dont know what to do.
  • #655,191
  • Mar 31, 2022 5:44am Mar 31, 2022 5:44am
As the FED continues to raise interest rates I expect that with each future rate hike the Dollar will slow down as the market has priced in interest rate hikes ahead of time This will strengthen GBP and I expect that 1.34 will be reached any day now
  • #655,192
  • Mar 31, 2022 5:48am Mar 31, 2022 5:48am
Quoting gespiri
{quote} A higher GDP is good for the currency in the long run because it shows a strong, vibrant economy. However, you have to remember that there's a lot of manipulation going on within the past 3 decades (think China) in addition to the petrodollar system (think ME countries). In another topic, try not to take comments/criticisms seriously ESPECIALLY FROM PEOPLE YOU DON'T KNOW, YOU DON'T CARE ABOUT, AND MOST LIKELY YOU'LL NEVER MEET. If you can master this tip at a young age, you'll go places far and quickly.
I respectively disagree about the GDP. I think it is about the % and how organic it is.

For example most of the countries have high GDP right now because they pumped the world with loans. That's not sustainable nor healthy. Which is why it affects the currency badly. Turkey and Ethiopia for example.

I agree, i better not take strangers' insults seriously. A valuable advice indeed. Thanks man
You have to have an IQ higher than 90 to interact with this user.
  • #655,193
  • Mar 31, 2022 5:49am Mar 31, 2022 5:49am
this is what I see on Daily.. H4.. and M15.. She still on Bearish move if u ask me... Buy?.. well maybe if I want to scalp.. or maybe you right, she might be on edge for sell...
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  • #655,194
  • Mar 31, 2022 5:54am Mar 31, 2022 5:54am
Quoting Nordling
{quote} Sure mate. Show me your diploma then. I don't even know you but you sound so petty. You are probably another loser. Try to be less offensive to the people you don't know, or they can put you back to where you came from. If you think high GDP growth is good for a currency in the long run, Libyan and Turkish currencies would be the strongest currencies in the world
Hey!! Sorry but I don’t get that….USA has got high gdp, based on your statement the dollar should be worth toilet paper…can you please explain? Thank ya
Twitter: Rummer_grapes
  • #655,195
  • Mar 31, 2022 5:55am Mar 31, 2022 5:55am
Quoting Nordling
{quote} I respectively disagree about the GDP. I think it is about the % and how organic it is. For example most of the countries have high GDP right now because they pumped the world with loans. That's not sustainable nor healthy. Which is why it affects the currency badly. Turkey and Ethiopia for example. I agree, i better not take strangers' insults seriously. A valuable advice indeed. Thanks man
A good point: If they pump a country with loans, taxes will eventually increase in order to pay those loans (WB, IMF). As taxes increase, economy will get hit over time and interest rates have to be dropped for stimulus leading to a weaker currency. This is a simplified view but remember than central banks can easily manipulate exchange rates since they're not pegged to anything since 1971. They just print, print, print, and come up with a story in order to justify interest rate increases (war, terrorism, etc). This is where most of the world is right now.
I do believe we will go through a reset but not what most people think it would be....
Lost....
  • #655,196
  • Mar 31, 2022 5:56am Mar 31, 2022 5:56am
Quoting Zairul
this is what I see on Daily.. H4.. and M15.. She still on Bearish move if u ask me... Buy?.. well maybe if I want to scalp.. or maybe you right, she might be on edge for sell... {image} {image} {image}
Scalp yeah? See reversal candlesticks on weekly and positive divergence. Surely a buy, not scalp. You can scalp by selling.
  • #655,197
  • Mar 31, 2022 6:00am Mar 31, 2022 6:00am
Quoting gespiri
{quote} Maybe tomorrow, not tonight. Today is month end so I think they will close the month at these levels. I'll try to buy at 1.3100 - 1.3125 and hold until end of tomorrow.
If it reaches 1.3220 - 1.3234 today, I still expect this to close the month at the current levels....
Lost....
  • #655,198
  • Mar 31, 2022 6:01am Mar 31, 2022 6:01am
Quoting mehedi529
{quote} Scalp yeah? See reversal candlesticks on weekly and positive divergence. Surely a buy, not scalp. You can scalp by selling.
yeah..maybe.. this is what I see on weekly to..
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  • #655,199
  • Mar 31, 2022 6:01am Mar 31, 2022 6:01am
Quoting Nordling
{quote} I respectively disagree about the GDP. I think it is about the % and how organic it is. For example most of the countries have high GDP right now because they pumped the world with loans. That's not sustainable nor healthy. Which is why it affects the currency badly. Turkey and Ethiopia for example. I agree, i better not take strangers' insults seriously. A valuable advice indeed. Thanks man
Indeed, and this contributes towards a big part of the US GDP.

As the anecdote goes.

An economist professor and his PhD student were walking in the park. The professor said to the student. "Go and pick up that dog turd with your bare hands, and I will give you £20K". The student picked up the dog turd and being immediately disgusted he threw it back down and said to the professor. "How about you pick up the dog turd and I will pay you £20K". The professor duly picked up the dog turd with his bare hand.

Afterwards, the student stated. "We are both none the richer and are both our hands are covered in dog shit, what a pointless exercise"

To which the professor replied. "Pointless!? Not at at all! We have just increased the national GDP by £40K"
  • #655,200
  • Mar 31, 2022 6:03am Mar 31, 2022 6:03am
Quoting Bacco
{quote} Hey!! Sorry but I don’t get that….USA has got high gdp, based on your statement the dollar should be worth toilet paper…can you please explain? Thank ya
Nope i don't mean high gdp, i mean high GDP Growth Rate.

To be more specific, US economy grew since the 1930s right? But that comes with a cost.

In 1930s people were able to buy a brand new Ford with few thousand dollars. Now if i am not mistaken a brand new family Ford car costs around 20.000$.

People were able to dine out with few dollars back in those days, but now it costs around 20$

So yeah US economy grew since the 30s, but dollar is not strong as it was back in those days.
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