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Cable Update (GBPUSD)

  • #670,501
  • Jul 19, 2022 10:03pm Jul 19, 2022 10:03pm
Quoting shakmoney
{quote} around which area
let us wait for uk CPI.
Intraday only.
  • #670,502
  • Jul 19, 2022 10:08pm Jul 19, 2022 10:08pm
CPI/PPI

At the same time as the CPI data, we also get another figure that is often ignored by traders:

PPI.

Typically, it doesn’t have much of an impact on markets, but the costs paid by businesses to buy products will ultimately filter through to inflation.
And since CPI is the big deal now, any leading indicator is likely to get more attention.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #670,503
  • Jul 19, 2022 10:09pm Jul 19, 2022 10:09pm
Quoting Pat Chiko
{quote} Britain still has one of the highest CPI growth rates among the major economies. The BOE’s policy of steadily increasing the interest rate has been met with steadily increasing inflation There have been voices calling for a more aggressive stance within the BOE We expect the BoE to stay hawkish and to hike 50bp on August 4th. {image} June UK inflation is projected to tick higher to 9.2% from 9.1% in the prior month, another multi-decade high. But the BOE pays more attention to the core rate, which discounts the effects of fuel and food prices....
britain has its own oil and gas wells so energy is free

fishing is also abundant, so only remaining thing for inflation is .......
  • #670,504
  • Jul 19, 2022 10:21pm Jul 19, 2022 10:21pm
Quoting PatienceFx
{quote} britain has its own oil and gas wells so energy is free fishing is also abundant, so only remaining thing for inflation is .......
fact vs myth.
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Free energy by Import ?. duh.....

Fishing......
Now UK don’t have access to Norwegian waters (blameit on Brexit), barriers to export of the fish( blame it on Brexit),we do catch and EU boats still fishing in UK waters.

By any measure it’s a complete disaster.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #670,505
  • Jul 19, 2022 10:26pm Jul 19, 2022 10:26pm
Quoting Pat Chiko
{quote} fact vs myth. {image}Free energy by Import ?. duh..... Fishing...... Now UK don’t have access to Norwegian waters (blameit on Brexit), barriers to export of the fish( blame it on Brexit),we do catch and EU boats still fishing in UK waters. By any measure it’s a complete disaster.
lets see how the uk data pans out
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  • #670,506
  • Jul 19, 2022 10:33pm Jul 19, 2022 10:33pm
shorted 2029.

stop 2036.

Tight stop due to news event.
Intraday only.
  • #670,507
  • Jul 19, 2022 11:01pm Jul 19, 2022 11:01pm
Inserted Video
  • #670,508
  • Jul 19, 2022 11:07pm Jul 19, 2022 11:07pm
Morning all! Back in good old London now! Right so inflation is higher than expected at 9.4 could this be the trigger for BoE to raise interest rates to 50 bps as they had already hinted?

what surprised me is the move downward initially as this is what the Pound needed to climb over 12030 once and for all?
Insane in the Brain..
  • #670,509
  • Jul 19, 2022 11:09pm Jul 19, 2022 11:09pm
Quoting morfes2
https://youtu.be/WcGsmuK-4S8
I saw this livestream yesterday too. May I ask you, how can we read this livestream? I just see some charts.
  • #670,510
  • Jul 19, 2022 11:11pm Jul 19, 2022 11:11pm
Quoting BeeTogether
Morning all! Back in good old London now! Right so inflation is higher than expected at 9.4 could this be the trigger for BoE to raise interest rates to 50 bps as they had already hinted? what surprised me is the move downward initially as this is what the Pound needed to climb over 12030 once and for all?
Morning Bee - good holiday? I’m away myself from Friday yes I took a long position just after the news presuming it would be positive for the £.. holding it just yet in case it takes off .. will close if it gets to -£100 though and re-evaluate
  • #670,511
  • Jul 19, 2022 11:12pm Jul 19, 2022 11:12pm
Quoting navk
2032 seems to have offered resistance. Took short. Stop 2045


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yes yes yes
  • #670,512
  • Jul 19, 2022 11:15pm Jul 19, 2022 11:15pm
Quoting Adzmoz
{quote} Morning Bee - good holiday? I’m away myself from Friday yes I took a long position just after the news presuming it would be positive for the £.. holding it just yet in case it takes off .. will close if it gets to -£100 though and re-evaluate
holiday was great mate! Week went really quick ! I’m still long feel LO should help break the 12030 resistance level as this is positive news for cable.

where you off to mate?
Insane in the Brain..
  • #670,513
  • Jul 19, 2022 11:16pm Jul 19, 2022 11:16pm
Sell limit @1.2018
Face 'ur fears & tame 'ur greed
  • #670,514
  • Jul 19, 2022 11:17pm Jul 19, 2022 11:17pm
I'm short from yesterday with tight stop, maybe will look for longs later today or tomorrow.
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  • #670,515
  • Jul 19, 2022 11:22pm Jul 19, 2022 11:22pm
I am long USD/JPY, not touching Pound yet..
  • #670,516
  • Jul 19, 2022 11:22pm Jul 19, 2022 11:22pm
Quoting JereMi256
Re-entered short @1.2038
BE set
TP 1.1876
Face 'ur fears & tame 'ur greed
  • #670,517
  • Jul 19, 2022 11:27pm Jul 19, 2022 11:27pm
As promised, Daily chart. Candle closed above gray and yellow lines which is highly indicative of buy. There is this blue line however, though it doesn't represent any resistance per se, just serve's the purpose of ackowledging trend continuation. If higher than other lines than down-trend if lower up-trend. However, I don't really pay attention to it since it's not as important as gray and yellow lines, as you can clearly see. However, it does tend to serve as some kind of R or S sometimes. We'll see, although buy should be in play. Let's see..
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  • #670,518
  • Jul 19, 2022 11:28pm Jul 19, 2022 11:28pm
Quoting Waveskierrob
{quote} SELL {image}
Me thinks I will add to SELL
  • #670,519
  • Jul 19, 2022 11:33pm Jul 19, 2022 11:33pm
Data was good for Pound, I think pair will fly today after dust settels, lets see
People don't plan to lose. They lose because they don't plan.
  • #670,520
  • Jul 19, 2022 11:36pm Jul 19, 2022 11:36pm
USD/JPY (Buy), GBP/USD coming right up.
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