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Cable Update (GBPUSD)

  • #670,501
  • Jul 20, 2022 12:03am Jul 20, 2022 12:03am
Quoting shakmoney
{quote} around which area
let us wait for uk CPI.
Intraday only.
  • #670,502
  • Jul 20, 2022 12:08am Jul 20, 2022 12:08am
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 20, 2022 12:09am Jul 20, 2022 12:09am
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 20, 2022 12:21am Jul 20, 2022 12:21am
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 20, 2022 12:26am Jul 20, 2022 12:26am
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 20, 2022 12:33am Jul 20, 2022 12:33am
shorted 2029.

stop 2036.

Tight stop due to news event.
Intraday only.
  • #670,507
  • Jul 20, 2022 1:01am Jul 20, 2022 1:01am
Inserted Video
  • #670,508
  • Jul 20, 2022 1:07am Jul 20, 2022 1:07am
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 20, 2022 1:09am Jul 20, 2022 1:09am
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 20, 2022 1:11am Jul 20, 2022 1:11am
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 20, 2022 1:12am Jul 20, 2022 1:12am
Quoting navk
2032 seems to have offered resistance. Took short. Stop 2045


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yes yes yes
  • #670,512
  • Jul 20, 2022 1:15am Jul 20, 2022 1:15am
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 20, 2022 1:16am Jul 20, 2022 1:16am
Sell limit @1.2018
Face 'ur fears & tame 'ur greed
  • #670,514
  • Jul 20, 2022 1:17am Jul 20, 2022 1:17am
I'm short from yesterday with tight stop, maybe will look for longs later today or tomorrow.
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  • #670,515
  • Jul 20, 2022 1:22am Jul 20, 2022 1:22am
I am long USD/JPY, not touching Pound yet..
  • #670,516
  • Jul 20, 2022 1:22am Jul 20, 2022 1:22am
Quoting JereMi256
Re-entered short @1.2038
BE set
TP 1.1876
Face 'ur fears & tame 'ur greed
  • #670,517
  • Jul 20, 2022 1:27am Jul 20, 2022 1:27am
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 20, 2022 1:28am Jul 20, 2022 1:28am
Quoting Waveskierrob
{quote} SELL {image}
Me thinks I will add to SELL
  • #670,519
  • Jul 20, 2022 1:33am Jul 20, 2022 1:33am
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 20, 2022 1:36am Jul 20, 2022 1:36am
USD/JPY (Buy), GBP/USD coming right up.
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