Short Gbpusd tp 1.21
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Cable Update - Continued 102 replies
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Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} Have to love it when a plan comes together Folks. Take care. {image}Ignored
DislikedGDP QoQ Fundamentals IF today number is -ve % that will be the 2nd quarter contraction. Many economists wait for a 2 consecutive negative quarter GDP, to conclude that an economy is in Recession. Using other data to support US is/ to be in a Recession & Actual will be LESS than 0.4% The Composite PMI has been falling for the whole previous quarter, but with diminishing rate. Whilst the Unemployment rate remain at 3.6%, the Avg Initials Job claims been increasing for the whole Apr-June quarter. Effect on DXY If GDP QoQ Actual >/= forecast [0.4%]=...Ignored
Dislikedyesterday was a trap the dollar will go up today because the raise of the interest rate is good news for him {image}Ignored
DislikedGDP - schedule tomorrow Tomorrow will be ugly. If GDP is negative, there will be a firestorm of demands that Biden/NBER declare a recession, and claims that they're moving goalposts if they don't.
If it's positive, expect many claims about cooked books. Another round of good scalping day for tomorrow. Wait for the set upIgnored
Disliked{quote} Hi Guys. With 2 days to go for this month to end, Bulls will want close above 1.21667ish (refer yellow highlight) which is my July candle open. At least the prospect of a green monthly candle but if we close below we have another red candle. So we are at an important decision level. I have drawn my Fib retracement levels for this yearly down move with my 50% fib level at 1.27533 the most important as it has provided significant support/resistance in the past. Trade safe. Cheers. {image}Ignored
DislikedGDP QoQ Fundamentals IF today number is -ve % that will be the 2nd quarter contraction. Many economists wait for a 2 consecutive negative quarter GDP, to conclude that an economy is in Recession. Using other data to support US is/ to be in a Recession & Actual will be LESS than 0.4% The Composite PMI has been falling for the whole previous quarter, but with diminishing rate. Whilst the Unemployment rate remain at 3.6%, the Avg Initials Job claims been increasing for the whole Apr-June quarter. Effect on DXY If GDP QoQ Actual >/= forecast...Ignored