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Cable Update (GBPUSD)

  • #672,001
  • Jul 28, 2022 2:42am Jul 28, 2022 2:42am
GDP 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%]= Bullish (Therefore US not in a recession)
Actual < 0.4% = Bearish

Correct me if im wrong
More time in the market, does not mean you trade better!
  • #672,002
  • Jul 28, 2022 2:43am Jul 28, 2022 2:43am
Quoting Wavegarrick
{quote} Have to love it when a plan comes together Folks. Take care. {image}
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.
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Trade to trade another day
  • #672,003
  • Jul 28, 2022 2:45am Jul 28, 2022 2:45am
yesterday was a trap
the dollar will go up today because the raise of the interest rate is good news for him
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yes yes yes
  • #672,004
  • Jul 28, 2022 2:49am Jul 28, 2022 2:49am
Quoting JereMi256
{quote} Me too, short @1.2181
Closed +0.5pips
Face 'ur fears & tame 'ur greed
  • #672,005
  • Jul 28, 2022 2:54am Jul 28, 2022 2:54am
Quoting Fardeen1209
GDP 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%]=...
We live in clown world now where traditional behaviours no longer exist.
  • #672,006
  • Jul 28, 2022 2:56am Jul 28, 2022 2:56am
Quoting Moty
yesterday was a trap the dollar will go up today because the raise of the interest rate is good news for him {image}
However it was more the fed speech afterwards that shot the GU up as it basically said there won’t be a huge rise every month. Also the votes for only a 0.5 rate increase was nearly the same as 0.75

if we cross 12190 then the bears are on summmer holiday for a bit
Insane in the Brain..
  • #672,007
  • Jul 28, 2022 3:00am Jul 28, 2022 3:00am
12185 breached 122 knocking on door
Insane in the Brain..
  • #672,008
  • Jul 28, 2022 3:00am Jul 28, 2022 3:00am
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yes yes yes
  • #672,009
  • Jul 28, 2022 3:03am Jul 28, 2022 3:03am
Quoting Pat Chiko
GDP - 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 up
GU

Another partial before GDP later.

Taking out all stop above the liquidity zone from seller eager to short t these position.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #672,010
  • Jul 28, 2022 3:04am Jul 28, 2022 3:04am
Quoting JereMi256
{quote} Closed +0.5pips
My short was just start
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #672,011
  • Jul 28, 2022 3:06am Jul 28, 2022 3:06am
Attached Image (click to enlarge)
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yes yes yes
  • #672,012
  • Jul 28, 2022 3:09am Jul 28, 2022 3:09am
Quoting Wavegarrick
{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}



are you on swap free account?
MY OPINION NOT FINANCIAL ADVISE
  • #672,013
  • Jul 28, 2022 3:17am Jul 28, 2022 3:17am
Quoting Fardeen1209
GDP 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...

On spot Bro.

Markets are starting to price in only 50bps at the next FOMC.
This morning, there is a strong risk-on mood in markets, with USD weaker against the euro.

Today’s advance US Q2 GDP number will be closely watched for any signs of a US recession.
Massive uncertainty around the US #GDP print tomorrow
We had at -1.0% (annualized) but the latest advance trade & inventories numbers point to +0.7ppt

That would put us at -0.3%
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #672,014
  • Jul 28, 2022 3:19am Jul 28, 2022 3:19am
Quoting donfriday
{quote} are you on swap free account?
Nope unfortunately not. Wish I had a swap free account. As far as I know it is only applicable to Islamic accounts. Nevertheless swap charges are negligible to me.
Cheers.
Trade to trade another day
  • #672,015
  • Jul 28, 2022 3:27am Jul 28, 2022 3:27am
Gold SELL 1746.50 SL mental but good will be 1760, TP 1620, longterm Trade️
People don't plan to lose. They lose because they don't plan.
  • #672,016
  • Jul 28, 2022 3:29am Jul 28, 2022 3:29am
Quoting Pat Chiko
{quote} GU Another partial before GDP later. Taking out all stop above the liquidity zone from seller eager to short t these position. {image}{image}
GU

Few hour to US BEA will release an advance estimate of US GDP for the second quarter of 2022.

In short words, they’ll state if we’re on a recession or not.
Heads up for the upcoming days alpha!!
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #672,017
  • Jul 28, 2022 3:40am Jul 28, 2022 3:40am
Quoting ScalaFX
Gold SELL 1746.50 SL mental but good will be 1760, TP 1620, longterm Trade️
i think that you are wrong . It is a Titanic ship and this ship will not reach New York
or maybe I'm wrong
  • #672,018
  • Jul 28, 2022 3:42am Jul 28, 2022 3:42am
Attached Image (click to enlarge)
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yes yes yes
  • #672,019
  • Jul 28, 2022 3:45am Jul 28, 2022 3:45am
Quoting hussin naiji
{quote} i think that you are wrong . It is a Titanic ship and this ship will not reach New York or maybe I'm wrong
Thanks for your view, that's why we must protect our positions, when Im wrong got SL, when Im minimal right my trade will be closed at BE, when good right hit TP and that it goes, cheers!
People don't plan to lose. They lose because they don't plan.
  • #672,020
  • Jul 28, 2022 3:52am Jul 28, 2022 3:52am
Last night my shorts were burned. I slept off not too long after rates when price went to 2033 and didn't bank my shorts in good profit. I woke up later to see price at 1.2169. That was a bloody rise. I expected that with 0.75% added dollar would be sold off for few days and then rise again. I didn't expect that kind of humongous rise on GU.

Well... bank your profits when you see them. Don't always wait for TP to the pip.
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