Cable Update (GBPUSD)

I can see why now some posters keep directing others to this site, only true why to prove yourself is to post live open and live close as it happens, yes get a little slippage as you have to type you trades but that's only a couple of pips, Great video a real eye opener, explains a lot

That is some shit being played using inspect element. But it is safe if you share the link of the TE and anyone can check on his own computer. Screenshots can be fabricated in any case either they are photoshopped or manipulated using inspect element technique.

I am not sure about the third trick she discussed. Most of the top rated brokers don't do this in my opinion.

Expecting this next week.



Trade safe

Did some quick analysis and I agree with you, it'll go up and bounce back down to 1.13xx.

Let's see what happens on Monday especially when BoE is on holiday, we might even be in a ranging market till Tuesday.

Turned out to be a really good call!

This was a really good call, maybe a little early but it would have worked out really well!

Check out "myfxbook" to all you non believers

they are the "same chart", sell whatever currency, buy USD. One just happens to have USD as the reference currency and the other doesn't. How long can USD sustain this?

But on a related topic, i was looking at several charts, and you can find the exact moment a currency drops and another unrelated jumps (unrelated pairs), the exact same moment, trying to explore that in more detail. Probably not news for the veterans, it was to me

I would take it a step farther and say that the whole of life is learning and fun. I also tend to support those that are being pushed around or bullied. Developing a strong mind brings benefits that extend much further than public forums. It means not being a victim in ANY situation. Being bothered by insults means you are looking outward for validation, stop doing that.

Just a "normal" week coming.. don't die!

BoJ to leave rates at - 0.10%. We could see Yen depreciating much more this week.
Holiday on both Monday and Friday in Japan, so no intervention this week I guess.

Expectation on Fed raising by 100bps raised to 36% and 64% is for 75bps.

I was following SNB and even though they mentioned they would continue to raise rates if inflation persists, this just came as a shock. I thought they would at best raise by 25bps and that's it.

BoE seems to be in the biggest shit this week, because everyone else is raising more than them. Maybe Bailey surprises us and rounds it up to 2.50%. Not impossible..

In my opinion not much longer going into the final quarter of the year,
Cheers.

This is not just for GBPUSD, it is any pair, any asset any market. All my trades are the same. This happens over and over again. You can continue to follow price. I will follow value. As long as we are both profitable that's all that matters. Just know it is value that moves price. Wish you green pips my friend.

eys on chf indeed..

This is how many times central banks have left for raising rates in this year, including this next week.

Fed - 3
BoJ - 3
SNB - 2
BoE - 3
RBA - 3
RBNZ - 2
BoC - 2
ECB - 2

So Fed most likely will raise to 3.25% this week. That means they have 2 more meetings left, two more hikes left for this year. This means that most likely interest rates for this year will be in a range from 4% - 4.25%.

BoJ still has time to change their policy, if not now, they still have two other times to do it.

SNB was a shocker and their interest rates could get from -0.75% to 0.75% at year's end.

BoE could set their rates at a range from 3%-3.25% at year's end at current pace of things.

RBA they were consistent with their 50bps rate hikes so far, but were known to slow down the pace a little bit and start pushing some lower hikes of 25bps at the time. 3.25% - 3.50% is the probable outcome.

RBNZ same thing as RBA, consecutive rate hikes by 50bps, they could come closest to Fed outside of BoC this year with rates between 3.75% - 4% respectively.

BoC first to implement 100bps rate hike, little harder to predict the rates at year's end, but the range should be between 4.25% - 4.50%. BoC having the highest interest rates at year's end.

ECB not much to comment on.. around 2% should be precise enough 2.25%.

Now, combining inflation and interest rates, where do you think money will end up going? I would bet in USD, CHF and CAD until they claim recession. Then put your house, family and a dog into JPY. LoL

BoE and the Fed keeping it at the same level and the ECB playing it safe not to bankrupt any of the weaker countries. My view.

As soon as I posted my comment the dislikes followed and in subsequent posts thereafter, It is cool folks. Be aware. There are a lot of scammers and I think Coreg touched the surface and probably exposed it.
Cheers

i agree ,i always getting bunch of dislikes whenever i post in this thread...

Not to worry. Coreg, had 2 dislikes on his post about How traders can manipulate their "My Fx Book" certainly an eye opener for me. Comes to show that the forex world is rigged with dishonesty.
I hope FF can expose this.
Cheers

All markets are related, I run through this checklist now and then to get an idea of what is happening across the board and how that might affect Cable and other pairs I may trade. The rising USD is logical when you consider the global picture - which does not appear to be changing anytime soon.


BONDS
Current Yield and Yield to Maturity are the most useful yield types.
Benchmark Bonds:
5 year Treasury notes: FVX
10 year Treasury notes: TNX
30 year Treasury bonds: TYX
S & P National Municipal Bond: MUB
Eurodollar future
When markets are risk averse money will flow into bonds as a safe haven and the yields will fall as the underlying price of bonds rises.
When markets are risk-on then the flow of money is out of bonds and into riskier asset classes, therefore the price will fall and the yield will rise.
The bond chart will always reveal market sentiment to risk across all time frames.

COMMODITIES
Three principle relationships:
US dollar
Inflation
Money flow
Commodities are priced in US dollars
Relationship with bonds
Commodities are now considered an asset class, with future and raw goods bought and sold as an investment.
Commodities tell us the future direction of the US dollar
Commodities give us a global economic picture, and what is likely to happen to interest rates.
Commodities reveal risk appetite and sentiment, and therefore money flow.
Commodities are considered to be high risk, with the exception of gold.
Rising commodity price means inflation, with inflation comes higher interest rates, which are reflected in bond markets and money flow.
Gold (XAU) and the US Dollar
Both are considered to be safe havens. Gold is also a hedge against inflation.
Gold and the US dollar have an inverse relationship, with gold rising on dollar weakness and the converse, the dollar strengthening as gold prices fall. (although sometimes this relationship breaks down and goes out of step).
Oil
Oil is a highly political commodity, with price manipulated by key players.
Oil and CAD have a close relationship
US buy most of Canada’s oil, which is reflected in the USD-CAD pair
Rising oil prices weaken the US dollar, falling oil prices weaken the CAD and see the pair rise.
Oil Benchmark:
WTI Oil future
ASCI

EQUITIES
Principle exchanges:
NYSE Euronext
NASDAQ OMX group
London Stock Exchange
Key indices UK:
FTSE 250
FTSE 350
US:
S&P 500
NASDAQ
Russell 3000

US DOLLAR
Checklist:
USD with commodities
USD with gold
USD with bonds

USD - currency of first reserve and largest economy
USD is considered a safe haven currency.
USD index
The Dollar Index should be on screen at all times.
If the USD is falling then currencies quoted against the dollar are likely to be rising, and vice versa. Though not always.
VIX (Yahoo)
The VIX is considered a benchmark of stock market volatility. When the VIX is low investors are buying equities and taking on risk, and as investors panic and sell equities the VIX will sharply rise.
“If the VIX is low it’s time to go, if the VIX is high it’s time to buy.”
Extremes in the VIX signify potential turning points in the market. If there is a strong reversal pattern on both the VIX and the Dollar Index they are both confirming each other. This helps quantify risk and add confidence to taking a trade.
CRY/IND (Bloomberg)
This measures commodity strength, as commodities and the US Dollar generally move inversely.
Baltic Dry index (Bloomberg)
The cost of moving commodities by sea.
A rising index is sending a clear signal of higher prices, increasing demand, inflation and therefore higher interest rates. A falling index signals weak demand and a slow down in the world economy.