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Cable Update (GBPUSD)

  • #688,021
  • Sep 26, 2022 7:07am Sep 26, 2022 7:07am
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  • #688,022
  • Sep 26, 2022 7:13am Sep 26, 2022 7:13am
The mid-term bond market went up 300bp since August and 200bp since September.
At this point, the bank of England is a market follower, not a leader, they're that far out.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #688,023
  • Sep 26, 2022 7:15am Sep 26, 2022 7:15am
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  • #688,024
  • Sep 26, 2022 7:16am Sep 26, 2022 7:16am
Looks about right

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It takes a lot for me to IGNORE you, but you can try.
  • #688,025
  • Sep 26, 2022 7:17am Sep 26, 2022 7:17am
Hello guys i missed,,, i learnt somewhere about pound intervention! Dd any of u heard it,
Is there any possibility that they are going to intervene
I live in the future
  • #688,026
  • Sep 26, 2022 7:19am Sep 26, 2022 7:19am
YES!! YES!!! YEEEESSSS!!!! Finally I see that GBPUSD is raising. Now it's need just to break the level of 1.12440. Because the threat of falling still remains.
  • #688,027
  • Sep 26, 2022 7:22am Sep 26, 2022 7:22am
opened Short position
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  • #688,028
  • Sep 26, 2022 7:26am Sep 26, 2022 7:26am
Quoting Bones
The daily looks bullish, maybe on the rumour of the Bank Of England emergency action. We do have the opportunity to see the BOE does not need to act at all for the interest rates we pay to go up. Unfunded spending leaves only two options to borrow or print. Both are brand new money creations. How they stop cable falling is to close the delta between the US and UK REAL interest rates. Maybe. It did just hit the all-time low. 'Market experts said the Bank may need to increase rates by as much as one percentage point – to 3.25% – to steady the plunging...

Hi Bones, thanks for the chart.

I think step one. is most likely scenario is gilt sales get scrapped, with possibility for ecb style "stability" tool for back door gilt purchases too...

But, we shall see.
Will it be enough... ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,029
  • Sep 26, 2022 7:27am Sep 26, 2022 7:27am
Quoting Pat Chiko
{quote} Hi Bones, thanks for the chart. I think step one. is most likely scenario is gilt sales get scrapped, with possibility for ecb style "stability" tool for back door gilt purchases too... But, we shall see. Will it be enough... ?
We have observed that even with raising rates, the pound dropped.
rates again, even at 100bps, might move the needle but not enough.
It will be a temporary band-aid.
Tough place to be

It's not a sure thing.
In addition, increasing rates at such a pace is detrimental in the long run for the UK economy
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,030
  • Sep 26, 2022 7:41am Sep 26, 2022 7:41am
Quoting Steamroller
{quote} What is the size of your position? Is it micro, mini or full lots?
0.4 lots
  • #688,031
  • Sep 26, 2022 7:43am Sep 26, 2022 7:43am
Quoting Pat Chiko
{quote} GU Whichever cum first........{image}
GU

Follow the money, where is the liquidity.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,032
  • Sep 26, 2022 7:45am Sep 26, 2022 7:45am
Quoting Pat Chiko
{quote} We have observed that even with raising rates, the pound dropped. rates again, even at 100bps, might move the needle but not enough. It will be a temporary band-aid. Tough place to be It's not a sure thing. In addition, increasing rates at such a pace is detrimental in the long run for the UK economy
this is true however, dollar now should start falling, I reckon it has pretty much gone to where I thought it could go, an absolute extreme, I cannot believe it actually went this high!..pound needs to be high or it will hurt the economy ten fold
nuts are crossed

I cannot believe this sun bitch hit 103
look for fierce move up,
  • #688,033
  • Sep 26, 2022 7:46am Sep 26, 2022 7:46am
Long setup @NY
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  • #688,034
  • Sep 26, 2022 7:51am Sep 26, 2022 7:51am
Orders protected..No TP..lets see ..
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  • #688,035
  • Sep 26, 2022 7:52am Sep 26, 2022 7:52am
Quoting Pat Chiko
{quote} We have observed that even with raising rates, the pound dropped. rates again, even at 100bps, might move the needle but not enough. It will be a temporary band-aid. Tough place to be It's not a sure thing. In addition, increasing rates at such a pace is detrimental in the long run for the UK economy
With currency I think we need to look at central banks benchmark and with inflation so high we need to go real
UK=9.8cpi less 2.25%=negative -7.55% real rate
US=8.3cpi less 3.25%=negative -5.05% real rate
I know cpi is a lie but the market seem to accept anything their told.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #688,036
  • Sep 26, 2022 7:53am Sep 26, 2022 7:53am
GBPUSD +124 Pips ...
TP hit...
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God bless everyone!
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  • #688,037
  • Sep 26, 2022 7:56am Sep 26, 2022 7:56am
Well done!
Quoting Pat Chiko
{quote} GU Follow the money, where is the liquidity.{image}
Funded trader
  • #688,038
  • Sep 26, 2022 7:56am Sep 26, 2022 7:56am
Quoting nAVIN2007
{quote} this is true however, dollar now should start falling, I reckon it has pretty much gone to where I thought it could go, an absolute extreme, I cannot believe it actually went this high!..pound needs to be high or it will hurt the economy ten fold nuts are crossed I cannot believe this sun bitch hit 103 look for fierce move up,
Absolute manipulations happened today... The extreme of it... My accounts breached at 1.0355 today in Tokyo session, here we are now in 1.09... insane!!!
Data + Stat + Risk/Emotions Management
  • #688,039
  • Sep 26, 2022 7:58am Sep 26, 2022 7:58am
Quoting Pat Chiko
{quote} GU Follow the money, where is the liquidity.{image}
great trades, pat. congratulations.
by the way, could you please explain what liquidity exactly is. I have done some research, I just cannt figure it out.
  • #688,040
  • Sep 26, 2022 7:58am Sep 26, 2022 7:58am
Quoting Georginson
{quote} Absolute manipulations happened today... The extreme of it... My accounts breached at 1.0355 today in Tokyo session, here we are now in 1.09... insane!!!
not an iota of doubt, GBP is known for a wider range, but what happened today is no doubt a manipulation, those who correlate this move with EUR/USD should note that no other pairs have suffered 500 pips.
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