Cable Update (GBPUSD)

Quoting MrFanciful

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{quote} I'm not doubting the published figures. I'm simply doubting how well informed people are on the state of the US economy and that the people in charge have been manipulating these figures for so long that they now seem to believe their own lies. For example, the biggest factor of the CPI is Owners Equivalent Rent. Not actual rents but a made up figure that literally no one pays. It's literally a fiction and yet it's one of the most important news releases of the month.

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Quoting Theoak

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{quote} Sounds to me you won't be able to get a fixed rate Morgage etc and as such the bank can vary the rate (asset reprcing) so the bank is not at risk! Which is an indication these rates are going up!

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Quoting Pat Chiko

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{quote} DJIA Long {image}

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Quoting MrFanciful

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{quote} I'm not doubting the published figures. I'm simply doubting how well informed people are on the state of the US economy and that the people in charge have been manipulating these figures for so long that they now seem to believe their own lies. For example, the biggest factor of the CPI is Owners Equivalent Rent. Not actual rents but a made up figure that literally no one pays. It's literally a fiction and yet it's one of the most important news releases of the month.

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Quoting Pat Chiko

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{quote} DJIA Long {image}

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Quoting WizardTrade

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Next target is Parity

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Quoting dantpm

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{quote} That would be breach of contract. With notes and bonds, if no one wants your debt instruments, I guess you can increase the rate retroactively, which make 0 sense for existing notes. It is just giving away tax payer money!

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Quoting Elysion

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GU keeps bouncing off 1.0738

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Quoting greed

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{quote} What's your target?

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Quoting gespiri

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{quote} This may mean that G/U will turn north since it follows it. We'll wait and see.

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Quoting MrFanciful

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{quote} You can tell where it's going?

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Quoting Pat Chiko

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{quote} GU Getting some oxygen.. Just about to get drowned, but luckily price goes back to positive. Hope price will stay positive..... {image}

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Quoting Fardeen1209

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{quote} I think that wholly depend on what type of trader is referring to. I'm not a trend catcher or swing trader. I'm more scalper type going from 30-150pips eater. This way I'm enable to keep a control over what i'm doing(enable me to stick with my plan and strategy). Able to identify when to increase lot size or take one more position or reduced it!

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Quoting DrDave

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{quote} If you look at multiple TFs and find the "control" TF for direction, then just move to the focus TF and look for the entry setup in the control direction. Check some analyses posted on weekends for the start of the new week and decide for yourself. The plots of price vs time tell where (direction) it's going. How FAR it will go is a bit more elusive, but if you wait for reasonable volatility, you can get a good idea of how far price moves on the average per bar for that...

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Quoting gespiri

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{quote} This may mean that G/U will turn north since it follows it. We'll wait and see.

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Quoting dantpm

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{quote} That would be breach of contract. With notes and bonds, if no one wants your debt instruments, I guess you can increase the rate retroactively, which make 0 sense for existing notes. It is just giving away tax payer money!

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Quoting bilal1947

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{image}

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