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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

right remember the rules watch your fibs
Quoting Pat Chiko
{quote} UK Central bank buying unlimited bonds (to save the investment banks. Noboy is buying it. UK Govt trying to save the bank that gives margin to Pension Fund. Not the pension funds, as they sold it to the public aka Tax Payer Money by QE aka Print more money. It's funny how there's never enough money...but yet somehow they magically conjured up £45 BILLION in two days to buy "failing" bonds. All these intervention/bailouts sure as hell doesn't sound like a free market...
So the actual demand for pound is literally from BOE. When they are done playing superhero from saving pension funds, the pound will go down.
Then this won't make the investment banks come close to their margin calls again*!
What BOE would do then? Another intervention
Trade at good levels or no trade at all!
Quoting greed
I see a lot of people here talking about the BOE buying the pound and pushing it higher, but where do you guys all get this assumption from? All the BOE announced is buying mostly long term guilts i can not read it anywhere that they planned to buy pound. Also the approved budget for intervention wouldn't give them enough firepower to push it up >300 pips in my opinion.
In simpler terms - BoE issue Bond and buying it ( by printing more money)
This money is to save Investment Banks that Pension Funds are having margin call.

When Bond issued by BoE ( buy back with new print money), this will boost up the Bond yield and push GBP.
In return all these bons are going to be paid by the UK people from their Tax money in future.

I think that's the simplest laymen term I can put here.

In short, it is known as "Ponzi Scheme"
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I come from the future.
Quoting Moty
very risky {image}
I think so. If she want to go up more. Need to retrace first
naked trader ~ GBPUSD only!
Quoting greed
I see a lot of people here talking about the BOE buying the pound and pushing it higher, but where do you guys all get this assumption from? All the BOE announced is buying mostly long term guilts i can not read it anywhere that they planned to buy pound. Also the approved budget for intervention wouldn't give them enough firepower to push it up >300 pips in my opinion.
You cannot know everything. And in the world of finance not everything is laid bare for you to know. If it were that simple smart geniuses would have cracked the forex code. Forex still humbles geniuses till thy Kingdom come!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Pat Chiko
{quote} In simpler terms - BoE issue Bond and buying it ( by printing more money) This money is to save Investment Banks that Pension Funds are having margin call. When Bond issued by BoE ( buy back with new print money), this will boost up the Bond yield and push GBP. In return all these bons are going to be paid by the UK people from their Tax money in future. I think that's the simplest laymen term I can put here. I short, it is known as "Ponzi Scheme"
Scam 2022
Trade at good levels or no trade at all!
Quoting donfriday
{quote} hahaha u choose the lower line but u forget his arrow
Insolvent
Quoting Fardeen1209
{quote} Scam 2022
Waititng game, hope it reach there for another round of push

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I come from the future.
Quoting Pat Chiko
{quote} In simpler terms - BoE issue Bond and buying it ( by printing more money) This money is to save Investment Banks that Pension Funds are having margin call. When Bond issued by BoE ( buy back with new print money), this will boost up the Bond yield and push GBP. In return all these bons are going to be paid by the UK people from their Tax money in future. I think that's the simplest laymen term I can put here. I short, it is known as "Ponzi Scheme" {image}
Sooner than later, a simple mistake from BOE would collapse GU below parity!
Trade at good levels or no trade at all!
Quoting greed
I see a lot of people here talking about the BOE buying the pound and pushing it higher, but where do you guys all get this assumption from? All the BOE announced is buying mostly long term guilts i can not read it anywhere that they planned to buy pound. Also the approved budget for intervention wouldn't give them enough firepower to push it up >300 pips in my opinion.
the BoE is not buying GBP.
But their intervention in the bond market has calmed the market somewhat and so confidence in the GBP has returned - just a tad, pushing it higher.

nice article:
https://www.dailyfx.com/news/british...-20220929.html
in wondering about yourself, you forgot what you came here to be part of
Quoting Fardeen1209
{quote} Sooner than later, a simple mistake from BOE would collapse GU below parity!
i keep saying it:
we are heading for super parity:
USD=GBP=EUR
in wondering about yourself, you forgot what you came here to be part of
Quoting Pat Chiko
{quote} Waititng game, hope it reach there for another round of push {image}
Unless she decided to RT that level.
Can BoE hold to float GBP in long term ?.

May see some movement after US lunch break
And they may raid during Tokyo.
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I come from the future.
Quoting Pat Chiko
{quote} Last week it was Japan intervention (FX), yesterday it was the UK intervention (bonds), and today it is China intervention (FX). Do you see a pattern? This cycle is different, and major countries are fighting market dynamics in a way we have not seen since the 1970-1980 period.
oooo god
Quoting knkie
{quote} the BoE is not buying GBP. But their intervention in the bond market has calmed the market somewhat and so confidence in the GBP has returned - just a tad, pushing it higher. nice article: https://www.dailyfx.com/news/british...-20220929.html
Thanks
I come from the future.
Quoting Mitiblotch
{quote} You cannot know everything. And in the world of finance not everything is laid bare for you to know. If it were that simple smart geniuses would have cracked the forex code. Forex still humbles geniuses till thy Kingdom come!
Hey Bro.

No necessary smart, but they ( the authority/Govt/Central Bank) are manipulative in the process.
However smart one are, when comes to intervention, all theories gone done the drain.

At this point, BoE trying to save Investment Bank ( like US did to Lehman Bros).
We are at the mercy of market, if some large investment Bank from US decided to short GBP tonight as they know how much money BoE put into QE and buying bonds.

Just stay vigilant.
I come from the future.
Quoting knkie
{quote} the BoE is not buying GBP. But their intervention in the bond market has calmed the market somewhat and so confidence in the GBP has returned - just a tad, pushing it higher. nice article: https://www.dailyfx.com/news/british...-20220929.html
Thanks bud. That was a damn good post!
Trade at good levels or no trade at all!
Quoting knkie
{quote} the BoE is not buying GBP. But their intervention in the bond market has calmed the market somewhat and so confidence in the GBP has returned - just a tad, pushing it higher. nice article: https://www.dailyfx.com/news/british...-20220929.html

so this is actually what i believe too. I don't think the BoE is intervening directly in buying the pound, but it's more like speculators who are trying to make some advantage of this. The same we saw yesterday with the stock market all over.

But how is the BoE successful if all yields did rise today?! Didn't they want to stop it from rising?
Quoting Pat Chiko
{quote} Hey Bro. No necessary smart, but they ( the authority/Govt/Central Bank) are manipulative in the process. However smart one are, when comes to intervention, all theories gone done the drain. At this point, BoE trying to save Investment Bank ( like US did to Lehman Bros). We are at the mercy of market, if some large investment Bank from US decided to short GBP tonight as they know how much money BoE put into QE and buying bonds. Just stay vigilant.
Do you really think a bank would take this kind of risk in this market environment?
Quoting greed
{quote} Do you really think a bank would take this kind of risk in this market environment?
BoE or Investment Bank ? you're asking here.

If BoE, they are following Trusseconomic and instruction.
Investment Bank already screw the Pension Fund money, the asked Govet for bailed out by issing new bond and buy it back with new money.

End of the end , the people have to pay for it. The risk is always on the Tax payer and people.
I come from the future.
Quoting greed
{quote} Do you really think a bank would take this kind of risk in this market environment?
For us retail traders is 'this market environment' for them hedge funds is an opportunity. When one massive short took place against GBP, everbody else will follow from wall street to Japanese dont know what their street.
In short, the east will join the west to screw the middle one. It will be a threes*#..
Trade at good levels or no trade at all!
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