Cable Update (GBPUSD)

Buy trade opened at 1.12500 s/loss 50 pips.
Trade safe.

GU

Long Scalp after ISM news.

Attached Image (click to enlarge)

Attached Image (click to enlarge)

1.12836 will play an important role for my next short positions.

Gu needs to trigger my pending before it moves its ass up...

Pound recovers but remains at low levels – how to assess the long-term value of sterling

The weakening of the pound is also part of a global phenomenon. The US dollar has appreciated by 12% since the end of 2021 against a broad index of currencies, and by more than 20% against the pound. This broad appreciation is attributed to a tightening of US monetary policy and a shift in the risk appetite of investors towards US dollar assets, currently viewed as more of a safe haven.

Given these underlying pressures, questions about the long-term valuation of pound sterling abound, including whether it will settle at parity with the US dollar. An analysis by Bloomberg has shown financial markets believe there is a 60% probability that sterling will reach dollar parity by the end of 2022. A long-term decline in the valuation of the pound increases the price of imported goods, which can feed into consumer price inflation.

Comparing burgers with burgers

Ever heard of the Big Mac Index? Research about long-term movements in exchange rates shows they tend to change in line with relative inflation rates in many countries. This theory, known as purchasing power parity (PPP), uses the price of specific products or baskets of goods to compare currencies and standards of living in different countries.

As such, we can examine the value of the pound compared to other currencies by looking at a single good such as a McDonald’s Big Mac burger. Since this product is the same across countries, the Big Mac can be used to calculate a PPP-implied exchange rate by comparing its price in the UK and the US. In July 2022, the Big Mac Index showed the pound was undervalued by around 14%, based on the exchange rate implied by Big Mac prices in the US versus the UK.

Ref: https://investmacro.com/2022/10/poun...e-of-sterling/

Levels

Pivots. Yesterday's missed pivot was taken out today.

AUDCAD LONG

Take 45 pips

Was talking about equities/index.

short 1.1268

+ 13 pips and out

Waiting in the long grass like Indiara to strike again!

You mocked the market saying "it's like taking candy from a baby"....remember that the markets are patience and will wait to come back and bite you in the ass......just be more patience than the markets...

Don't want to fight the trend, although it should hit $95 latest by tomorrow.

1.10700 is next tp

EURAUD SHORT
target 1.50500

but take 50 pip first.

Yes me too btw I’m buying more right here

long at 1.12423 - risky entry

Update: Closed -12 pips

Gbp Usd short @ 12618
Gold short @ 1709.42 & @ 1706.97

EDIT:
Gbp Usd closed -21...

God bless everyone!