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Cable Update (GBPUSD)

  • #693,661
  • Oct 9, 2022 4:42am Oct 9, 2022 4:42am
Quoting Houtbay
Cable trend is currently upwards on opening
Truth, all TF are up and probably on Monday price will kiss 1.5.
  • #693,662
  • Oct 9, 2022 4:44am Oct 9, 2022 4:44am
"When £2 becomes £1"
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  • #693,663
  • Oct 9, 2022 4:47am Oct 9, 2022 4:47am
Quoting TheWolf
{quote} It will definitely get worse. Recession is inevitable from this point for everyone. It just doesn't matter anymore. Powell made it clear they know what's coming (recession), but it just does not matter. They will keep raising rates as long as it is possible to do so. Powell made it clear they know how this affects people but there is nothing Fed is able to do about it from this point on. Yes, they're risking depression, but this is the risk they are willing to take and will take. I told you, we are not even halfway through the shit we are...
As long as the Ukraine / Russia conflict is sustained it will continue to drive the planet into a global recession.

The fed is on track to remove the 300 billion that they injected into the economy to stimulate the economy during Covid19 but it will take months.

Wages in the US have increased as a result of government minimum wage increases and Covid19 consequences where people left the workforce and now have to be paid higher wages to get them back to work.

Inflation will come down as time passes and the fed maintains the higher rates but it is going to take time.
  • #693,664
  • Oct 9, 2022 4:48am Oct 9, 2022 4:48am
Quoting TheWolf
{quote} It will definitely get worse. Recession is inevitable from this point for everyone. It just doesn't matter anymore. Powell made it clear they know what's coming (recession), but it just does not matter. They will keep raising rates as long as it is possible to do so. Powell made it clear they know how this affects people but there is nothing Fed is able to do about it from this point on. Yes, they're risking depression, but this is the risk they are willing to take and will take. I told you, we are not even halfway through the shit we are...
Powell did in fact said they will not hesitate to hike to tame inflation to their objective 2% even if it hurts the economy and labour market!
More time in the market, does not mean you trade better!
  • #693,665
  • Oct 9, 2022 4:58am Oct 9, 2022 4:58am
Quoting dantpm
{quote} As long as the Ukraine / Russia conflict is sustained it will continue to drive the planet into a global recession. The fed is on track to remove the 300 billion that they injected into the economy to stimulate the economy during Covid19 but it will take months. Wages in the US have increased as a result of government minimum wage increases and Covid19 consequences where people left the workforce and now have to be paid higher wages to get them back to work. Inflation will come down as time passes and the fed maintains the higher...
Tbh, majority of the workers never wanted to left the workforce. It was the company who laid off them when Covid hit.
Same here happening in my country in the tourism industry. There are people who worked for 30+ years for the hotels, but when lockdown occurred they get laid off and without their lump sum being paid. 30+ years of service to the company Wasted. Today, the same hotel are now licking peoples' arses to apply for the vacancy. They are getting almost to no applicants. No one, even the youth are not giving a damn about their *well paid salaries.
They need to bring foreigners to work in their hell!
More time in the market, does not mean you trade better!
  • #693,666
  • Oct 9, 2022 5:00am Oct 9, 2022 5:00am
Quoting Waveskierrob
"When £2 becomes £1"{image}

Liz turn :
I wanna really, really, really wanna zig a zig ah!
  • #693,667
  • Oct 9, 2022 5:01am Oct 9, 2022 5:01am
Central Bank Digital Currency (CBDC)

While the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, we have been exploring the potential benefits and risks of CBDCs from a variety of angles, including through technological research and experimentation. Our key focus is on whether and how a CBDC could improve on an already safe and efficient U.S. domestic payments system.
CBDC is generally defined as a digital liability of a central bank that is widely available to the general public. Today in the United States, Federal Reserve notes (i.e., physical currency) are the only type of central bank money available to the general public. Like existing forms of money, a CBDC would enable the general public to make digital payments. As a liability of the Federal Reserve, however, a CBDC would be the safest digital asset available to the general public, with no associated credit or liquidity risk.
The Federal Reserve Board has issued a discussion paper that examines the pros and cons of a potential U.S. CBDC. As part of this process, we sought public feedback on a range of topics related to CBDC. The Federal Reserve is committed to hearing a wide range of voices on these topics.
  • #693,668
  • Oct 9, 2022 5:12am Oct 9, 2022 5:12am
What are you guys talking about???
The trend is obviously Bearish:
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The problem is that UK can not afford to let GBP fall lower.
So, it can be a disaster for the UK, if GBP falls lower.
If the situation can turn the trend around? That is the million dollar question!
I will predict that it is more likely to go sideways. Maybe for quite a long time?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #693,669
  • Oct 9, 2022 5:12am Oct 9, 2022 5:12am
Quoting Jolita
{quote} Liz turn : I wanna really, really, really wanna zig a zig ah!
How was the party yesterday? Does your friends think you have the best PM ever?

To be honest, if I had to choose the worst PM...actually they are all the same for almost every country..
  • #693,670
  • Oct 9, 2022 5:18am Oct 9, 2022 5:18am
Quoting BestTraderEv
What are you guys talking about??? The trend is obviously Bearish: {image}The problem is that UK can not afford to let GBP fall lower. So, it can be a disaster for the UK, if GBP falls lower. If the situation can turn the trend around? That is the million dollar question! I will predict that it is more likely to go sideways. Maybe for quite a long time?
Never assume currency can't drop more than it already has. People, myself included back then thought 135 is THE TOP on USD/JPY and that there is no way on Earth it could go higher.. so much for that. Now, it will actually reach close to 150 in my opinion (this week). Oh... Pound's fate against USD will be decided this Thursday. Sideways.. I don't think so. We are in the last Q, most volatile Q out of all. Hence, prepare!
  • #693,671
  • Oct 9, 2022 5:28am Oct 9, 2022 5:28am
Quoting TheWolf
{quote} How was the party yesterday? Does your friends think you have the best PM ever? To be honest, if I had to choose the worst PM...actually they are all the same for almost every country..
Thanks for asking.
40th B'day party was super fun, haven't seen my friend for 2 years, We were 9 of us, had a lovely dinner at The Drift, followed by the clubbing next door. I managed to skip out early, as we have never ending train strikes. London streets are packed with yongsters queuing to get in to night clubs, one I saw last night 500 meter long. Crazy..

No one is pleased to have Truss as MP, just ignore.
  • #693,672
  • Oct 9, 2022 5:32am Oct 9, 2022 5:32am
Quoting Jolita
{quote} Thanks for asking. 40th B'day party was super fun, haven't seen my friend for 2 years, We were 9 of us, had a lovely dinner at The Drift, followed by the clubbing next door. I managed to skip out early, as we have never ending train strikes. London streets are packed with yongsters queuing to get in to night clubs, one I saw last night 500 meter long. Crazy.. No one is pleased to have Truss as MP, just ignore.
I love Truss even more entertaining than Bojo...
  • #693,673
  • Oct 9, 2022 5:41am Oct 9, 2022 5:41am
Quoting Jolita
{quote} Thanks for asking. 40th B'day party was super fun, haven't seen my friend for 2 years, We were 9 of us, had a lovely dinner at The Drift, followed by the clubbing next door. I managed to skip out early, as we have never ending train strikes. London streets are packed with yongsters queuing to get in to night clubs, one I saw last night 500 meter long. Crazy.. No one is pleased to have Truss as MP, just ignore.
Well, this is purely a consequence of covid. Everyone is itching to go out now when there are no restrictions anymore. I prefer seeing that many people, than not seeing anyone. That means they failed with covid and life continues to go as intended.

Awesome!

You didn't bore them with your thoughts on where Pound will be vs USD this week did you? Hihi
  • #693,674
  • Oct 9, 2022 5:45am Oct 9, 2022 5:45am
Quoting TheWolf
{quote} Never assume currency can't drop more than it already has. People, myself included back then thought 135 is THE TOP on USD/JPY and that there is no way on Earth it could go higher.. so much for that. Now, it will actually reach close to 150 in my opinion (this week). Oh... Pound's fate against USD will be decided this Thursday. Sideways.. I don't think so. We are in the last Q, most volatile Q out of all. Hence, prepare!
4hr and Monthly
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  • #693,675
  • Oct 9, 2022 5:45am Oct 9, 2022 5:45am
Me self don chop red badge oh abi na tick i go call am
My telegram: https://t.me/avidforex
  • #693,676
  • Oct 9, 2022 5:46am Oct 9, 2022 5:46am
Quoting Waveskierrob
{quote} I love Truss even more entertaining than Bojo...
BoJo was always acting like that kid who stole the candy but knew he could get away with it.
  • #693,677
  • Oct 9, 2022 5:46am Oct 9, 2022 5:46am
Quoting Whale
{quote} Truth, all TF are up and probably on Monday price will kiss 1.5.
never know but if this happens, i will feel like i have just been touched by God
  • #693,678
  • Oct 9, 2022 5:48am Oct 9, 2022 5:48am
Quoting Waveskierrob
"When £2 becomes £1"{image}
  • #693,679
  • Oct 9, 2022 5:48am Oct 9, 2022 5:48am
Quoting Jolita
{quote} 4hr and Monthly {image}{image}
Nice! It's funny..I also got long signal at similar spot there on Monthly Chart. LoL
  • #693,680
  • Oct 9, 2022 5:50am Oct 9, 2022 5:50am
Quoting nAVIN2007
{quote} never know but if this happens, i will feel like i have just been touched by God
If that happens I'll throw everything I have on one trade going short.
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