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Cable Update (GBPUSD)

  • #695,221
  • Oct 12, 2022 6:50am Oct 12, 2022 6:50am
Quoting bestchao14
Im placing a LONG at 1.1078 {image}
Small trend says we stuck in a range. Big trend says we are still down. I say, best sit on your hands
  • #695,222
  • Oct 12, 2022 6:50am Oct 12, 2022 6:50am
The fate of GBP/USD is closer and closer.

What do I expect? Total hawkishness from Fed today.
4.5% also to remain as year ends goal (currently 3.25%) (75bps and 50bps increase).

What is your opinion people? What do you expect from Fed today?
  • #695,223
  • Oct 12, 2022 6:53am Oct 12, 2022 6:53am
Quoting TheWolf
The fate of GBP/USD is closer and closer. What do I expect? Total hawkishness from Fed today. 4.5% also to remain as year ends goal (currently 3.25%) (75bps and 50bps increase). What is your opinion people? What do you expect from Fed today?
I think they will say hello first
  • #695,224
  • Oct 12, 2022 6:53am Oct 12, 2022 6:53am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 18 KB
yes yes yes
  • #695,225
  • Oct 12, 2022 6:54am Oct 12, 2022 6:54am
market waiting for us PPI
  • #695,226
  • Oct 12, 2022 6:55am Oct 12, 2022 6:55am
Quoting Whale
{quote} I think they will say hello first
I think it'll be "Good afternoon", but what do I know.. you are a red member after all not me..







  • #695,227
  • Oct 12, 2022 6:55am Oct 12, 2022 6:55am
Quoting TheWolf
The fate of GBP/USD is closer and closer. What do I expect? Total hawkishness from Fed today. 4.5% also to remain as year ends goal (currently 3.25%) (75bps and 50bps increase). What is your opinion people? What do you expect from Fed today?
For me, 75bps still on the table.
I think mester talked about positive real rate yesterday, well the gap is still wide but are reducing. So 75bps hike will bring the increase interest rate while further taming inflation rate
More time in the market, does not mean you trade better!
  • #695,228
  • Oct 12, 2022 6:57am Oct 12, 2022 6:57am
Société générale analysts see GBP/USD at parity by the end of the year ..
  • #695,229
  • Oct 12, 2022 6:58am Oct 12, 2022 6:58am
Quoting TheWolf
The fate of GBP/USD is closer and closer. What do I expect? Total hawkishness from Fed today. 4.5% also to remain as year ends goal (currently 3.25%) and 75bps and 50bps increase. What is your opinion people? What do you expect from Fed today?
Fed minutes rarely swing the market, as most of the information is already given in statement and Powell / governors comments (often the market spikes only to reverse later). In any case, hawkishness seems to be mostly priced in, so there may be an asymmetry here: any dovish comment may move the markets much more than hawkish ones.

Anyway, I think it's too early to think about Fed minutes, we have PPI in half an hour.
  • #695,230
  • Oct 12, 2022 6:58am Oct 12, 2022 6:58am
Quoting Bella.al
{quote} Short term view at my end is that cable is heading towards 1.08843 <> 1.07667 completing wave (v) of minutte degree . {image}
Bella.al, why do you think wave:5 might be not in place yet?
Always trade your own plan...I don't provide trading signals.
  • #695,231
  • Oct 12, 2022 6:59am Oct 12, 2022 6:59am
sell limit 1.11500 placed
  • #695,232
  • Oct 12, 2022 6:59am Oct 12, 2022 6:59am
Quoting TheWolf
{quote} I think it'll be "Good afternoon", but what do I know.. you are a red member..
You can take the red badge.
I swear to god its not giving you any advantage in the market.
  • #695,233
  • Oct 12, 2022 7:01am Oct 12, 2022 7:01am
Quoting TheWolf
{quote} I think it'll be "Good afternoon", but what do I know.. you are a red member after all not me..
Good redmemberoon
  • #695,234
  • Oct 12, 2022 7:02am Oct 12, 2022 7:02am
Quoting Fardeen1209
{quote} For me, 75bps still on the table. I think mester talked about positive real rate yesterday, well the gap is still wide but are reducing. So 75bps hike will bring the increase interest rate while further taming inflation rate
Interesting.

I grab this first for bites.
Then GU wanting to spike up to QM ?
Clearing stop and takes up liquidity, with PPI in 30 mins.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,235
  • Oct 12, 2022 7:03am Oct 12, 2022 7:03am
Quoting VM.
{quote} Fed minutes rarely swing the market, as most of the information is already given in statement and Powell / governors comments (often the market spikes only to reverse later). In any case, hawkishness seems to be mostly priced in, so there may be an asymmetry here: any dovish comment may move the markets much more than hawkish ones. Anyway, I think it's too early to think about Fed minutes, we have PPI in half an hour.
Yeah. That totally makes sense about dovishness. Definitely agree.
Well, as far as every Fed Meeting I attended to, price would go up, down, up or down, up, down.

Of course this is total nonsense, but I witnessed it quite a few times already..

What I'm trying to say is, we should stay cool and not rush into trade.

Nice comment!
  • #695,236
  • Oct 12, 2022 7:04am Oct 12, 2022 7:04am
Quoting Whale
{quote} You can take the red badge. I swear to god its not giving you any advantage in the market.


No thanks!
  • #695,237
  • Oct 12, 2022 7:04am Oct 12, 2022 7:04am
USD PPI better or worst than expected , what do you guys think ?
Personally I think the result will be better than expected
  • #695,238
  • Oct 12, 2022 7:07am Oct 12, 2022 7:07am
Quoting Alexandre33
USD PPI better or worst than expected , what do you guys think ? Personally I think the result will be better than expected
I have a difficult time seeing higher energy costs and a flat ppi number.
  • #695,239
  • Oct 12, 2022 7:08am Oct 12, 2022 7:08am
Quoting Alexandre33
USD PPI better or worst than expected , what do you guys think ? Personally I think the result will be better than expected
Which one is better and which one is worse? I expect hot print (imho structural reasons for inflation continue to be underestimated), but probably won't bet on it.
  • #695,240
  • Oct 12, 2022 7:08am Oct 12, 2022 7:08am
Quoting Alexandre33
USD PPI better or worst than expected , what do you guys think ? Personally I think the result will be better than expected
Hmm..
Well, the standard deviation from forecast to actual is at ~0.7%.

This means if we add the last 10 times using this standard deviation, we'll get a 3/10 possibility number will be red and 7/10 that number will be green.

That means... nothing..



Meh.. let it be green.
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