Disliked{quote} I want a reevaluation of the word dumb when i compare it to BidenIgnored
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} I want a reevaluation of the word dumb when i compare it to BidenIgnored
DislikedUSD JPY USDJPY has breached 150 for the first time in 32 years. BOJ intervention at a boiling point ? The BoJ had intervened before (approx $18 billion) and the government doesn’t always announce intervention. US10Y rising at the same time. This is not speculation but sound trading on (rate) fundamentals. Let's see of MoF/BoJ dare to risk another intervention fiasco when Japan opens. FX intervention will not stop JPY from falling. What will stop the JPY from weakening is a change in the...Ignored
Disliked{quote} The simple reason is that those countries are usually too small in population. This earth would always have the good, bad and ugly ones. Leadership is needed. Please name one country with up to 100 million people without a strong leader who is visible and obvious to the people.Ignored
Disliked{quote} Pat as always great presentation. How about a Pat thread or putting this on the USDJPY thread. Personally I like the Pat thread idea.Ignored
DislikedUSD JPY USDJPY has breached 150 for the first time in 32 years. BOJ intervention at a boiling point ? The BoJ had intervened before (approx $18 billion) and the government doesn’t always announce intervention. US10Y rising at the same time. This is not speculation but sound trading on (rate) fundamentals. Let's see of MoF/BoJ dare to risk another intervention fiasco when Japan opens. FX intervention will not stop JPY from falling. What will stop the JPY from weakening is a change in the...Ignored
DislikedI'm going Short, because I was in a short from 1.1384, I think OBR Report is actually more important than Lizz Truss, I was targeting 1.1150, but now think it can go lower. SL=1.1500 I'm going back to that plan. We already knew Penny Mourdant and Hunt have the power and not Lizz Truss. So not much has changed other than the official Announcement. Resignation happened 2 weeks sooner than predicted in the financial press. Yes good she is gone, same Hunt budget.Ignored
Disliked{quote} , BOJ can make something tommorow, the price already touch daily channel... Maybe could be good idea watching before 2 -1 hour before close Tokyo session, usually they manipulate price before close... or they will not do anything and will be something like 155 {image}Ignored
DislikedClosed with +34 pips. I expected the pound to drop after Truss' resignation.Ignored
DislikedCurrencies (GBP, JPY, ....) are likely to stay depressed for a while. What we're experiencing now, is nothing more than overseas US dollar liquidity crisis. There's a Eurodollar shortage. The SNB had just auctioned off $11 billion worth of USD to 17 banks yesterday, 19 Oct. Again, at 3.33% for 7 days maturity. It's more than likely they get that from the US liquidity swap with the Fed. We now had three dollar swaps, billion in value, every week since Oct. First, we had $3.1bn on 5 Oct. Then, $6.2bn on 12 Oct. Now, $11bn? It's likely that this Eurodollar...Ignored
Disliked{quote} Do you mean that it could be like Quantitative Easing(like printing bucks)?, sorry for nooby questions, I'm far from economicsIgnored
Disliked{quote} They probably need to do QE one way or another down the road. The only problem is they can't say that when inflation is still high, and rate hike/tightetning is half way through completion. Let's put it this way, Fed will hike no matter what until 2024. One way to see if Fed was serious in tightening, is to see how much assets (mainly treasuries and MBS) they have sold off their balance sheet. If they follow this path: 75 bps in Nov '22, 75 bps in Dec '22, 50 bps in Mar '23, 50 bps in Jun '23, 25 bps in Jul '23 and 25 bps in Sep '23, then...Ignored