Cable Update (GBPUSD)

Quoting DubaiFX

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{quote} READ It Carefully,

‘Will the Fed start to cut interest rates?”

“No. The market expects the Federal Funds rate to peak at 4.9 per cent in the first half of 2023 and then fall to 4.7 per cent in September and 4.4 per cent in December. But the great majority of members of the Open Market Committee believe the rate will end 2023 at 5 per cent, or more. This latter forecast will prove correct. As Fed chair Jay Powell warned in November, “History cautions strongly against prematurely loosening policy. We will stay the course until the job...

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Quoting DubaiFX

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Say Hello to Asian Markets... In Asia, China has fallen down the rabbit hole but we must beware making premature judgments because China can always surprise to the upside–and maybe the bottom is in, if January has the worst of the Covid outbreak and the economy comes roaring back after the lunar holiday (Jan 22 to Feb 6). And of course everyone now expects 2023 to be the year of the yen, going to 125 or maybe 110. Where does this leave the dollar? Probably falling some more, but stay tuned. $$$ Might Surprise You.. It was Not a Waste of Time,...

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Quoting Pat Chiko

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{quote} GU To : tooslow try this, can you enlarge it ?. {image}

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Quoting Wavegarrick

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{quote} The above trade at 1.19595 turning out good Folks. Here's the thing. We are at a yearly pivotal point with my yearly pivot at 1.2055. A strong break up or down will determine direction for the first quarter of this year. Having said, liquidity is thin and will remain so until February 2023. Moves will be used to trap either buyers or sellers. I speak from experience as I have lost most of my trading accounts in this period in the past. Because of thin liquidity you could find wild spikes up or down with big pip values, and the notion of...

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Quoting tiborf71

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{quote} actually it is a GRID version?

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Quoting Wavegarrick

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{quote} The above trade at 1.19595 turning out good Folks. Here's the thing. We are at a yearly pivotal point with my yearly pivot at 1.2055. A strong break up or down will determine direction for the first quarter of this year. Having said, liquidity is thin and will remain so until February 2023. Moves will be used to trap either buyers or sellers. I speak from experience as I have lost most of my trading accounts in this period in the past. Because of thin liquidity you could find wild spikes up or down with big pip values, and the notion of...

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Quoting Pat Chiko

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{quote} GU To : tooslow try this, can you enlarge it ?. {image}

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Quoting Waveskierrob

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{quote} Great live trading Pat putting the after that fact traders to shame... {image}

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Quoting BigNumbers

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1.19971 remain a question mark.... Price was meant to do a simple retest of this level and continuing going up... Delay in testing this level means a reversal to the downside....

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Quoting Pat Chiko

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{quote} It is called transparent. When I'm down, I show my trades. No adjusting to chart of price N3 or Exit. I'm not hiding when I'm in negative position. The opposite when Karen has overweight ego to protect.......... (over weight issue)

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Quoting Pat Chiko

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GU Gimme one spike FOMC Mom............. If anyone nedd to wee wee, please do it now before the news........{image}

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Quoting DubaiFX

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Happy New Year Guys, here are Some Facts about Pound, and USD also. Over the holiday, the IMF’s managing director said “that a third of the global economy and half of the EU would be hit by recession this year,” according to the FT. And the UK will be the worst among the many, due in part of incompetent management. “The UK will face one of the worst recessions and weakest recoveries in the G7 in the coming year, as households pay a heavy price for the government’s policy failings, Unknown economists say..

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Quoting Waveskierrob

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{quote} So true, let's face it any monkey can post winning charts after they've happened...

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