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Cable Update (GBPUSD)

  • #725,401
  • Feb 1, 2023 1:59pm Feb 1, 2023 1:59pm
Quoting SnailFX
Further rate hikes, no mention of pausing, tight labour market.. this is bullish for USD in my opinion.
True and in addition to that, U.S. FED TERMINAL RATE FALLS TO UNDER 4.9% AMID POWELL COMMENTS; END-2023 FED FUNDS RATE FALLS BELOW 4.4%, AS MARKETS PRICE IN RATE CUTS
I'm enjoying the wins because I was once terrified by loses
  • #725,402
  • Feb 1, 2023 2:03pm Feb 1, 2023 2:03pm
Quoting Reverso
{quote} Don't think they will say it out, it will appear as weak. Look at what they do, check the past rate hike trend, was raising 75 each time, then 50 last time, and now just 25. They are slowing it down and will eventually stop and cut rates, it's a cycle, you can't just hike forever. If hike is bull usd, cut rate will be short usd, let this news today of reducing rates be the signal of incoming weakness of usd, that's why the price of GU flying up right now i think.
True. However, Fed is clear that they will continue to raise rates and have no pause in sight. I know what you're trying to say and you are right, they will cut rates probably, however Powell today said they're not even thinking about pausing let alone cutting rates. This should sober up the market a little bit.

As is always with any news, first they in the opposite way of what the news say and then they start pricing in the news later after they get rid of the people that bought some currency on it's good news.
  • #725,403
  • Edited 2:20pm Feb 1, 2023 2:04pm | Edited 2:20pm
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https://www.livecharts.co.uk/Members...rex_pivots.php
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  • #725,404
  • Feb 1, 2023 2:05pm Feb 1, 2023 2:05pm
12420 for me will be the resistance area.
Insane in the Brain..
  • #725,405
  • Feb 1, 2023 2:07pm Feb 1, 2023 2:07pm
Quoting Wavegarrick
{quote} A pullback is a pullback is a pullback. Buy trades are a plenty from these levels. Cheers {image}
The way it is. I am getting buy trade confirmation signals from a daily perspective. 1.2400 remains crux.Trade safe.
Cheers.
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Trade to trade another day
  • #725,406
  • Feb 1, 2023 2:08pm Feb 1, 2023 2:08pm
Quoting BeeTogether
12420 for me will be the resistance area.
there is no resistance! Thank u market for 120% profit!
You have an IQ lower than 90 if you interact with this user.
  • #725,407
  • Feb 1, 2023 2:08pm Feb 1, 2023 2:08pm
Quoting SnailFX
Further rate hikes, no mention of pausing, tight labour market.. this is bullish for USD in my opinion.
Attached Image (click to enlarge)
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Master your mind. Master Trading.
  • #725,408
  • Feb 1, 2023 2:09pm Feb 1, 2023 2:09pm
Quoting Erto
{quote} True and in addition to that, U.S. FED TERMINAL RATE FALLS TO UNDER 4.9% AMID POWELL COMMENTS; END-2023 FED FUNDS RATE FALLS BELOW 4.4%, AS MARKETS PRICE IN RATE CUTS
Fed’s Powell: According To Current Outlook, Will Not Be Appropriate For Rate Cuts This Year
  • #725,409
  • Feb 1, 2023 2:10pm Feb 1, 2023 2:10pm
Quoting SnailFX
{quote} True. However, Fed is clear that they will continue to raise rates and have no pause in sight. I know what you're trying to say and you are right, they will cut rates probably, however Powell today said they're not even thinking about pausing let alone cutting rates. This should sober up the market a little bit. As is always with any news, first they in the opposite way of what the news say and then they start pricing in the news later after they get rid of the people that bought some currency on it's good news.
No rate cuts this year as per powell
  • #725,410
  • Feb 1, 2023 2:11pm Feb 1, 2023 2:11pm
EUR/USD sell limit activated at 1.10004.

Buy stop 1.29 USD/JPY.

EUR/USD 1.09 buy has hit sl at 1.10.

USD/JPY trade left open.
  • #725,411
  • Feb 1, 2023 2:13pm Feb 1, 2023 2:13pm
Quoting KareemAliFx
{quote}{image}
I know they will cut, it's obvious they will. However, what Fed says matters. I hope... haha
  • #725,412
  • Feb 1, 2023 2:14pm Feb 1, 2023 2:14pm
Quoting SnailFX
EUR/USD sell limit activated at 1.10004. Buy stop 1.29 USD/JPY. EUR/USD 1.09 buy has hit sl at 1.10. USD/JPY trade left open.
1.29 buy activated.

GBP/USD didn't reach 1.24 ... still time though..
  • #725,413
  • Feb 1, 2023 2:18pm Feb 1, 2023 2:18pm
Well done to Federal Reserve keeping inflation under control to 2%, compared to UK hmmm.
Attached File(s)
File Type: pdf monetary20230201a1.pdf   262 KB | 570 downloads
  • #725,414
  • Feb 1, 2023 2:19pm Feb 1, 2023 2:19pm
US300/NASDACD .... great volatilty!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #725,415
  • Feb 1, 2023 2:19pm Feb 1, 2023 2:19pm
Fed, yeh.
GU , strikes in the UK are probably the most impactful news.
  • #725,416
  • Feb 1, 2023 2:21pm Feb 1, 2023 2:21pm
...that was fun! ...price pulled back from the 1hr prev minor sw hi zone = prev res = pot res, @ current dly hi, and has met some demand on the pullback in another 1hr prev sw hi zone = prev res = pot rbs. 104% of 30day adr traveled so far today lo-hi now. 4hr below shows where the support was found after the rate announce - a few mins pre Powell press conf - in the 4hr/dly part of the prev 1hr/4hr/minor dly sw lo zone to last wk's 2262 lo.

1hr then 4hr below
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Trader with an Edge.
  • #725,417
  • Feb 1, 2023 2:23pm Feb 1, 2023 2:23pm
Tomorrow will be interesting BoE will raise rates as expected but is due to announce no more rises. That could should drop the pair maybe not as much as expected but maybe limit to 12200 the 12050 is where I’d like to see it. Today Fed minutes should have helped but instead Powell was dovish
Insane in the Brain..
  • #725,418
  • Feb 1, 2023 2:24pm Feb 1, 2023 2:24pm
only 3 orders executed!

i was hoping to go up more 70 pips
always for events "GRID" ....
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!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #725,419
  • Feb 1, 2023 2:27pm Feb 1, 2023 2:27pm
Quoting SnailFX
{quote} I know they will cut, it's obvious they will. However, what Fed says matters. I hope... haha
everything about this meeting is bearish, more bearish for USD than I expected. Good luck !
Master your mind. Master Trading.
  • #725,420
  • Feb 1, 2023 2:31pm Feb 1, 2023 2:31pm
Quoting SnailFX
{quote} Fed’s Powell: According To Current Outlook, Will Not Be Appropriate For Rate Cuts This Year
The market is pricing in rate cut as we speak, is against the false FED hawkish
I'm enjoying the wins because I was once terrified by loses
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