Cable Update (GBPUSD) | Page 36283 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #725,641
  • Feb 2, 2023 7:24am Feb 2, 2023 7:24am
Quoting Robinhood1
Going to be showing off with a few swing trading predictions and then i am off. Gbpnzd: buying starts around 1.8870 eurgbp: selling starts around 0.8965 eurcad: selling starts around 1.4705
we still have to see eurcad
POSTMASTER
  • #725,642
  • Feb 2, 2023 7:26am Feb 2, 2023 7:26am
12th day in the range and we had 2 interest rate hike announcements. GU is still inside last week's range.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.02 1H.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #725,643
  • Feb 2, 2023 7:28am Feb 2, 2023 7:28am
USD Unemployment Claim in 2 mins. :/
Exhausted
  • #725,644
  • Feb 2, 2023 7:35am Feb 2, 2023 7:35am
It is clear that BOE and ECB are still having issues with inflation. BOE did give us a hint that inflation will be coming down but as far as I’m concerned they will still be raising rates probably for March . ECB has already confirmed that will be doing additional 50 bps in March . This along with USD weakness justifies my positions still. Will hold my usd shorts for now
Master your mind. Master Trading.
  • #725,645
  • Feb 2, 2023 7:35am Feb 2, 2023 7:35am
Quoting Elysion
USD Unemployment Claim in 2 mins. :/
data not too bad for USD could see a drop below 123
Insane in the Brain..
  • #725,646
  • Feb 2, 2023 7:37am Feb 2, 2023 7:37am
Quoting SnailFX
{quote} USD/CHF 0.91000 (Active).
USD/CAD 1.33000 (Active).
  • #725,647
  • Feb 2, 2023 7:38am Feb 2, 2023 7:38am
Closed partially GU long at 1.232 - 1.233 zone, will see if it continue upwards to 1.24 or not. :/
Exhausted
  • #725,648
  • Feb 2, 2023 7:38am Feb 2, 2023 7:38am
Quoting KareemAliFx
It is clear that BOE and ECB are still having issues with inflation. BOE did give us a hint that inflation will be coming down but as far as I’m concerned they will still be raising rates probably for March . ECB has already confirmed that will be doing additional 50 bps in March . This along with USD weakness justifies my positions still. Will hold my usd shorts for now
Expect inflation issues till 2034
POSTMASTER
  • #725,649
  • Feb 2, 2023 7:39am Feb 2, 2023 7:39am
On ECB, we'll have Lagarde in 10 mins.

The policy decision they released 15 mins ago began with this statement:

"The Governing Council will stay the course in raising interest rates significantly at a steady pace and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. "

Obviously, there's still room for ECB to go if they want to go on hiking. Now, at 2.5%, Euro area interest rate is still comparatively lower than US and England.

On macro, there're indicators supporting Euro for medium to longer term. One may attribute that to a weaker US dollar, liquidity wise yes, but I won't see it that way. US dollar will weaken, but Euro strength doesn't necessarily have to depend on a weaker dollar.

Let's not forget on the maturity of one dollar liquidity swap today, 2 Feb that worths $426MM, between Fed and ECB. That swap line was drawn, I believe with a settlement rate of 4.58%, which was the rate prior to Fed hike yesterday.
  • #725,650
  • Feb 2, 2023 7:39am Feb 2, 2023 7:39am
Quoting BeeTogether
{quote} data not too bad for USD could see a drop below 123
Didn't see any significant impact though. Hmm.
Exhausted
  • #725,651
  • Feb 2, 2023 7:40am Feb 2, 2023 7:40am
Quoting BeeTogether
{quote} data not too bad for USD could see a drop below 123
Labor rates down, productivity up and unemployment in line, no reason for it to move the rates in the data.
  • #725,652
  • Feb 2, 2023 7:42am Feb 2, 2023 7:42am
boring just now! Ms Lagarde 2 times today !
  • #725,653
  • Feb 2, 2023 7:43am Feb 2, 2023 7:43am
Quoting maxi444
boring just now! Ms Lagarde 2 times today !
its boring because it must break the range with low vol.
  • #725,654
  • Feb 2, 2023 7:43am Feb 2, 2023 7:43am
Im waiting for the h4 candle to close im fully with gu today she has been doing well
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
  • #725,655
  • Feb 2, 2023 7:44am Feb 2, 2023 7:44am
Quoting Whale
{quote} I dont know.. IMO GU running on smart money concept (Wyckoff) pattern. and we could be on the last rally that should or i may say could failed we need to wait for Frunkfurt..we could get nice high to hunt {image}
!!!! valid !!!!
  • #725,656
  • Feb 2, 2023 7:44am Feb 2, 2023 7:44am
Quoting Robinhood1
{quote} Expect inflation issues till 2034
Okay time to buy Bitcoin
Master your mind. Master Trading.
  • #725,657
  • Feb 2, 2023 7:45am Feb 2, 2023 7:45am
15M for H4 to close..
  • #725,658
  • Feb 2, 2023 7:45am Feb 2, 2023 7:45am
Quoting cchin
On ECB, we'll have Lagarde in 10 mins. The policy decision they released 15 mins ago began with this statement: "The Governing Council will stay the course in raising interest rates significantly at a steady pace and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. " Obviously, there's still room for ECB to go if they want to go on hiking. Now, at 2.5%, Euro area interest rate is still comparatively lower than US and England. On macro, there're indicators supporting...
1.1200 is the level to watch for the EURUSD.

Cheers
Guy
  • #725,659
  • Feb 2, 2023 7:50am Feb 2, 2023 7:50am
bought from 1.231, stop loss under 1.225, target 1.24+
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #725,660
  • Feb 2, 2023 7:52am Feb 2, 2023 7:52am
Quoting KareemAliFx
{quote} Okay time to buy Bitcoin
That was around 16K. It will reach 400k. As an investment, good buy now
POSTMASTER
414 traders viewing now, 2 are registered:
,
AlphaGM