Cable Update (GBPUSD)

Looking to go long at 12050 area again

short still on, long orders below 1.202X

and for now i'm off chart.

not any old bank, Goldman Sachs no less...

the pig climbed the tree and can't come down

short 1.2085 sl 25 tp sl

win or lose i am done for today

Ok so US data wasn’t great but so much support here. Need a break below 12070

remember saying this on the early hours GMT on the 17th ...

GU

Pinned to RSF zone
BO/RT pushing to break TL for target.

fastest lose

This is cross cultural... We call son as a kid. a slang word

said Whale was a idiot for going long!!!

Got more 10 pips

hello mister uj
3 wins = 60 pips
2 loses =-20 pips
total = +40pips

Drop MF Moty get ya hammer out

Agree with you on that, as The decline in January's UK PMIs indicates that the manufacturing sector is starting off 2023 on a weak note, similar to the way it concluded 2022. Not good sign .

Then the forecast anticipates two consecutive 25 basis point rate hikes at the upcoming meetings on March 23rd and May 11th, with the Bank Rate potentially peaking at 4.5%.
However, we acknowledge the potential risks to our projections, as the Bank of England faces the challenge of combating inflation.

The only factor holder her up now is, GBP received a boost from an unexpected monthly budget surplus, which presents a generally more favorable outlook for government finances in the upcoming fiscal year prior to next month's budget.

The Chancellor could potentially utilize some of the extra funds to alleviate the burden of domestic cost of living pressures.

Then the last point that I can think of is,The European Union (EU), United Kingdom (UK), and Japan are facing more severe economic challenges than the United States due to energy shortages, and as a result, the DXY has initiated its next long-term upward trend as reality sinks in.

It is only a matter of time until the Federal Reserve has to monetize the US debt.

In my opinion, the market is aware of this and is anticipating the event to occur within the next six months.

Back. I'm instinctively aware of how red news move markets, I'm also looking into lower impact data. Those just suit my trades more.

Today, S&P global PMI are big movers. But, I'm looking at data like US home sales, and also treasuries yield.

S&P global data for US were good, so short term bid is expected. Now, how do I use less impactful data near team, for my medium term positionings?

Home sales: it's a precursor to non-farm, ISM manufacturing, and construction spending. The pendulum on expansion/contraction generally lies on construction. Services, wages, retails may be volatile from time to time, but the ultimate straw that breaks the camel's back is the home sales, i.e. inventory and ask price. It's also a not so sticky indicator. If, and when, an economy is entering recession, housing market is probably a reliable indicator. In that case, whether Fed gets is soft landing, we'll just have to look at how US real estate market is performing. Not so much on stocks or equities, less so on bonds, more on demands on buildings and structures.

Treasuries: we'll have 3-month, 6-month, 1-yr and 2-yr yields from auctions today. Now, whether the market thinks Fed will hike, or pause, largely reflective on the short-term yields. Longer term notes and bonds are usually priced at a premium, as an incentive for longer holding commitments. But, if the spreads between short and longer term securities narrows, then we're talking about the inversion in incentive structure, favoring short term, as returns on these are more attractive, and market expects Fed funds rate to go lower further down the road.

Later this week, we'll have G20 fiscal and monetary policymakers meeting, followed by a speech/talk from "new" BOJ governor Ueda. G20 should set the stage for Q2 and Q3 global risk outlook and FX flows. I would expect further repricing into FOMC in March, and a sideway trade through to May '23.

FedWatch CME now has expected Fed hike by 25 bps in Jun '23 - something I had been talking about, and a cut of 25 bps in Dec '23 - something I had been saying will likely get pushed further back into '24. My view is that, expect some moderately hawkish tone, at least until Jackson Hole in Aug '23.

resistance 29 to 00, support 73, just now: no trade

Since Moty only got one hammer, he is utilising it on USD/JPY.
Thus, you're without any hammer to complete the task. Blame it on Moty.........

Federal Reserve has to monetize the US debt.

Print more money!

darn!! Right time to take the scalp for time being then lol