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Cable Update (GBPUSD)

  • #734,281
  • Mar 7, 2023 12:24am Mar 7, 2023 12:24am
Quoting Moty
{image}
Recently, it has been difficult to make even a small number of pips, isn't it?
  • #734,282
  • Mar 7, 2023 12:25am Mar 7, 2023 12:25am
Usually 2050,2150,2250... all middle numbers are respected until LO.

Never usually breaks in FF
Intraday only.
  • #734,283
  • Mar 7, 2023 12:26am Mar 7, 2023 12:26am
Quoting AlfieSolomon
{quote} There's a swing high @ 1.20887 above 1hr supply that you mentioned yesterday, do you think the market can raid that high without respecting that supply
It could. I think i mentioned it could go as high as 1.21. this will be one to scale in. So i'll put in a third at my level, then more on confirmation. 1.2080 is 1 deviation away from asia range, so it could go there too
  • #734,284
  • Mar 7, 2023 12:28am Mar 7, 2023 12:28am
Quoting france001
Given that the FED has been raising interest rates for the past six months, is it reasonable to expect a decline in the value of non-US dollar currencies?
My view is that the pace of the Fed's past rate hikes has already had an impact on the market, and again is history.
It is the path of future rate hikes that will be the key factor in the value of the currency.
So it's the economic data that plays a decisive role, CPI, PCE, non-farm payrolls, etc.
Just follow the trend.
  • #734,285
  • Mar 7, 2023 12:34am Mar 7, 2023 12:34am
Quoting france001
Given that the FED has been raising interest rates for the past six months, is it reasonable to expect a decline in the value of non-US dollar currencies?
Hey mate, that history and new money dont bet on history, instead they bet on what is expected to happen in the future.
i.e. down the road, what is the expected response from FED and/or BOE, thus this is where we will be heading in the medium term for cable
More time in the market, does not mean you trade better!
  • #734,286
  • Mar 7, 2023 12:47am Mar 7, 2023 12:47am
Quoting dantpm
{quote} What was the problem?
The app allowed me to update yesterday. This option wasn't there the other day.
I'm enjoying the wins because I was once terrified by loses
  • #734,287
  • Mar 7, 2023 12:48am Mar 7, 2023 12:48am
Quoting lucaswalliam
{quote} My view is that the pace of the Fed's past rate hikes has already had an impact on the market, and again is history. It is the path of future rate hikes that will be the key factor in the value of the currency. So it's the economic data that plays a decisive role, CPI, PCE, non-farm payrolls, etc.
looks like the current CPI is still too high for the Federal Reserve's preference. This means that it's possible the Fed will increase interest rates again
  • #734,288
  • Mar 7, 2023 12:50am Mar 7, 2023 12:50am
Quoting Erto
{quote} The app allowed me to update yesterday. This option wasn't there the other day.
Gremlins!
  • #734,289
  • Mar 7, 2023 12:53am Mar 7, 2023 12:53am
Quoting france001
{quote}looks like the current CPI is still too high for the Federal Reserve's preference. This means that it's possible the Fed will increase interest rates again
Yes. But in what way it will be added and where the end rate will go is the focus.
My guess is that Powell's speech today will not give much signal either. Because that's what he always does.
Just follow the trend.
  • #734,290
  • Mar 7, 2023 12:54am Mar 7, 2023 12:54am
Frankfurt isn't moving anything today.
That's a surprise.
Exhausted
  • #734,291
  • Mar 7, 2023 12:58am Mar 7, 2023 12:58am
Quoting Elysion
Frankfurt isn't moving anything today. That's a surprise.
frankfurt opens in 2 minutes;-)
trading is like dancing, don't think and just listen to the music!
  • #734,292
  • Mar 7, 2023 12:58am Mar 7, 2023 12:58am
Quoting Elysion
Frankfurt isn't moving anything today. That's a surprise.
Frankfurt starts in 2 mins
  • #734,293
  • Mar 7, 2023 12:59am Mar 7, 2023 12:59am
Snap @ Birdland
  • #734,294
  • Mar 7, 2023 1:03am Mar 7, 2023 1:03am
Quoting mysterio
{quote} Frankfurt starts in 2 mins
Ohh, I got my timing wrong.
Hah damn
Exhausted
  • #734,295
  • Mar 7, 2023 1:04am Mar 7, 2023 1:04am
Watch out for Powell later,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230307-090251.png Size: 79 KB
I'm enjoying the wins because I was once terrified by loses
  • #734,296
  • Mar 7, 2023 1:05am Mar 7, 2023 1:05am
confusing.. bull bear bull bear
  • #734,297
  • Mar 7, 2023 1:08am Mar 7, 2023 1:08am
Quoting silverjazz
confusing.. bull bear bull bear
most of the time its always like that:

https://www.myfxbook.com/community/outlook/GBPUSD
trading is like dancing, don't think and just listen to the music!
  • #734,298
  • Mar 7, 2023 1:14am Mar 7, 2023 1:14am
Looked away for 3 mins, whole thing shot past 1.2047.
Exhausted
  • #734,299
  • Mar 7, 2023 1:22am Mar 7, 2023 1:22am
adding sell@2060
trading is like dancing, don't think and just listen to the music!
  • #734,300
  • Mar 7, 2023 1:23am Mar 7, 2023 1:23am
Halifax whaaat?? So it finally took a low-impact piece of data to have the high impact of breaking past that hard-headed 2048
Note to self: Stop underestimating the potential impact of any fundamentals that do not have a red flag.
I'm still gonna look to SHORT though... Lol I'm stubborn like that!
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