Cable Update (GBPUSD)

Quoting pipcenturion

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{quote} I think we will see 1.2229 this week. Gold led the pack some pairs are still trailing.

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Quoting pipcenturion

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{quote} I think we will see 1.2229 this week. Gold led the pack some pairs are still trailing.

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Quoting emmanuel7788

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{quote} Friday London session it will move ... {image} Weekly will not change. It remains sideways ...narrow range ~ 200pips {image} ...

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Quoting dantpm

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{quote} You aren't the only one asking that question! The justification for holding the US $ as a reserve currency started to ensure currency stabilization. https://www.investopedia.com/article...e-currency.asp Today holding US dollars in a countries treasury doesn't make an economy more stable! Buying or spending foreign currency is a way for central banks to influence the rate of exchange for their currency. Simply put it is foreign currency manipulation by central banks where...

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Quoting Whale

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Strange day. good night.

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Quoting ninner

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There is nothing here at the moment lol

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Quoting Whale

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{quote} there is, but you don't see it, me neither. Ranging, too many times lately.

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Quoting redbars

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{quote} Holding the dollar is just essentially propping up americas heavy bag of debt, allowing them to do as they please, not only that the sanctions they have put on Russia, although justified just proves how much control they have over 'free trade'. This is not me being a gbp bull cause we've been a world reserve currency before and that ended brilliantly lol, im just genuinely stumped when I see whats going on. I genuinely agree with the idea we need a world currency for trade, something that is black and white, un governed, and backed by something...

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Quoting dantpm

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{quote} The US dollar is backed by the US government. How is that something of 'intrinsic' value? It is something that is globally recognized. It actually made sense when the US dollar was backed by gold, pre-Nixon. With the US Fed saying that it can now trade in digital currency that the Fed can withdraw from your bank account or crypto wallet, the intrinsic value of the US dollar just took a huge 'credibility' hit! I believe the world has accepted global markets that are controlling global exchanges and currency values. The need for a reserve...

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Quoting dantpm

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{quote} The US dollar is backed by the US government. How is that something of 'intrinsic' value? It is something that is globally recognized. It actually made sense when the US dollar was backed by gold, pre-Nixon. With the US Fed saying that it can now has the ability to use a digital currency that the Fed can withdraw from your bank account or crypto wallet, the intrinsic value of the US dollar just took a huge 'credibility' hit! I believe the world has accepted global markets that are controlling global exchanges and currency values. The need...

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Quoting Steamroller

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{quote} I can remember going into a restaurant with some losing equity positions.... towards the end of the meal I doubled down and was heavily in the red. In the back of my head I was thinking hmm I hope I will be able to pay for the meal by the time I finish.

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Quoting Mitiblotch

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{quote} The need for a reserve currency being past is simply dreams. In fact, going forward, there will be more concerted efforts to unify things. Never will a time come when everybody is allowed to do how they please, not when money is involved.

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Quoting LifeRider

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Is this a bear flag? {image}

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