Cable Update (GBPUSD)

Struggling downwards, but not moving upwards either.
Sighhh.
I'll just do up down scalp instead of holding and waiting.

i told you. Samba Samba

Live link:

...if you do you'll never look back...

Bulls are not dead...

I should've trade EU.
Idk why am I insisting trading GU

"My brain farted."
I think I should take a break from trading today.
Brain not working anymore.

Waiting to enter long

you mean put is it?

market alway full of uncertainty, just now i buy USDJPY @ 13, run 23 see DXY weak, eventually it run from 23 to 93

eventually NFP selldown so deep also can cover finish

agree, although a drop for liquidity could happen

I too think that it got back for liquidity to shoot up. The dollar was too strong for the world in 2022 anyway.

Wonder if they got an incoming tomahawk or something..
*Proceeding currently suspended.

Well i really like King, he asks the right questions and are not overly polite in any way.
Bailey seems to atleast give something off-script. Better than the scripted FOMC meetings.

Edit: Keywords/remarks: Labour hoarding/tight labour market, King: "Maybe inflation won't come down" Bailey: "It will come down."
*Long monetary policy(higher rates for longer) *Persistance of food inflation *
*Neglect of handling money, never mentioned anymore on meetings/urgency. Compared to 17th, 18th, 19th and 20th century
money supply shock is not mentioned, even due it's in the system of England and not subject to outside control by for example crisis in Ukraine.
Bailey: No problem.
Money and credit are different things. Has to be distinguished by a central banker as opposed to an economist working at a bank.
*GDP marginally below what it was before Covid, economy recovering slower than expected.
* Remark about Bailey underestimating shocks as being temporary, and not have sustained effects. Bailey admits to it having very long supply chain effects.
Inflation would still have been unpreventable cause of the supply shocks even with anticipatory monetary policy.
*Bailey: Labour market shock had very big effect even before Ukraine on the rate of inflation.
*Chancellor talking about tax cuts even due there are heavy spending from for example NHS, wage growth cannot be done
*Bailey: "We are gona bring back inflation to 2%".
* Question: Is claimant change a central bank goal? Bailey: "Primary objective is price stability, important to respect the *31 "Have-regards" (will come down to 25 in future), Bailey: "Climate change is not an issue in monetary policy, but for FPC it is. We most view the objectives through the lens of the primary objective, our objectives have been suggested to be implemented in the "climate objective"-. Climate change is not our job to make policy.
Q: "Some have argued you go further with climate agenda" *Bailey: Our role is to fulfill our primary objective.
*Bailey: We have a dialogue with chancellor regarding climate change, but we got to stay on our primary objective.
Q: ECB, have Biodiversity as one of their primary goals, will it be one of BOE Goals? *Bailey: Our main role is to maintain our primary objectives.
Q: "Is addition of all these "Have-regards" a distraction to you? *Bailey: it does take time. It makes monetary policy more complicated.
*Bailey: monetary policy and financial stability, had to make an intervention during the pension crisis.
*Our monetary policy is always conditional. Thus the effects on fiscal policy is regarded, but fiscal policy may undermine the independance of central banks.
*remark: Bank of england has the final say on fiscal policy, not politicians.
*Q: "What do you do when the government don't follow their own policy regarding fiscal policy"
*Bailey: The ukraine effect is nowhere near in U.S what it is in Europe.
*Bailey: Silicon valley collapse cause of interest rate risks in banking operation, collapse not caused by trading risk.
*King: Credit Suisse, collapse where shareholders got to pay for the collapse cannot happen in England cause of the house of lords resolution. Bailey: Cannot have investment banks being saved by central bank(?).
* CBDC's: where there to be a cbdc: what effect will it have on the balance sheeet. Privacy. Bailey: will there be a business need for digital money? I dont know the answer of that question. My answer is proably yes. Facebook tried it a few years ago. Then you got 3 choices: YOu can do it for commercial tokenized depots(1), do it through non-banks(2) (stabile coins), and the 3rd option is central bank digital currency. The commercial banks need to decide if they need.
Bailey: I dont think we are gona make the case of Central being "The only game in town", there are very big issues in a stress situation to only have central bank money.
Is it right to plan for a world with digital money? - we need to be knowledgeable in this area, im very supportive of this area but the commercial banks need to figure it out.
Q: Operational framework: It raises alot of issues with operations: *Bailey: In an extreme world, the central bank will have a bigger role regarding money in regards to digital money. We have to position the debate.

Sorry for any wrongs. If anyone like to discuss this and explain further.

pls can you help with trade copier?

Gold dropped nice but GU holding, can deep with Gold? Lets see..

Still holding

Why is 1.2600 so important for Bulls?. Well it is simply because we are above our weekly candle open or close and bulls will want to close the week above 1.26000. Bears have had ample chance to bring price below 1.2250 for this quarter and they simply could not manage it. We have just over half a month to go to end the 2nd quarter and 1.2750 looks a good prospect and 1.30000 certainly a juicy target. My weekly time frame is bullish.
Trade safe

New Position.

Short GBPUSD : 1.26015
S/L :1.26260
T/P (max):1.23131

Bella's GMT Switch v1.5

1231 looks a very ambitious target.. not saying we won’t get there but it won’t be anytime soon unless FOMC tomorrow gives us another rate rise. Personally I’d love a big drop like this as the liquidity it will provide is amazing

Next target 1.2645
Will close my long 1,2620-30