Cable Update (GBPUSD) | Page 37932 | 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)

  • #758,621
  • Jul 15, 2023 4:17am Jul 15, 2023 4:17am
Quoting ninner
gbp is still undervalued fundamentally with respect to the usd...so it is still a buy on dips!!! BUY THE FUCKING DIP !!!!!
You need to be careful giving out trading advice especially with your track record of being wrong...
  • #758,622
  • Jul 15, 2023 4:36am Jul 15, 2023 4:36am
The bull market is not over
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-07-15_09-34-18_11b7e.png Size: 26 KB
MY OPINION NOT FINANCIAL ADVISE
  • #758,623
  • Jul 15, 2023 5:29am Jul 15, 2023 5:29am
Quoting navk
{quote} the day is active in the last hour of closing day. Bastards, I closed all my sell trades at 3117. Now the price 3092.
In the end the crooks went all the way to 1.30850 daily pivot
yes yes yes
  • #758,624
  • Jul 15, 2023 7:31am Jul 15, 2023 7:31am
Quoting boodvah
{quote} I have never learned how to successfully trade the news but I do know they can have impact depending on the trade style. Which ones do you feel would have the most impact. I can just imagine traders going bonkers over the usd this week so I’m assuming when the news starts to release, price will be itching to get volatile. As long as we expect the volatility, we can trade accordingly without fear.
Average Impact Of High-Impact News For GBP/USD In Pips (2023)

US News:

ISM Manufacturing PMI - 36
JOLTS Job Openings - 46
ADP Non-Farm Employment Change - 38
Non-Farm Employment Change - 72
ISM Services PMI - 69
CPI Y/Y - 84
Prelim UOM Consumer Sentiment - 39
Empire State Manufacturing Index - 36
PPI M/M - 47
Retail Sales M/M - 47
Flash Services PMI - 38
Advance GDP Q/Q - 50
Core PCE Price Index M/M - 35
CB Consumer Confidence - 31
Federal Funds Rate - 77
Prelim GDP Q/Q - 37
Unemployment Claims - 43
Flash Manufacturing PMI - 37
Final GDP Q/Q - 54
Employment Cost Index Q/Q - 34

Extreme Impact US News:

- CPI (The Most Impactful US News)
- Federal Funds Rate
- Non-Farm Employment Change
- ISM Services PMI

GB News:

GDP M/M - 24
Claimant Count Change - 38
CPI Y/Y - 47
Flash Manufacturing PMI - 56
Flash Services PMI - 56
Official Bank Rate - 83

Extreme Impact GB News:

- Official Bank Rate (The Most Impactful GB News)
- Flash Manufacturing PMI
- Flash Services PMI
- CPI

Enjoy!
  • #758,625
  • Jul 15, 2023 7:55am Jul 15, 2023 7:55am
i found this article quite interesting - apparently someone reverse engineered the Brazilian CBDC pilot. And with that found out that it is possible to freeze assets/reduce funds by the central bank.

I’m just wondering if someone got any more news about the BRICS currency that is supposed to be backed by Gold as an collateral?
If the BRICS countries are also vouchimg for CBDC’s and technocracy they have no competitive advantage as future economic centers of the world - its just one bandit replaced by the next.

Would be interesting what Russia has to say if they are in favour of freezing other people’s assets, even due they got a majority of their own assets frozen by U.S. Easy to become a hypocrite in this world of choices.

https://cointelegraph.com/news/brazi...n-freeze-funds
You have an IQ lower than 90 if you interact with this user.
  • #758,626
  • Jul 15, 2023 8:08am Jul 15, 2023 8:08am
Quoting Ferna
i found this article quite interesting - apparently someone reverse engineered the Brazilian CBDC pilot. And with that found out that it is possible to freeze assets/reduce funds by the central bank. I’m just wondering if someone got any more news about the BRICS currency that is supposed to be backed by Gold as an collateral? If the BRICS countries are also vouchimg for CBDC’s and technocracy they have no competitive advantage as future economic centers of the world - its just one bandit replaced by the next. Would be interesting what Russia has...
Hey bro you always provide helpful news
Thanks for that
But have you gOT any information about the reverse engineering of algorithm in 2024 by the banks
I just heard it somewhere

I think it's true that's why the Ict says he have only 1 year left to teach ud

If you any information related to that
Please do share it

I am just curious about it
I searched for it but.....
BTW
THANK YOU FOR PROVIDING HELPFUL INFORMATION
  • #758,627
  • Edited 9:26am Jul 15, 2023 8:46am | Edited 9:26am
Quoting Surya108
{quote} Hey bro you always provide helpful news Thanks for that But have you gOT any information about the reverse engineering of algorithm in 2024 by the banks I just heard it somewhere I think it's true that's why the Ict says he have only 1 year left to teach ud If you any information related to that Please do share it I am just curious about it I searched for it but..... BTW THANK YOU FOR PROVIDING HELPFUL INFORMATION
TBH i am just as confused as everyone else about this topic. And the mainstream media refuses to talk about it critically or like it was a democratic choice.

I hope someone more knowledgeable than me wants to discuss it and figure it out. All i got to go on is my own interpretations, the blueprint and the Forum.
What concerns algorhitm i do not know. Only that it originally was planned to be de-centralised(!) but now apparently became fully centralized.

Can tell you the most likely chain of events, and the dates that already been set.

Late July 2023: The CBDC infrastructure in U.S FedNow! is introduced.
Augusth 2023: A competitive BRICS currency backed by gold may be introduced, lead by Russia.
October 2023: Governors of the ECB make final decision to introduce CBDC into Europe. Live 2024? for retail and wholesale.
Mid 2024: BoE will suggest CBDCs for a digital Pound.

Sentiments
U.S: massive protests against CBDCs
Japan: protests, and people respected in round 1.
Nigeria: Introduced CBDC earlier year, massive protests and cash hoarding.
Europe: Uninformed, no media coverage no protests. Already extensively digitalized.
U.K: unknown.
China: Already had CBDC’s for a while.
Brazil: pilot
Mexico: Unknown, but there been extensive migration FROM U.S to Mexico in recent times, compared to the past inverse relationship.
It could suggest Mexico has better laws and no plans for seizing assets.
Middle east/Africa: Might rush to join the BRICS very soon. For mainly economic reasons.

Skeptical people: Powell, meaning the economic system functions, BoE former head Baron Mervin King also critical.
I Quote: ”The House of Lords report called it “a solution in search of a problem,” believing that it could lead to financial instability and greater state surveillance. It is not feasible for many Central Banks at the moment, and many of the primary functions of CBDC are already done in the way things are currently done. ”

Anyway without programmer knowledge all i know that the digital money has a set of conditions that has to be filled to be used. So if it doesnt fulfill any of these conditions or if a digital warning is issued, you cannot use the money.
And i think the system is value-based rather than current system which is debt-based. Meaning that old currency logically cannot be converted into the new currency. However your set of skills/expertise has value, debt has not.
You have an IQ lower than 90 if you interact with this user.
  • #758,628
  • Jul 15, 2023 9:26am Jul 15, 2023 9:26am
Quoting Whale
{quote} This is not head and shoulders or whatever you wanna call it Maybe the correlation will help you {image}
ahh I see. I’m sorry I thought that’s what it was.
be a thinker before being a reacter
  • #758,629
  • Jul 15, 2023 9:30am Jul 15, 2023 9:30am
Quoting TheWraith
{quote} Average Impact Of High-Impact News For GBP/USD In Pips (2023) US News: ISM Manufacturing PMI - 36 JOLTS Job Openings - 46 ADP Non-Farm Employment Change - 38 Non-Farm Employment Change - 72 ISM Services PMI - 69 CPI Y/Y - 84 Prelim UOM Consumer Sentiment - 39 Empire State Manufacturing Index - 36 PPI M/M - 47 Retail Sales M/M - 47 Flash Services PMI - 38 Advance GDP Q/Q - 50 Core PCE Price Index M/M - 35 CB Consumer Confidence - 31 Federal Funds Rate - 77 Prelim GDP Q/Q - 37 Unemployment Claims - 43 Flash Manufacturing PMI - 37 Final GDP...
thank you very much for this
be a thinker before being a reacter
  • #758,630
  • Jul 15, 2023 9:33am Jul 15, 2023 9:33am
Quoting Surya108
{quote} Hey bro you always provide helpful news Thanks for that But have you gOT any information about the reverse engineering of algorithm in 2024 by the banks I just heard it somewhere I think it's true that's why the Ict says he have only 1 year left to teach ud If you any information related to that Please do share it I am just curious about it I searched for it but..... BTW THANK YOU FOR PROVIDING HELPFUL INFORMATION
Can you link to the video where he said that btw?

I think ICT is a really good guy, and he proably seen this coming for a long time. He keeps up really well.
Could be a reason he made all his mentorship videos free also.
You have an IQ lower than 90 if you interact with this user.
  • #758,631
  • Jul 15, 2023 10:02am Jul 15, 2023 10:02am
Quoting Ferna
{quote} .... And i think the system is value-based rather than current system which is debt-based. Meaning that old currency logically cannot be converted into the new currency. However your set of skills/expertise has value, debt has not.
None of the western governments can move to a value based system instead of a debt based system at this time.
To move to a value based system, they would have to generate tax revenue equal to or greater than spending. This hasn't happened for decades! There is simply no political appetite for this type of change in structure.
The US also tipped their hand when they declared that they would create the right to devalue currency holdings of individual digital currency balances. They did not say what would trigger such a move, although their was a hint that it would be abandoned accounts. The detail was that it leaves the door open for governments to control spending, wipe out the balances of criminals, wipe out the balances of dissidents and so on.
  • #758,632
  • Jul 15, 2023 10:27am Jul 15, 2023 10:27am
Quoting Ferna
{quote} Can you link to the video where he said that btw? I think ICT is a really good guy, and he proably seen this coming for a long time. He keeps up really well. Could be a reason he made all his mentorship videos free also.
https://open.spotify.com/episode/4xe...753547bddf4fc0
listen this
Not wasting your time but for specifying watch from 6:00 to 15:00
  • #758,633
  • Jul 15, 2023 10:32am Jul 15, 2023 10:32am
Quoting Ferna
{quote} TBH i am just as confused as everyone else about this topic. And the mainstream media refuses to talk about it critically or like it was a democratic choice. I hope someone more knowledgeable than me wants to discuss it and figure it out. All i got to go on is my own interpretations, the blueprint and the Forum. What concerns algorhitm i do not know. Only that it originally was planned to be de-centralised(!) but now apparently became fully centralized. Can tell you the most likely chain of events, and the dates that already been set. Late...
read this:
https://www.dtcc.com/dtcc-connection...-reengineering
Thank you
  • #758,634
  • Jul 15, 2023 10:57am Jul 15, 2023 10:57am
Quoting dantpm
{quote} None of the western governments can move to a value based system instead of a debt based system at this time. To move to a value based system, they would have to generate tax revenue equal to or greater than spending. This hasn't happened for decades! There is simply no political appetite for this type of change in structure. The US also tipped their hand when they declared that they would create the right to devalue currency holdings of individual digital currency balances. They did not say what would trigger such a move, although their...
Not entirely true or not true at all.

There are countries like Canada still and for long time run on value based system.

The government here values a lot of their citizens well being... and that is why they run and still run to offer to cover the short comings to Canadian citizens.

If they bother about debt, they will stop to offer the short comings.

This my opinion.
Intraday only.
  • #758,635
  • Jul 15, 2023 10:58am Jul 15, 2023 10:58am
Quoting dantpm
{quote} None of the western governments can move to a value based system instead of a debt based system at this time. To move to a value based system, they would have to generate tax revenue equal to or greater than spending. This hasn't happened for decades! There is simply no political appetite for this type of change in structure. The US also tipped their hand when they declared that they would create the right to devalue currency holdings of individual digital currency balances. They did not say what would trigger such a move, although their...
Agreed. And also it enables them to increase the balance of key persons. And give more freedoms to others while it wouldnt be able to be accessed of their business to the public since the keys are hold by the central banks.
You have an IQ lower than 90 if you interact with this user.
  • #758,636
  • Jul 15, 2023 11:05am Jul 15, 2023 11:05am
Quoting dantpm
{quote} None of the western governments can move to a value based system instead of a debt based system at this time. To move to a value based system, they would have to generate tax revenue equal to or greater than spending. This hasn't happened for decades! There is simply no political appetite for this type of change in structure. The US also tipped their hand when they declared that they would create the right to devalue currency holdings of individual digital currency balances. They did not say what would trigger such a move, although their...
Country like India is now turning towards Debt based system.

The benifits offered to Citizens and seniors have been cut down or toally stopped to become like Debt based.
Intraday only.
  • #758,637
  • Jul 15, 2023 12:11pm Jul 15, 2023 12:11pm
Quoting PeterCaleb
{quote} OK. I could respond with a lot but won't. I think you've just brought to the surface my point inherent in the idea of round numbers. Being subjective without realizing you're being subjective. Have you ever tried to find a real coin with heads or tails on both sides? Does not usually exist. Just a simple note. 4 digit round numbers exist as much as the stereotypical ones. Something to consider when the market you trade under or over shoots a "round number". Lazy or not, it's there to appreciate. It's why I find it funny when people use pivots...
and what do you think about S/R levels in general?


Thanks.
  • #758,638
  • Jul 15, 2023 2:21pm Jul 15, 2023 2:21pm
Quoting Waveskierrob
{quote} You need to be careful giving out trading advice especially with your track record of being wrong...
  • #758,639
  • Edited 3:18pm Jul 15, 2023 2:38pm | Edited 3:18pm
Quoting navk
{quote} Not entirely true or not true at all. There are countries like Canada still and for long time run on value based system. The government here values a lot of their citizens well being... and that is why they run and still run to offer to cover the short comings to Canadian citizens. If they bother about debt, they will stop to offer the short comings. This my opinion.
You just have to look at the growth of Canadian debt to see how this simply isn't true.

https://tradingeconomics.com/canada/government-debt

The provinces are just the same.

If you add back the debt from privatized government corporations it gets even worse!

The latest scam in Canada is exponential growth of user fees for government services to add hidden taxation. None of these do anything other than obscure the level of government spending.

The Canadian government that you claim values their citizens well being seized bank account illegally of protestors last year. Interestingly the Covid restrictions that the protesters were against were removed a couple of months later.
  • #758,640
  • Jul 15, 2023 9:30pm Jul 15, 2023 9:30pm
Quoting ninner
gbp is still undervalued fundamentally with respect to the usd...so it is still a buy on dips!!! BUY THE FUCKING DIP !!!!!
I believe you are right ninner, it’s what I am doing. This pair has a long way north to go
Compulsions can be hard to resist
1,087 traders viewing now