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Cable Update (GBPUSD)

  • #761,341
  • Jul 26, 2023 1:04pm Jul 26, 2023 1:04pm
Extremely hawkish, the USD should be exploding right now. The markets can remain irrational longer than you can stay solvent.

They aren't just completely comfortable raising rates they also are unloading mortgage-backed securities.
Trade at your own risk.
  • #761,342
  • Jul 26, 2023 1:05pm Jul 26, 2023 1:05pm
Rates rise now major spike either way ! Roll on conference in a bit

SL set to b/e +20
Insane in the Brain..
  • #761,343
  • Jul 26, 2023 1:05pm Jul 26, 2023 1:05pm
Quoting kenny4real
Rate unchanged, trend continues
Wait... if Powell wears glasses on press then sell if he doesn't then buy!

Just kidding haha!

I'm waiting for "The Man".
  • #761,344
  • Jul 26, 2023 1:07pm Jul 26, 2023 1:07pm
This is surprisingly quite
  • #761,345
  • Jul 26, 2023 1:07pm Jul 26, 2023 1:07pm
"In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective."
Trade at your own risk.
  • #761,346
  • Jul 26, 2023 1:09pm Jul 26, 2023 1:09pm
Quoting Fx3423454
"In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to...
Where is this quote from? press conference didnt start yet.
You have an IQ lower than 90 if you interact with this user.
  • #761,347
  • Jul 26, 2023 1:10pm Jul 26, 2023 1:10pm
Quoting Ferna
{quote} Where is this quote from? press conference didnt start yet.
Federal Reserve issues FOMC statement
Trade at your own risk.
  • #761,348
  • Edited 1:28pm Jul 26, 2023 1:10pm | Edited 1:28pm
Quoting Fx3423454
Extremely hawkish, the USD should be exploding right now. The markets can remain irrational longer than you can stay solvent. They aren't just completely comfortable raising rates they also are unloading mortgage-backed securities.
high on the app hypo take...waiters busboy issues....driver win i peg... GM BH out insider trading oNLy....never stranded...BNLUX kiss kust...xxx have fun coast on...CHF eXpress...unter halt UN g...
  • #761,349
  • Jul 26, 2023 1:17pm Jul 26, 2023 1:17pm
Quoting TheWraith
{quote} Wait... if Powell wears glasses on press then sell if he doesn't then buy! Just kidding haha! I'm waiting for "The Man".
Don't be too hasty about abandoning that.
It looks like a strategy that is every bit as good as most of the strategies presented on this thread.
To free Gazans of Hamas, use whatever it takes.
  • #761,350
  • Jul 26, 2023 1:19pm Jul 26, 2023 1:19pm
Quoting Ferna
{quote} wow u next level! How one learn to trades those stuff?
You should have joined the challenge I've shared. Really good stuff and trading is not as complicated if you on the right side.
  • #761,351
  • Jul 26, 2023 1:19pm Jul 26, 2023 1:19pm
Congress projection
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230726_221826.jpg Size: 130 KB
More time in the market, does not mean you trade better!
  • #761,352
  • Jul 26, 2023 1:21pm Jul 26, 2023 1:21pm
Quoting DrDave
{quote} Don't be too hasty about abandoning that. It looks like a strategy that is every bit as good as most of the strategies presented on this thread.
LoL
  • #761,353
  • Jul 26, 2023 1:24pm Jul 26, 2023 1:24pm
Glad economy iis improving,, but is it so that no rate hike required? Perhaps positive news and a good balance to all.
  • #761,354
  • Jul 26, 2023 1:25pm Jul 26, 2023 1:25pm
Quoting Fx3423454
{quote} Federal Reserve issues FOMC statement
Thank you!
You have an IQ lower than 90 if you interact with this user.
  • #761,355
  • Jul 26, 2023 1:28pm Jul 26, 2023 1:28pm
Quoting tradexyz
{quote} high on the app hypo take...waiters busboy issues....driver win i peg... GM BH out insider trading oNLy....never stranded...BNLUX kiss kust...xxx have fun coast on...CHF eXpress...
Im new to this, but wasn't there a problem with mortgage-backed securities in the last financial crisis 2007-2008?
You have an IQ lower than 90 if you interact with this user.
  • #761,356
  • Jul 26, 2023 1:31pm Jul 26, 2023 1:31pm
Sentiment started to shift yesterday on the PMI reports. The lousy PMI reports from the eurozone stand in contrast to those in the US, less bad on the output front but showing a big, fat sticky inflation problem in services.
Mr. Powell would have to deny firmly and repeatedly that tomorrow’s hike is not the last in order for the market to resist naming the Fed dovish. They can’t help it, poor dears. But an increasing amount of focus and commentary admits inflation is sticky and the Fed’s 2% target is NOT within reach. This is dollar-favorable but the combination of pushme/pullyou could make for some spiky moves.
We had thought only last Friday that the dollar gain would be transitory. Now it looks like it could be longer-lasting. But again, a lot depends on whether Mr. Powell manages to get the message across that this is not the last hike.
Don't compare your Trades with Others
  • #761,357
  • Jul 26, 2023 1:33pm Jul 26, 2023 1:33pm
I would love GU to return to yesterday's lows
  • #761,358
  • Jul 26, 2023 1:34pm Jul 26, 2023 1:34pm
Short

SL hit. That would be it for today. I missed the direction.
Attached Image (click to enlarge)
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  • #761,359
  • Jul 26, 2023 1:35pm Jul 26, 2023 1:35pm
Quoting Ferna
{quote} Im new to this, but wasn't there a problem with mortgage-backed securities in the last financial crisis 2007-2008?
ask the language experts...TUSK IT cut the lines of inquiries...task ent...
  • #761,360
  • Jul 26, 2023 1:38pm Jul 26, 2023 1:38pm
Rates raised. BOHICA on deck.
Don't compare your trades to others. Most often the masses are the asses
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