Cable Update (GBPUSD)

Quoting DrDave

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{quote} I think trading the Aussie - is the easiest currency pair to trade. "The Aussie" is a single currency, not a pair. Did you have a specific pair in mind, or do you mean every pair that includes AUD is easy to trade?

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Quoting DrDave

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{quote} I think trading the Aussie - is the easiest currency pair to trade. "The Aussie" is a single currency, not a pair. Did you have a specific pair in mind, or do you mean every pair that includes AUD is easy to trade?

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Quoting ScalaFX

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{quote} Buddy whats your view about GU? Im very courius

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Quoting DrDave

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{quote} I think trading the Aussie - is the easiest currency pair to trade. "The Aussie" is a single currency, not a pair. Did you have a specific pair in mind, or do you mean every pair that includes AUD is easy to trade?

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Quoting SFundamental

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{quote} I should have written a better post. I was referring to the Australian economy. There are less things to monitor. Ultimately it is a case of pairing up one currency with negative news against another with positive news at a high level and vice versa) We saw this last week with the AUDJPY. There was a miss on CPI, PPI and Retail Sales in Australia Whereas there was positive news on the Yen (regarding YCC). The only issue with this is that sometimes the liquidity levels can cause issues The Aussie is the slang used for AUDUSD if I recall -...

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Quoting SFundamental

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{quote} I should have written a better post. I was referring to the Australian economy. There are less things to monitor. Ultimately it is a case of pairing up one currency with negative news against another with positive news at a high level and vice versa) We saw this last week with the AUDJPY. There was a miss on CPI, PPI in Australia Whereas there was positive news on the Yen (regarding YCC). The only issue with this is that sometimes the liquidity levels can cause issues The Aussie is the slang used for AUDUSD if I recall -

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Quoting Fx3423454

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{quote} Short AUDCHF looks promising. I'll be shorting it tomorrow. Easy to predict the trend of fundamental news. But it's hard to predict volatility, whipsaws, etc. Also, usually the data is priced in so it all comes down to surprise data which can go either way. Seems like there are only a few reliable news events to trade.

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Quoting DrDave

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{quote} Yes, that is a common slang term for AUDUSD. But your post was painting some broad strokes, so it was not clear if you actually meant AUDUSD or more broadly, the currency.

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Quoting SFundamental

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{quote} I like changes in interest rate bias with congruent data best. Lets see what the RBA come with. The SNB has a meeting in September - I have that marked on my calendar

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Quoting SFundamental

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We have had a b shape on volume/market profile GU on Friday after a down move - and that usually is bullish. Unfortunately- banks are bearish - and just had a look at options pricing for Monday - pretty negative. Had a quick check their does not seem to be anything that really stands out in respect of book balancing- but be careful at 2pm (UK time) There was a lot of volume at that cash rate meeting on Thursday - so if they want to sell it off again - that could be a target. Thinking about the Aussie - they have had a recent miss on retail sales,...

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Quoting SFundamental

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{quote} I think trading the Aussie - is the easiest currency pair to trade. China has a major effect on the Aussie. Issues over Taiwan, the commercial property market and trade issues with the West all playing on sentiment. Also iron ore forecasts don't look great.

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Quoting KeenPips

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GBPUSD price action on the daily time frame turned sideways on Friday after bulls resisted the bearish surge to the 1.27800 minor horizontal support area. As the technical impulse favours bears more than bulls, we may see a southward continuation in the early part of this week. I may be wrong. Trade safe and prosper. KP {image}

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Quoting Fx3423454

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{quote} So, buying the rumor and selling the news?

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Quoting Fx3423454

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{quote} Don't worry, it will still trap plenty of bulls soon enough.

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