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Cable Update - Continued 61 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

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Quoting SFundamental
Westpac (who I rate) are saying that the RBA will probably take a hike off the table (September)
Do you think they will hike by 25 bps or pause? I think 25 bps looks more probable
I make my own luck.
Quoting SFundamental
Westpac (who I rate) are saying that the RBA will probably take a hike off the table (September)
I'm not surprised, and I think more countries will eventually start doing this while the U.S. keeps rates higher for longer.

Most countries stock indices are too weak to endure high rates for too long. But the U.S. is in slightly better shape.
Trade at your own risk.
CADJPY short from open.Target 50-100 pips.
well i’ll lock it at 50 and let it run..

sl friday close
Born to lose live to win
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Cam Levels - https://www.livecharts.co.uk/Members...rex_pivots.php
selling above 2860 to 2880 will bring down the price to 2775 today.
Intraday only.
Quoting Nordling
{quote} Do you think they will hike by 25 bps or pause? I think 25 bps looks more probable
If you read the statement by the RBA - there are 4 things that they are looking at

  1. Global economy- US seem to be not too bad - although Europe is a mess
  2. Labour- this has tightened further
  3. Inflation - this has dropped and beat expected but is still high- ie 6% (should be 2-3%). (Also commodity prices are up- wheat & oil)
  4. Household expenditure

Also risk reversals are positive on the Aussie

Pasted image 1690535475519.png (1358×634) (thomsonreuters.com)

I would be surprised - if we do not have a hike.

Come what may - I will be trading a pullback at London

No macro - no trade
Quoting SFundamental
{quote} If you read the statement by the RBA - there are 4 things that they are looking at Global economy- US seem to be not too bad - although Europe is a mess Labour- this has tightened further Inflation - this has dropped and beat expected but is still high- ie 6% (should be 2-3%). (Also commodity prices are up- wheat & oil) Household expenditure Also risk reversals are positive on the Aussie Pasted image 1690535475519.png (1358×634) (thomsonreuters.com)...
Thank you for this detailed explanation buddy. Greenest pips to you
I make my own luck.
The AUD has been bid since the new session opened against all pairs.
No macro - no trade
Quoting Robinhood1
{quote} Famiy's name: Menendez
You have any link i can read more about them? The internet is unsearchable these days, or maybe it’s a common name in Spain.
Born to lose live to win
AUDUSD LONG
Whatever it takes…
Quoting BigNumbers
AUDUSD LONG
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Whatever it takes…
AUDUSD looks very long term bearish, but it could have a good day on Tuesday. I will wait.
Trade at your own risk.
gj short
Whatever it takes…
Quoting Ferna
{quote} You have any link i can read more about them? The internet is unsearchable these days, or maybe it’s a common name in Spain.

https://www.bloomberg.com/features/2...igures-it-out/
stay with the 5% contrarians not the 95% losers
Quoting BigNumbers
gj short
OUT!! price seeking more liquidity... we should see a drop later or tomorrow
Whatever it takes…
Quoting BigNumbers
gj short
Japan just had some bad news come out.
Trade at your own risk.
GA short
Whatever it takes…
Quoting BigNumbers
GA short
Let's go....
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Whatever it takes…
Quoting BigNumbers
{quote} Let's go.... {image}
News for AUD and CNY coming out soon...
Trade at your own risk.
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