Cable Update (GBPUSD)

watch?
I have better things to do for sure

But he's a Fed Chair... impact on USD and all of that...

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Let’s see what silly mr Powell says

***FED'S POWELL: I'M NOT SAYING I DIDN'T SAY SOFT LANDING ISN'T A BASELINE SCENARIO***


(Just kidding!)

But seriously, he did say soft landing isn't a baseline scenario on FOMC Press Conference...

Haha....

Best to watch charts, only NY will be closed in 3 min, replay in London/ NY tomorrow.
He was hawkish last time, should keep tha way. Hint on future rates maybe?

His body language will I've us a clue.

Government Shutdown is far more interesting to me than Powell. He was talking few days ago, so it's not like he has anything new to say I think.

Also glasses! Black glasses sell, white buy!

time is tickin for this shutdown, analysts are saying it’s likely to happen . We will see

ugly women work for powell

I don't expect any big moves from the news. Let's brace for a range maybe.

FED CHAIR POWELL DOES NOT COMMENT ON OUTLOOK FOR MONETARY POLICY, ECONOMY IN PREPARED REMARKS TO TEACHERS' TOWN HALL

So much for that...

Well folks... we're all waiting for the news from US. Until then! Should be a High-Impact News on Forex Factory so you probably won't miss it.

Damn it's trying to get your 2205!

I can't loss today
Entry was 3 hours ago

The price at NY close.

It is bullish close.

Asia opened above daily pivot.

The sentiment ( gu buyer/seller ) improved from 70/30 to 55/45.

Meaning buyer volume considerably reduced and seller volume considerable increased.

( Sentiment always reflects retail trader positioning )

Best thing to do would be to open long positions when price hits -38 to -50 % for daily R1 or more

The Treasury Department has sent out its plans for a shutdown, highlighting ways that it would affect everyday Americans.
Among those impacts: Taxpayer calls to the IRS will not be answered. "Outside of filing season, for the month of October, the IRS answers approximately 46,000 phone calls per day," the Treasury said.
"Refunds will not be processed except in cases where e-filed, error-free refunds can be direct deposited automatically," which could affect up to "10.5 million individual 1040 filers on extension through the Oct. 16 deadline," the agency said.
"Most core tax administration functions will stop," according to the department, and "approximately two-thirds of IRS employees — about 60,000 of 90,000 staff" will be furloughed.

Sen. Rand Paul, R-Ky., reiterated on X that he would agree to speed up Senate votes on a short-term bipartisan deal to avoid a shutdown — but only if they remove funding for Ukraine.

I would prefer high of NY to take out now.

Then short from there for 30 to 40 pips for NY to take off in long direction.