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Cable Update (GBPUSD)

  • #796,361
  • Dec 11, 2023 3:56pm Dec 11, 2023 3:56pm
Quoting Velarcus
{quote} What the what?!?!?! There is no looming shadow. There is no "flight" from bonds. You clearly don't understand bond maturity. Maturity = The US treasury is going to cut checks to bond holders for the bonds they have been holding, with interest. It is a pre-scheduled cash payment!!! The maturing bonds are retired! The only question is, what will investors do with their newly freed up cash? They have 2 options: 1) do nothing 2) buy something. How is this driving crypto lower? Or oil, or anything else? It has ZERO impact on anything. WTF are...
Pretty sure there are important variations of your two options.
They can buy new treasuries ( I assume this was your do nothing option but I could be wrong), pay down debt, buy non-treasury investment assets, put it in the bank or spend it by buying other items/capital goods. Crypto is one of the 'other investment assets'. Not sure how using maturing treasury proceeds to buy crypto (ie more demand) causes crypto to fall. All of these have different economic consequences.
  • #796,362
  • Dec 11, 2023 5:41pm Dec 11, 2023 5:41pm
always short for today...but..breaking of 2573 will change plan to bullish with target 2650
  • #796,363
  • Dec 11, 2023 6:59pm Dec 11, 2023 6:59pm
Quoting Robinhood1
If Bitcoin breaks through 42855, we may see a retracement down before continueing its way up.
POSTMASTER
  • #796,364
  • Dec 11, 2023 7:06pm Dec 11, 2023 7:06pm
Quoting voeltoez
always short for today...but..breaking of 2573 will change plan to bullish with target 2650
NY close is bearish.

Wherever the price goes up.... the price needs to test s1, 1.2525.
Intraday only.
  • #796,365
  • Dec 11, 2023 7:27pm Dec 11, 2023 7:27pm
short 2568 sl 2575
  • #796,366
  • Dec 11, 2023 7:29pm Dec 11, 2023 7:29pm
Quoting navk
{quote} NY close is bearish. Wherever the price goes up.... the price needs to test s1, 1.2525.
agree..2525 is lower bands H4..good area for bounce..but if break and close below it..bearish will win today..no matter the news result..
  • #796,367
  • Dec 11, 2023 9:04pm Dec 11, 2023 9:04pm
I’m thinking another shake ‘n bake bull run to 2615 resistance area, before the next drop.
Compulsions can be hard to resist
  • #796,368
  • Dec 11, 2023 9:53pm Dec 11, 2023 9:53pm
Quoting voeltoez
short 2568 sl 2575
sl hit..try again sold 2574
  • #796,369
  • Dec 11, 2023 9:55pm Dec 11, 2023 9:55pm
Quoting Pat Chiko
{quote} GU Stopped Out{image}
GU
update open position

GBP/USD stays on the front foot ahead of a busy economic docket in the US and the UK.
Still playing within the range for consolidation before major data relalease this week.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 030.jpg Size: 190 KB

If US inflation rises above forecasts, traders could expect a “hawkish” message by the Fed on Wednesday.
The Federal Reserve and the Bank of England are expected to keep rates unchanged in their last monetary policy meetings.


GU price action remains in consolidation as traders are awaiting the release of US inflation figures on Tuesday.
It's unclear when UK want to be cutting interest rates .
Maybe, just maybe BoE to wait until after the European Central Bank and the Federal Reserve. (who blink first)

For now, the BoE is likely to keep rates unchanged and maintain their "higher for longer" stance.
This means that the value of the pound is unlikely to change significantly until after the release of US inflation data and the Fed's economic projections.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #796,370
  • Dec 11, 2023 9:56pm Dec 11, 2023 9:56pm
https://www.tradingview.com/x/WZ4iH7dr/
Some support is visible in GBP/USD at the 4H chart, Price staying above 1.2550 could lead to further uptrend.
Small lot sizes, big wins
  • #796,371
  • Dec 11, 2023 10:03pm Dec 11, 2023 10:03pm
Quoting Pat Chiko
{quote} GOLD Long - real time {image}
GOLD

update on open position.
Yeterday gold consolidate near recent lows, awaiting the key US CPI data for a directional cue.
A higher-than-expected inflation could bolster the US dollar and Treasury yields, weighing on gold. (focus on data release )

Conversely, a slowdown in inflation could support expectations of a Fed rate cut, benefitting gold.
However, market positioning ahead of Wednesday's Fed announcement could quickly reverse any initial price moves.

In summary, gold will remain at the mercy of the Dollah dynamics and yield reaction to the inflation data for fresh trading incentives.

Trade safely
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #796,372
  • Edited 10:32pm Dec 11, 2023 10:19pm | Edited 10:32pm
FF mods must be reading us in here LOL

earlier i mentioned the dollar haters like to point out usa debt as reason for our imminent decline so FF posted a link to government debt by country LOL
https://www.forexfactory.com/news/12...nced-economies

i like that visual capitalist website its so simple it almost forrest gumpish like me

everybody that hates the dollar more or less would hold the yen as a safe haven currency LOL... just goes to show why i fade this place


i havent heard mush from the bric loving contingent lately who over the summer kept saying the brics countries will kill the dollar ..i bet those countries have a low national debt
short trump and go long the deepstate
  • #796,373
  • Dec 11, 2023 10:46pm Dec 11, 2023 10:46pm
Correct up tries continue still, at this intermediate bottom forming price may fall below 2533 though before more correction. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #796,374
  • Dec 11, 2023 11:25pm Dec 11, 2023 11:25pm
Old Skool Short
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Emotional Control. Process, not outcome.
  • #796,375
  • Dec 11, 2023 11:40pm Dec 11, 2023 11:40pm
Consider shorting, felt like we have unfinished business down there.
Exhausted
  • #796,376
  • Dec 11, 2023 11:42pm Dec 11, 2023 11:42pm
Quoting Konichiwhaat
Old Skool Short {image}
so next resistance 2590 , d top also , breaks and hold target goes to 2620 + . fails may correct 2530 ok . watching
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #796,377
  • Dec 11, 2023 11:46pm Dec 11, 2023 11:46pm
we go again buy at 1.25840 sl 10 pip tp 30pips
Keep the Lights on then you can catch the rise from the dark.
  • #796,378
  • Dec 11, 2023 11:50pm Dec 11, 2023 11:50pm
Quoting fontu
{quote} so next resistance 2590 , d top also , breaks and hold target goes to 2620 + . fails may correct 2530 ok . watching {image}
2620 possible at gbp news
  • #796,379
  • Dec 11, 2023 11:52pm Dec 11, 2023 11:52pm
Attached Image (click to enlarge)
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yes yes yes
  • #796,380
  • Dec 11, 2023 11:53pm Dec 11, 2023 11:53pm
last short today
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