Cable Update (GBPUSD) | Page 39835 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #796,681
  • Dec 13, 2023 4:20am Dec 13, 2023 4:20am
Come on mister mf
Go to1.25000-1.25150
,i will add more longs on your head
it's rimes
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-12-13-12-18-49-745_com.tradingview.tradingviewapp-edit.jpg Size: 538 KB
yes yes yes
  • #796,682
  • Dec 13, 2023 4:22am Dec 13, 2023 4:22am
Damn this magnet lol. See a ranging morning here in London until some red data at 1.30 pm uk time. Might see some movement here if it is good US data maybe a break below 125. Then FOMC could take us below 12450 the area of support from last week.

if the US data is poor then 126 has a chance again and also there could be a spike up during FOMC especially if the commentary is dovish.
Insane in the Brain..
  • #796,683
  • Dec 13, 2023 4:23am Dec 13, 2023 4:23am
Quoting Pat Chiko
Oil Crash Threatens Petrodollar Dominance: A Perfect Storm? Before the FOMC conference tonight, I'd like to highlight the potential for an oil crash. Oil has been under selling pressure for the past month due to a combination of factors How does it effect PetroDollar ? Potentiallly consequences for the US dollar. Declining Oil Prices: Oil prices are experiencing a significant downward trend, putting pressure on one of the traditional sources of dollar demand. Jay Pow's Rate Hike: The Federal Reserve's anticipated interest rate hike tomorrow could...

Kind of a vicious cycle. The FED raises rates which puts upward pressure on the US$. A higher US$ increases the cost of all US exports reducing demand for some US exports. Higher interest rates make it more expensive to manufacture goods in the US and slows down the US economy. A slower US economy needs less oil. Lower US demand for oil drives the price of oil down. To maintain cash flow with less demand or oil even at higher prices, producers have to increase production. Increased production pushes the price of oil lower.
  • #796,684
  • Dec 13, 2023 4:26am Dec 13, 2023 4:26am
Quoting cablekingdom
In short-1.2533 Sl-1.2541 Tp- 1.2462--- daily S2
Closed shorts

In long -1.2513

SL-1.2497
Tp-1.2560--- near daily pivot
  • #796,685
  • Dec 13, 2023 4:38am Dec 13, 2023 4:38am
Cable 1.24900 tp. Long at tp up till 1.25650
Gold long 1987 first level resistance
  • #796,686
  • Dec 13, 2023 4:39am Dec 13, 2023 4:39am
Quoting Pat Chiko
{quote} Thanks DANTPM for sharing your view. Therefore is it generally correct to say that PPI leads CPI in inflation measurement. ? As I understand it it correctly; PPI data reflects price changes at the wholesale level, before goods reach consumers. This means PPI captures inflation earlier than CPI, which measures the prices consumers pay at the retail level. Producers tend to adjust their prices to reflect changes in their input costs, such as raw materials and energy. These changes are reflected in PPI data before they are passed on to consumers...
Both CPI and PPI measure inflation just slightly differently. You also have to know which PPI number you are looking at/
Bureau of Statistics:
Within the PPI, the index that most closely aligns with the CPI for All Items is the Personal Consumption PPI, a substantial component of Final Demand within the PPI’s primary aggregation model, the Final-Demand-Intermediate Demand system. In terms of goods, the PPI for personal consumption tracks changes in manufacturer selling prices for consumer foods, consumer energy goods, consumer durable goods, and consumer nondurable goods other than food and energy. From the services perspective, the Personal Consumption Index tracks changes in prices received by services producers for transportation of private passengers, transportation and warehousing of personal consumption goods, wholesale and retail trade in personal consumption goods, and services other than trade, transportation, and warehousing sold to personal consumption. The All Items CPI for All Urban Consumers (CPI-U), U.S. city average, measures the average change in prices urban consumers pay for goods and services.

There are other differences PPI includes prices paid for medical services, CPI doesn't. Imports are handled differently.
I know too much info.
  • #796,687
  • Dec 13, 2023 4:47am Dec 13, 2023 4:47am
Quoting Pat Chiko
{quote} Thanks DANTPM for sharing your view. Therefore is it generally correct to say that PPI leads CPI in inflation measurement. ? As I understand it it correctly; PPI data reflects price changes at the wholesale level, before goods reach consumers. This means PPI captures inflation earlier than CPI, which measures the prices consumers pay at the retail level. Producers tend to adjust their prices to reflect changes in their input costs, such as raw materials and energy. These changes are reflected in PPI data before they are passed on to consumers...
Adding to your points,bro.
There is still some implication attached to it.
Rising Cost leave Businesses 2 choices,
#1 Accept the reduced profits (at least in short term), or,
#2 Simply passed the rising cost to consumers by rising their sales price of their finished products/services.

Businesses choose 1st option when they anticipate that the rising price of their raw materials/ spart parts is temporarily.
They dont want to reduce their sales volume.

On the other hand, 2nd choices, they expect that the rising cost of production will be trending or price of Raw materials/Services continue to rise longer than expected, they will have no choice other than passing the higher cost onto consumers, because sooner or later, if they dont pass the burden to their consumers, their profits will be significantly deteriorate
I think thats when PPI will more likely predict the CPI trend.

My newbie view
More time in the market, does not mean you trade better!
  • #796,688
  • Dec 13, 2023 4:55am Dec 13, 2023 4:55am
Quoting Fardeen1209
{quote} Adding to your points,bro. There is still some implication attached to it. Rising Cost leave Businesses 2 choices, #1 Accept the reduced profits (at least in short term), or, #2 Simply passed the rising cost to consumers by rising their sales price of their finished products/services. Businesses choose 1st option when they anticipate that the rising price of their raw materials/ spart parts is temporarily. They dont want to reduce their sales volume. On the other hand, 2nd choices, they expect that the rising cost of production will be trending...
A very enlightened response. It is however slightly more important to guess how the FED will react to the data points for CPI and PPI if you want to predict what they will do. You then have to anticipate how the market will respond to the FED's reaction. None of which has anything to do with short term Forex price reactions.
  • #796,689
  • Dec 13, 2023 5:03am Dec 13, 2023 5:03am
Daddy shark? Grandpa shark? … ok, full family of sharks let’s get together, baby shark needs to know how to hunt too -> let’s get crazy -> will it be a clean-up? (to have the house ready for the end of the year…) -> sell limit, 2634
  • #796,690
  • Dec 13, 2023 5:06am Dec 13, 2023 5:06am
It seems like only i am short and all others are going long. Nice
  • #796,691
  • Dec 13, 2023 5:13am Dec 13, 2023 5:13am
Quoting Pranjal
It seems like only i am short and all others are going long. Nice
There;s about equal LONG/SHORT position
Stats 78/70
You're not alone.
Attached Image (click to enlarge)
Click to Enlarge Name: position.jpg Size: 70 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #796,692
  • Dec 13, 2023 5:15am Dec 13, 2023 5:15am
I'll not trade London anymore.
Prolly one trade during open only.
For 3 days I got screwed over holding trades on London session.
And I had to double the effort during NY just to BE
Exhausted
  • #796,693
  • Dec 13, 2023 5:16am Dec 13, 2023 5:16am
Quoting dantpm
{quote} A very enlightened response. It is however slightly more important to guess how the FED will react to the data points for CPI and PPI if you want to predict what they will do. You then have to anticipate how the market will respond to the FED's reaction. None of which has anything to do with short term Forex price reactions.
Trying to anticipate what the FED will be doing Vs market reaction is going back to what Powell want (he said in his recent speeches) vs what money market been anticipating what the FED will do.
And it worth noting that market usually price in future rate hike or cut, on Red economic data. (Buy the rumor on the data release, sell the fact on FOMC)

I dont think Powell will give the market what they want ~100bps rate cut. This will lead to a repricing in yield curve, money/swap market will reduce some rate cut from 4 FOMC cut (was 5 FOMC cut in 2024) to at least 3 FOMC cut ( 25bps cut per meeting (which more likely to be in line with DOT Plot), imo.

This will give a temporary boost in Dollar, as the excess 25bps (from 100bps to 75bps, need to reposition themselves or liquidate their shorts position on Dollar)

However, even tho the money market will reprice their rate cut, that does not mean there will be no rate cut in 2024. From the situation where we currently are, (at least 3 or a minimum of 1 cut 2024 is very likely).

This is what i am expecting as an overall scenario. Dollar to "temporarily" up.

However, exactly how the interest rate traders work (saw @EventsTrader and @Jolita usually trade and discuss the interest rate futures CME contract), i lack knowledge on it. There is still many instruments especially the derivatives ones that move the dollar.
More time in the market, does not mean you trade better!
  • #796,694
  • Dec 13, 2023 5:20am Dec 13, 2023 5:20am
Quoting Moty
Come on mister mf Go to1.25000-1.25150 ,i will add more longs on your head it's rimes {image}
I Told you i will add



Now second becomes the first because useall in a bullish strategy i am adding position after gaining 10 pips profit on the first one , and tf is far 20 pips from the 1st and 10 from the 2nd
But because the 2nd is lower from the 1st , the tp is 10 pips from the 1st and 20 from the 2nd
Either way it's very risky
Tp is 1.25388
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20231213_131153.jpg Size: 383 KB
yes yes yes
  • #796,695
  • Dec 13, 2023 5:23am Dec 13, 2023 5:23am
Anticipate 1. 25700 before FOMC
  • #796,696
  • Dec 13, 2023 5:24am Dec 13, 2023 5:24am
Quoting mrwealthy
Anticipate 1. 25700 before FOMC
You also have a possible reaction to the PPI data release in 2 hours.
  • #796,697
  • Dec 13, 2023 5:32am Dec 13, 2023 5:32am
What is with the market those last days ?
Morning impulse move when Frankfurt open and then they plays with their balls until mid day news or data and then make whipsaw move that it's impossible to gain from ?
Where is the regular move mf ?
Lo ,price break , reaches some kind of a level , we take profit and tell you to go fuck yourself
This is really annoying
Move mf
yes yes yes
  • #796,698
  • Dec 13, 2023 5:43am Dec 13, 2023 5:43am
usdchf short, two areas of support at 0.87530 and 0.87450.
  • #796,699
  • Dec 13, 2023 5:44am Dec 13, 2023 5:44am
Most people driving a car manage there risk by driving with discipline and respecting the car functionality.

same should be be applied in trading
MY OPINION NOT FINANCIAL ADVISE
  • #796,700
  • Dec 13, 2023 5:44am Dec 13, 2023 5:44am
Magnet open
Insane in the Brain..
1,006 traders viewing now, 1 is registered:
masteranuj