Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Cable Update (GBPUSD)
{quote} GU Closed all Re-evaluate for pullback Will come back later at NYO with an eye on the new US PCE Price Index report. (in a bit) It's important because it will affect what people expect about when the Federal Reserve (Fed) might decide to lower interest rates. This, in turn, can impact the value of the US Dollar (USD). {image}
- #805,363
- Jan 26, 2024 4:48am Jan 26, 2024 4:48am
- Joined Aug 2022 | Status: Trader | 4,859 Posts
{quote} GU Closed all Re-evaluate for pullback Will come back later at NYO with an eye on the new US PCE Price Index report. (in a bit) It's important because it will affect what people expect about when the Federal Reserve (Fed) might decide to lower interest rates. This, in turn, can impact the value of the US Dollar (USD). {image}
In reality it is simply one piece of data in a lot of data that the FED looks at.
In any event MM's /the market will do what they always do which is whatever they want independent of the data!
- #805,364
- Jan 26, 2024 4:50am Jan 26, 2024 4:50am
- Joined May 2021 | Status: Trader | 7,225 Posts
People don't plan to lose. They lose because they don't plan.
- #805,368
- Jan 26, 2024 5:00am Jan 26, 2024 5:00am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} GU Closed all Re-evaluate for pullback Will come back later at NYO with an eye on the new US PCE Price Index report. (in a bit) It's important because it will affect what people expect about when the Federal Reserve (Fed) might decide to lower interest rates. This, in turn, can impact the value of the US Dollar (USD). {image}
pullback
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #805,370
- Jan 26, 2024 5:12am Jan 26, 2024 5:12am
- Joined May 2021 | Status: Trader | 7,225 Posts
People don't plan to lose. They lose because they don't plan.
- #805,371
- Jan 26, 2024 5:13am Jan 26, 2024 5:13am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} The core PCE may impact perceptions. In reality it is simply one piece of data in a lot of data that the FED looks at. In any event MM's /the market will do what they always do which is whatever they want independent of the data!
Early estimated from Reuter/Bloomberg , the US PCE Prices are seen rising by 0.2%, it indicates a modest increase in the personal consumption expenditure price index.
A 0.2% increase in PCE prices might be viewed as relatively moderate
Yes I agree with you that it may not have a clear-cut impact on the USD, and the Fed's decision on interest rates would depend on a broader assessment of economic factors.
And my view that moderate increase might not have a strong immediate impact on the value of the US Dollar.
Trade Sefely
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #805,372
- Jan 26, 2024 5:17am Jan 26, 2024 5:17am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
Come on
I can win 30 pips
For 60 $
I can win 30 pips
For 60 $
yes yes yes
- #805,375
- Jan 26, 2024 5:26am Jan 26, 2024 5:26am
- Joined Sep 2008 | Status: Trader | 2,275 Posts
short 5th 2745
- #805,376
- Jan 26, 2024 5:28am Jan 26, 2024 5:28am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
- #805,379
- Jan 26, 2024 5:37am Jan 26, 2024 5:37am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} GU pullback {image}
Trapping more seller hoping for minor pullback ?.
Just my view, as price is breaking YH and may take out the upper OB and taking out seller SL.
Nothing recorded here is in anyway a financial advice
- This is my technical analysis for this pair.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #805,380
- Jan 26, 2024 5:42am Jan 26, 2024 5:42am
- Joined Sep 2008 | Status: Trader | 2,275 Posts
Selling right now at 1.2744. Cheers. A bit overdone. lol
