If you're talking about FOMC today, then I'd say chances of GBP/USD going up and Gold down is highly unprobable.
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DislikedRand Jumps as South Africa Unveils Plan to Tap Reserves for Debt https://www.forexfactory.com/news/12...nveils-plan-to garrick...are you gona buy us all lunch since youre flush with new found wealth all of a suddenIgnored
DislikedCable became really disturbing and annoying and boring. Really, gone nowhere in last 3 months. Will we have back those 80-150 pips days range?! Looks to me it somehow stabilised in this 50/70 range no matter what. Maybe 80 some days but that's it.Ignored
Disliked{quote} My observation would suggest slim, because if GBP/USD er is going up, then Gold tends to move in exactly the same direction. Of course, because of the USD. However, when it's USD specific news, then GBP/USD and Gold follow each other, if it's Pound or Gold specific news and has nothing to do with USD, then GBP/USD can go up and Gold down. If you're talking about FOMC today, then I'd say chances of GBP/USD going up and Gold down is highly unprobable.Ignored
Disliked{quote} If you believe USD/JPY will reach 158, then let's do the following... EUR/JPY at around 170 GBP/JPY at around 197 AUD/JPY at around 102 NZD/JPY at around 97 CAD/JPY at around 116,17 CHF/JPY at around 176,77,78. If you believe that USD/JPY will reach 158, then the best trades you can take now is to short JPY against every major currency. That would amount to around 4000 pips of profit. I don't know where USD/JPY exchange rate will end up, but as soon as it hits the high at 152 I'll prepare myself with sell stop orders. Last time people were...Ignored
Disliked{quote} You want pound to go up and gold to go down? Bruhh that's hard I think it's only possible if United Kingdom found a trillion dollar Gold reserveIgnored
Disliked{quote} Haha no.. because FOMC is USD specific news or whatever you want to call it. If GBP/USD would go up on FOMC today, then Gold would too in 95% of the times.Ignored
Disliked{quote} youre missing the point...BOJ intervened with other countries to save the british pound...if your not aware of that fiasco read up on it...just google liz truss dumb ass did you even look at the monthly chart in my quote? whoevers telling you 150 hurts japan is full of shit...just look at that monthly chart all japan and suzuki are trying to talk down the dollar...they wont be able to save the yen by themselves and i dont think powell or the market is supportive cause some old fook over there wants his sushi to be a few pennies...Ignored
Disliked{quote} As Birdland pointed out. Monthly open at 1.26839 ish very important. It is also a level that has held for the most part of January. Having said, Gu has broken though an important level at 1.2630 and Bulls will want a daily close above to tackle the monthly open. A clear break above the monthly open will put Bulls to the fore. Important times for future GU direction. Trade safe, Cheers. {image}Ignored
Disliked{quote} thanks for the reply. do you think the red news at 7:30 will have any affect?Ignored
Disliked{quote} In light of recent events I have decided that it is better for me to get out of here folks. I have always believed in helping and adding value to the community but it seems not. I have left my TE open for buddies to see. I wish you all well in your trading journey. Trade well. Cheers.Ignored
Disliked{quote} First Klopp and now Garrick? 2024 is getting worse and worse...Ignored
Disliked{quote} youre missing the point...BOJ intervened with other countries to save the british pound...if your not aware of that fiasco read up on it...just google liz truss dumb ass did you even look at the monthly chart in my quote? whoevers telling you 150 hurts japan is full of shit...just look at that monthly chart all japan and suzuki are trying to do is talk down the dollar...they wont be able to save the yen by themselves and i dont think powell or the market is supportive cause some old fook over there wants his sushi to be a...Ignored
Disliked{quote} Hi. I just wanted to let the thread know what actually happened, not your half-baked conspiracy theories. There was no outside govt policy/concerted effort by any alien central bank, be it the Fed, BOJ or otherwise to ..'save the £..' around the time of the Liz truss thing. On the back of the Truss/Kwarteng mini-budget which the markets hated, mainly because of the unfunded tax cuts etc, (biggest since Barber's 1972 cuts,) on 27th Sept 2022 30yr gilts (Uk Govt bonds) rose from 3% to over 5%, this caused a crisis in the pension markets and...Ignored
Disliked{quote} so its just coincidence that BOJ just happened to pick that same day to intervene that the liz truss shit hit the fan ?Ignored
Disliked{quote} Hi. I just wanted to let the thread know what actually happened, not your half-baked conspiracy theories. There was no outside govt policy/concerted effort by any alien central bank, be it the Fed, BOJ or otherwise to ..'save the £..' around the time of the Liz truss thing. On the back of the Truss/Kwarteng mini-budget which the markets hated, mainly because of the unfunded tax cuts etc, (biggest since Barber's 1972 cuts,) on 27th Sept 2022 30yr gilts (Uk Govt bonds) rose from 3% to over 5%, this caused a crisis in the pension markets and...Ignored
Disliked{quote} In the words of the late Chopper Read "Never let the facts get in the way of a good story"Ignored