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Cable Update (GBPUSD)

  • #811,581
  • Edited 11:08am Feb 24, 2024 10:52am | Edited 11:08am
Let's talk fundamentals; With inflation on both the U.s side and Uk proving 'stickier' than the Fed's Fomc (although inflation is coming down more than Uk presently, in the U.s,) and the Boe's Mpc would like, and with the Fed effectively telling the markets to be prepared for higher rates for longer, re a possible cut, it is hard to know which way the market will turn next. I think the present state of the Ukraine/Russia and Israel/Hamas things are priced in, and with Uk in a 'technical' recession with the forecast consensus that it will be 'shallow,' these are effectively the main fundie themes currently @ play that may affect Gbpusd.

There are those in this thread that espouse a longer-term strong dollar thesis but I am not sure they have adequately explained why? I would be interested to learn why from a fundie and/or technical point of view. I can see how Usddxy bounced up from potential rbs per the chart below, but are there any more technical reasons to support this longer-term strong dollar thesis?

Interesting article re link below from Lawrence Summers (former U.s Treasury sec under Bush jnr, - 43,) and it may speak to what happens if Trump loses the election, assuming he is the Gop nominee. Summers Warns Markets May Be Underpricing the Risk of Disorder | Forex Factory

Usddxy Mthly below
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Trader with an Edge.
  • #811,582
  • Feb 24, 2024 11:51am Feb 24, 2024 11:51am
Quoting montygoldy
trade idea for weekend gone long on BTC.. targeting atleast 51900-52000 {image}
Update on trade.. positive sl in place
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Extreme gut feeling trader
  • #811,583
  • Feb 24, 2024 11:54am Feb 24, 2024 11:54am
Quoting birdland
{quote} do you also use a trade copier? i only discovered this possibility to trade several accounts at the same time last year and discovered the advantages it offers.
Manually I trade one account/one Week, then I request for withdrawal. For withdrawal the profits I use bank wire transfer and it takes 2-4 days. In that Week I trade another account, (Cyclic order).
Intraday Trading is an Art _ hoda
  • #811,584
  • Feb 24, 2024 6:48pm Feb 24, 2024 6:48pm
Quoting nubcake
{quote} No.
So much love coming your way nub, must make you all warm and fuzzy.
  • #811,585
  • Feb 24, 2024 10:36pm Feb 24, 2024 10:36pm
Daily tf usdx, range top running!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #811,586
  • Feb 24, 2024 10:37pm Feb 24, 2024 10:37pm
Quoting Ferna
{quote} yes i suspect there needs to be some special camera, i tried to photo it too but bad pic.
I saw the yellow moon tonight over here in Ontario . Looked marvellous. Big and yellow was staring at it for quite a bit
Master your mind. Master Trading.
  • #811,587
  • Feb 24, 2024 10:51pm Feb 24, 2024 10:51pm
Quoting montygoldy
{quote} Update on trade.. positive sl in place {image}
tp hit @51800..... now shorting at @51570 tp 51070 and sl high of the day....
Extreme gut feeling trader
  • #811,588
  • Feb 24, 2024 11:33pm Feb 24, 2024 11:33pm
i tried looking at the sentiment on FF and i almost slid off the chair when i seen 90%


i guess FF uses lots instead of the number of traders that are bearish/boolish and thats screwed up

that fooks things up and gives a wrong reading of sentiment
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short trump and go long the deepstate
  • #811,589
  • Feb 24, 2024 11:40pm Feb 24, 2024 11:40pm
Quoting Nordling
{quote} Hmm... You haven't posted your withdrawals either my man. Welcome to the mindbenders club
good try. look at how person behave and what they show. they not access markets. they play pretend. here good info to offer eg

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this not price charts but look veeeeery close. they audio file chunks of 2 movies i watched. i did not alter look. they real similar to price chart moves. have to be daft to not see it for real. so for withdrawals it easy to see who knows markets. person cannot be so dumb to have all info needed at fingertips but make same errors day after day. pretty funny funny. fun fact hah. trading not wot u think it is. withdrawals make it real. O.
protein for breakfast !
  • #811,590
  • Feb 24, 2024 11:41pm Feb 24, 2024 11:41pm
Quoting Waveskierrob
{quote} {image}
yes smiley face 4 u.
protein for breakfast !
  • #811,591
  • Feb 24, 2024 11:45pm Feb 24, 2024 11:45pm
Quoting Zebi
i tried looking at the sentiment on FF and i almost slid off the chair when i seen 90% i guess FF uses lots instead of the number of traders that are bearish/boolish and thats screwed up that fooks things up and gives a wrong reading of sentiment {image}
all this remind me of terminator genysis & person all want upload all teir data and identity to cloud 24 7. so dumb. persons not see ALL data tell story about real person. not just throw away info persons try use to hide who they are or not.
protein for breakfast !
  • #811,592
  • Feb 24, 2024 11:53pm Feb 24, 2024 11:53pm
Quoting Headland
Let's talk fundamentals; With inflation on both the U.s side and Uk proving 'stickier' than the Fed's Fomc (although inflation is coming down more than Uk presently, in the U.s,) and the Boe's Mpc would like, and with the Fed effectively telling the markets to be prepared for higher rates for longer, re a possible cut, it is hard to know which way the market will turn next. I think the present state of the Ukraine/Russia and Israel/Hamas things are priced in, and with Uk in a 'technical' recession with the forecast consensus that it will be 'shallow,'...
fyi inflation news derived forecasts is after affect of fundamentals not a fundamental. u wil not find or see any fundamentals on this site. all talk bout technicals. i no ive looked long n hard to find it. not 4 real markets just tech heads. fundies dont follow technicals they independent so on ground level were all action is. pls educate on this.
protein for breakfast !
  • #811,593
  • Feb 25, 2024 12:04am Feb 25, 2024 12:04am
Quoting oochiwaawaa
{quote} good try. look at how person behave and what they show. they not access markets. they play pretend. here good info to offer eg {image} this not price charts but look veeeeery close. they audio file chunks of 2 movies i watched. i did not alter look. they real similar to price chart moves. have to be daft to not see it for real. so for withdrawals it easy to see who knows markets. person cannot be so dumb to have all info needed at fingertips but make same errors day after day. pretty funny funny. fun fact hah. trading not wot u think it...
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we imagine pic above is gbpusd price chart. look at all tops bottoms & remember all the theories why markets do it all with ff and retail online trading marketplace. u think about it now. soooo funny. bet sum feel silly now believe things first but not fact chek. O.
protein for breakfast !
  • #811,594
  • Feb 25, 2024 1:30am Feb 25, 2024 1:30am
Quoting mallee
{quote} So much love coming your way nub, must make you all warm and fuzzy.
Big love coming from the bottom bunk.
Congratulations ScalaFX for coming out of the closet!
  • #811,595
  • Feb 25, 2024 1:33am Feb 25, 2024 1:33am
Quoting Zebi
i tried looking at the sentiment on FF and i almost slid off the chair when i seen 90% i guess FF uses lots instead of the number of traders that are bearish/boolish and thats screwed up that fooks things up and gives a wrong reading of sentiment {image}
Exactly how fucking retarded are you? It says in the very image you posted how many are long versus short. JFC can you at least pretend to be smarter than this?
Congratulations ScalaFX for coming out of the closet!
  • #811,596
  • Feb 25, 2024 1:45am Feb 25, 2024 1:45am
Quoting oochiwaawaa
{quote} {image} we imagine pic above is gbpusd price chart. look at all tops bottoms & remember all the theories why markets do it all with ff and retail online trading marketplace. u think about it now. soooo funny. bet sum feel silly now believe things first but not fact chek. O.
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  • #811,597
  • Feb 25, 2024 1:51am Feb 25, 2024 1:51am
Quoting oochiwaawaa
{quote} fyi inflation news derived forecasts is after affect of fundamentals not a fundamental. u wil not find or see any fundamentals on this site. all talk bout technicals. i no ive looked long n hard to find it. not 4 real markets just tech heads. fundies dont follow technicals they independent so on ground level were all action is. pls educate on this.
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  • #811,598
  • Feb 25, 2024 1:55am Feb 25, 2024 1:55am
Quoting nubcake
{quote} Exactly how fucking retarded are you? It says in the very image you posted how many are long versus short. JFC can you at least pretend to be smarter than this?
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  • #811,599
  • Feb 25, 2024 2:07am Feb 25, 2024 2:07am
Quoting oochiwaawaa
{quote} good try. look at how person behave and what they show. they not access markets. they play pretend. here good info to offer eg {image} this not price charts but look veeeeery close. they audio file chunks of 2 movies i watched. i did not alter look. they real similar to price chart moves. have to be daft to not see it for real. so for withdrawals it easy to see who knows markets. person cannot be so dumb to have all info needed at fingertips but make same errors day after day. pretty funny funny. fun fact hah. trading not wot u think it...
I trade based on fundamentals. To be more specific, i open my positions generally after the cpi and gdp data. The price is important for me, not the chart. What will you say about this?

Note: i don't look at the headline cpi or gdp numbers that are released here. I dig down on the report itself a bit and break it down.
You have to have an IQ higher than 90 to interact with this user.
  • #811,600
  • Feb 25, 2024 2:13am Feb 25, 2024 2:13am
Quoting KareemAliFx
{quote} I saw the yellow moon tonight over here in Ontario . Looked marvellous. Big and yellow was staring at it for quite a bit
Fascinating isn’t it?
There are some good tales about it. I kinda envy the telescope nerds, would be quite cool sitting on a high hill somewhere with a warm blanket, some chocolate or hot dogs boiling beside me and just observe the skies.

There been some sun flare activity lately too, don’t know if you are north enough, but you might see the Aurora borealis also called northern lights if you time it with the sun flares.
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You have an IQ lower than 90 if you interact with this user.
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