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Cable Update (GBPUSD)

  • #823,301
  • Apr 25, 2024 4:22am Apr 25, 2024 4:22am
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Long as shown.... Took P.Prfts at 25 20. I expect a little more up , before a crest.

  • #823,302
  • Apr 25, 2024 4:42am Apr 25, 2024 4:42am
Quoting suhas316
another short .....GBP/USD {image}
Stop loss hit
!! Radha Radha !!
  • #823,303
  • Apr 25, 2024 4:44am Apr 25, 2024 4:44am
Quoting suhas316
EUR/USD {image}
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!! Radha Radha !!
  • #823,304
  • Apr 25, 2024 5:10am Apr 25, 2024 5:10am
Highs might have been seen for the session if not the day.
Insane in the Brain..
  • #823,305
  • Apr 25, 2024 5:14am Apr 25, 2024 5:14am
Quoting navk
sold 1.2506
I exited with a profit.

I added few more shorts around 1.2520 and exited.

I am yet to see sell entry on 15 min chart.
Intraday only.
  • #823,306
  • Apr 25, 2024 5:19am Apr 25, 2024 5:19am
Quoting Pat Chiko
{quote} GU Some very lucky trades{image} End of scalping{image}{image}

GU

Market will be moving into complex phase as in preparation for next week FFR.
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The upcoming Federal Funds Rate announcement next week is likely to have a significant impact on the foreign exchange (forex) market.
This announcement can influence how major currency pairs, including those involving the US Dollar, move.

When there's anticipation of a rate change, large funds and institutional investors often adjust their portfolios.
If the rate is expected to rise, the US Dollar may strengthen due to increased interest in US assets. In turn, this can lead to a shift in forex market dynamics as traders buy or sell dollars in response to rate expectations.

The exact impact depends on factors like the size of the rate change and how it aligns with market expectations.
If the actual announcement aligns with forecasts, the market might not react as sharply.
However, if it deviates, it can trigger significant forex market movements, influencing which currencies investors favor.

Thus, large funds (MM)often start adjusting their positions in various currencies ahead of such announcements to align with expected outcomes, ultimately affecting the broader forex market and potentially causing fluctuations in the value of the US Dollar.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #823,307
  • Apr 25, 2024 5:26am Apr 25, 2024 5:26am
Quoting Pat Chiko
{quote} GU Market will be moving into complex phase as in preparation for next week FFR.{image} The upcoming Federal Funds Rate announcement next week is likely to have a significant impact on the foreign exchange (forex) market. This announcement can influence how major currency pairs, including those involving the US Dollar, move. When there's anticipation of a rate change, large funds and institutional investors often adjust their portfolios. If the rate is expected to rise, the US Dollar may strengthen due to increased interest in US assets....

FFR

Current Rate: The target FFR is currently set at 5.25% - 5.50% by the FOMC

Next Meeting: The next FOMC meeting is on 1stMay , 2024 (or 2nd May if you are in Asia)

Newbie Predictions: Anticipate the Fed will maintain the current rate at the May meeting.
So, the FFR will likely remain between 5.25% and 5.50% next week.

Rate Stability: to remain stable in the upcoming meeting. Consistency can reduce uncertainty in the markets, but investors still evaluate broader economic indicators, geopolitical factors, and central bank policies from other regions when deciding on currency investments.
In short, the Federal Funds Rate is one factor, but not the only factor, that large funds consider when placing their money in a particular currency.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #823,308
  • Apr 25, 2024 5:29am Apr 25, 2024 5:29am
Usdchf sell 0.3 lots caschf sell 0.3 lots made a bad trade on the gbpjpy and nzdjpy was stopped out those buggers are being pulled all the way by usdjpy thats why I was leaving them chfjpy as well
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Image as of time of asking Zebi look at the gbpaud trade a quarter of the take profit hopefully usd data is bad today I believe it will be and I'll receive all my profits today
  • #823,309
  • Apr 25, 2024 5:33am Apr 25, 2024 5:33am
Come on mister 200 ema band
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yes yes yes
  • #823,310
  • Apr 25, 2024 5:35am Apr 25, 2024 5:35am
took short again at 1.2520 purely for scalp before news
Intraday only.
  • #823,311
  • Apr 25, 2024 5:39am Apr 25, 2024 5:39am
Quoting Pat Chiko
{quote} FFR Current Rate: The target FFR is currently set at 5.25% - 5.50% by the FOMC Next Meeting: The next FOMC meeting is on 1stMay , 2024 (or 2nd May if you are in Asia) Newbie Predictions: Anticipate the Fed will maintain the current rate at the May meeting. So, the FFR will likely remain between 5.25% and 5.50% next week. Rate Stability: to remain stable in the upcoming meeting. Consistency can reduce uncertainty in the markets, but investors still evaluate broader economic indicators, geopolitical factors, and central bank policies from...
Hey bro whats your take on GDP?
Many are expecting a sh*t show (2.3%)
While Fed atlanta nowcast at 2.7%
More time in the market, does not mean you trade better!
  • #823,312
  • Apr 25, 2024 5:40am Apr 25, 2024 5:40am
Quoting Pat Chiko
{quote} FFR Current Rate: The target FFR is currently set at 5.25% - 5.50% by the FOMC Next Meeting: The next FOMC meeting is on 1stMay , 2024 (or 2nd May if you are in Asia) Newbie Predictions: Anticipate the Fed will maintain the current rate at the May meeting. So, the FFR will likely remain between 5.25% and 5.50% next week. Rate Stability: to remain stable in the upcoming meeting. Consistency can reduce uncertainty in the markets, but investors still evaluate broader economic indicators, geopolitical factors, and central bank policies from...

FFR Impact

What impacts on the GBPUSD if the Federal Reserve maintains interest rates at their current level (5.25% - 5.50%) until inflation reaches their target.

USD Strengthening:
Higher Returns: With US interest rates staying high, dollar-denominated investments become more attractive to foreign investors seeking better returns. This increased demand for USD can strengthen the dollar against other currencies, including GBP.

GBP Direction Uncertain:
Relative Rates: The impact on GBP depends on the BOE monetary policy.
If the BOE raises rates in line with the Fed, GBP might not weaken significantly against USD.

However, if the BOE keeps rates lower, GBP could lose value compared to USD due to the interest rate differential.

UK Economy: The overall health of the UK economy will also influence GBP.
UK's economic outlook weakens, it could further put downward pressure on GBP.
Thanks to the three stooges, they are super rich now, whereases UK people getting poorer.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #823,313
  • Apr 25, 2024 5:51am Apr 25, 2024 5:51am
Where are my SELLers, Shorters and BEARS?

Are you ready?
  • #823,314
  • Apr 25, 2024 5:52am Apr 25, 2024 5:52am
Heads up, GBP seasonal tendencies for is heavily bearish. It does melt. Keep that in mind. GBP money often made in may.
  • #823,315
  • Apr 25, 2024 5:57am Apr 25, 2024 5:57am
Quoting navk
took short again at 1.2520 purely for scalp before news
booked profit
Intraday only.
  • #823,316
  • Apr 25, 2024 6:00am Apr 25, 2024 6:00am
Quoting Jackoboms
Where are my SELLers, Shorters and BEARS? Are you ready?
Oh yeah, let's go!!
  • #823,317
  • Apr 25, 2024 6:00am Apr 25, 2024 6:00am
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E. and BP. Closed all longs here now.

Flat and watching .

  • #823,318
  • Apr 25, 2024 6:01am Apr 25, 2024 6:01am
Data look bad for usd if it stays close to these forecast expect a bull run in the gbpusd I believe the dxy index is going to fall to 104 before bouncing next week to test resistance and break through 106.271 I maybe wrong though
  • #823,319
  • Apr 25, 2024 6:01am Apr 25, 2024 6:01am
Quoting Jackoboms
Where are my SELLers, Shorters and BEARS? Are you ready?
are you expecting bad US data
average dude treading water
  • #823,320
  • Apr 25, 2024 6:04am Apr 25, 2024 6:04am
the weakest shorts have been thrown overboard again with a small profit.

but i think we could test today's highs again.
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trading is like dancing, don't think and just listen to the music!
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