Cable Update (GBPUSD)

Quoting HaLBot

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{quote} Maybe this is the new norm, bond yields down, stocks up and dollar up.... and I think your right about dollar buying on UJ

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Quoting Zebi

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daily dollar close gona be bullish as long as closes above midpoint... its crazy dollar don't want to even retrace to proper support level around black line as strongly boolish as I am even I'm surprised by the way dollar is acting.... dollar bulls shud stop buying so it closes below the midpoint and can retrace back to the black line like its supposed to technically and be strong support for the breakout to bidens 2022 highs of 112 there's got to be technicians on BOJ staff that can see this and how much havoc it will give the yen when...

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Quoting thevisitor

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{quote} your chart is tellin' me nothing, only possibilities..sorry too much lines .. btw..1.2380 is possible but out of reach Look at weekly only my fiew

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Quoting Whatevs

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USD will probably remain strong until the selections in US. Trump already stated his opinion on USD and the Fed. Fed will cut rates very fast if Trump gets elected and Trump already suggested he wants the weaker USD. This path will unfortunately lead to stagflation. Other option is as bad as this one and that is depression. Whatever happens... middle-class shall be no more. Best bet will be and already is to invest in PMs (Gold, Silver...). Gold hasn't even started yet and won't even mention how undervalued Silver is at the moment. PMs will probably...

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Quoting Bones

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{quote} You know Trump nor Biden has that kind of power at all, in this environment. Even the FED don't have the power to go against the market. This isn't anticipating what the FED will do, as most people say this is the FREE-MARKET pricing up the realtime data outlook over the term of the chart. {image}

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Quoting mallee

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{quote} I think the Fed will have to hike rates. {image}

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Quoting Whatevs

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{quote} Probably what the Fed should be doing, but there's no chance they will, because that path leads to depression. They will do what they always do and that is to keep inflating the system. As GM said, the worse the economy gets, the higher the stock market will go until it won't and it collapses and everything moves into PMs, Crypto...

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Quoting Coreg2004

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{quote} {quote} Waiting for intervention... {image}

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Quoting Whatevs

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{quote} Free-market doesn't exist, because CB always print out the recession and make distortions across the market and do not let the market do what the market has to do. That's the reason why we are in this super-bubble at the moment.

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Quoting fontu

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Though bull target still high now, yet top of probable swing played well, signal given but no hold, too rangy and random play! Anyway will wait swig play perfect before target bull try if market not in hurry! Only scalping ok now a days! {image}

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Quoting Whatevs

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{quote} Probably what the Fed should be doing, but there's no chance they will, because that path leads to depression. They will do what they always do and that is to keep inflating the system. As GM said, the worse the economy gets, the higher the stock market will go until it won't and it collapses and everything moves into PMs, Crypto...

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Quoting dantpm

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{quote} You are ignoring that this is an election year. The FED doesn't have to raise rates just keep them at the current level as inflation is slowing, very slowly. They won't raise rates because to do so would put pressure on Biden's re-election possibilities. They won't cut rates because inflation is not 2%!

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Quoting minhtri

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DXY {image}

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