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Cable Update (GBPUSD)

  • #826,801
  • May 23, 2024 2:38pm May 23, 2024 2:38pm
Quoting Waveskierrob
{quote} So in what timespan did this happen...
As a newbie, my thinking is always simple and straightforward.
We getting caught up in what the Fed says, instead, we should focus on the real state of the economy.

The huge debt levels, slow growth, all the money the central bank has pumped in, and how dependent the economy is on easy money.
( all fcuked up)

Then, think about how this fits with higher interest rates.
We'll probably get a better idea of what's coming next than by listening to Fed officials go on and on.

The only person making so much money from this is Nancy...... yeah you know Nancy
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,802
  • May 23, 2024 2:45pm May 23, 2024 2:45pm
Quoting ScalaFX
{quote} Hey Bro! I hope all is good
Yes, of course. And it will become better.
  • #826,803
  • May 23, 2024 2:48pm May 23, 2024 2:48pm
Quoting Pat Chiko
{quote} As a newbie, my thinking is always simple and straightforward. We getting caught up in what the Fed says, instead, we should focus on the real state of the economy. The huge debt levels, slow growth, all the money the central bank has pumped in, and how dependent the economy is on easy money. ( all fcuked up) Then, think about how this fits with higher interest rates. We'll probably get a better idea of what's coming next than by listening to Fed officials go on and on. The only person making so much money from this is Nancy...... yeah you...
Nancy doesn't benefit financially from investments, Paul does!
  • #826,804
  • May 23, 2024 2:53pm May 23, 2024 2:53pm
Biden keen to shore up waning support among young people ahead of the November presidential election
Keep pushing USD.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,805
  • May 23, 2024 2:59pm May 23, 2024 2:59pm
Quoting Pat Chiko
Biden keen to shore up waning support among young people ahead of the November presidential election Keep pushing USD. {image}
The REALLY BIG DEAL is that countries outside of NATO (approximately?) are looking to get rid of their US $ treasury holdings as the US looks to impose more sanctions on countries cooperating with Russia (OPEC?). This means less demand for US$ globally which puts even more pressure on the FED to cut the money supply when Biden and team are looking to spend more!
Throw into the mix Yellen and her G7 finance ministers wanting to impact Chinese monetary policy to get China to reduce industrial production (electric cars, etc).
Interesting!
  • #826,806
  • May 23, 2024 3:00pm May 23, 2024 3:00pm
...just updating charts before bed. Not much historically market moving U.s data tomorrow but the London morning starts with Uk Retail sales, which may cause a flutter?

Almost certainly now a 2762 (current wkly hi) fractal swing on the dly will be created by close of Today's dly candle, - a 2nd and consecutive HH on that t/f, the 1st @ 2634 and then the L @ 2445, these in the move 2300-2762. Doubtless there will be some 'buy the dip' players on 4hr or below looking for long opportunities? We'll see what the data does.

Dly below
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Trader with an Edge.
  • #826,807
  • May 23, 2024 3:01pm May 23, 2024 3:01pm
Quoting dantpm
{quote} Nancy doesn't benefit financially from investments, Paul does!
Who need SL when trading ?
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,808
  • May 23, 2024 3:06pm May 23, 2024 3:06pm
Quoting Waveskierrob
{quote} So in what timespan did this happen...
Back to your main Q :
British Pound (GBP) price prediction 2024:
With markets expecting the Bank of England to start cutting rates sooner (August) than in the US and EU, a 50bp swing in the GBP:USD one-year swap differential in favour of looser BoE policy, the relationship since the start of 2023 suggests GBP/USD should be trading closer to 1.21.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,809
  • May 23, 2024 3:14pm May 23, 2024 3:14pm
Quoting dantpm
{quote} The REALLY BIG DEAL is that countries outside of NATO (approximately?) are looking to get rid of their US $ treasury holdings as the US looks to impose more sanctions on countries cooperating with Russia (OPEC?). This means less demand for US$ globally which puts even more pressure on the FED to cut the money supply when Biden and team are looking to spend more! Throw into the mix Yellen and her G7 finance ministers wanting to impact Chinese monetary policy to get China to reduce industrial production (electric cars, etc). Interesting! ...
BoE's big question: follow the Fed or the ECB?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,810
  • May 23, 2024 3:32pm May 23, 2024 3:32pm
for scalping only
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,811
  • May 23, 2024 3:45pm May 23, 2024 3:45pm
Quoting Pat Chiko
{quote} BoE's big question: follow the Fed or the ECB?
Two decisions, follow the FED or the ECB and what level of US Debt they want to hold to support the US.
  • #826,812
  • May 23, 2024 3:54pm May 23, 2024 3:54pm
FOMC Member Bostic Speaks an hour+ ago

FED should hold rates high for a long time.
(maybe 10-15 years...who knows)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,813
  • May 23, 2024 4:00pm May 23, 2024 4:00pm
Quoting dantpm
{quote} Two decisions, follow the FED or the ECB and what level of US Debt they want to hold to support the US.
Fed may decide to postpone rate decreases until at least the second half of 2024 due to robust US statistics.
ECB has indicated that it will make its own decisions and is expected to start reducing interest rates in June.

If CB modify interest rates independently of one another, they run the danger of changing the relative value of their respective currencies.
The ECB's revised rate path hurt EUR/USD.

It is not possible the BoE can reduce faster than the Fed, given that UK services inflation (6%) is substantially higher than that of the US (5.3%) and the eurozone (4.0%).

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,814
  • May 23, 2024 4:09pm May 23, 2024 4:09pm
I know that it is the GBPUSD thread but an interesting CAD development, fearing foreclosures banks in Canada are renewing mortgages for interest only! How long before this spreads!
  • #826,815
  • May 23, 2024 5:28pm May 23, 2024 5:28pm
On a friday, trading in NY session is preferable.

From daily s1 to daily pivot.

or

even r1
Intraday only.
  • #826,816
  • May 23, 2024 5:53pm May 23, 2024 5:53pm
Tasty eth short after etf approval it’s quite overpriced
Master your mind. Master Trading.
  • #826,817
  • May 23, 2024 8:35pm May 23, 2024 8:35pm
daily GU gave me a sell signal today
short trump and go long the deepstate
  • #826,818
  • Edited 9:44pm May 23, 2024 9:33pm | Edited 9:44pm
last week thursday at 4am my computer updated windows or google or both and kicked me out of FF and I couldn't log back in as zebi since I didn't know the password. I tried to get twees help to send my password to a new email addy or enable me to get back into FF on his end under my old name but I guess he couldn't do that since I didn't even remember my old email address

so yes gentlemen Im the real and original Zebi

and here's a proof of life video that its me...regulars will recognize its me dancing when the dollar kicks ass

https://www.hardchargertrainingcente...works-dancing/
short trump and go long the deepstate
  • #826,819
  • May 23, 2024 9:41pm May 23, 2024 9:41pm
if red tomorrow I see a shooting star on the weekly
  • #826,820
  • May 23, 2024 9:52pm May 23, 2024 9:52pm
Quoting Zebi2
last week thursday at 4am my computer updated windows or google or both and kicked me out of FF and I couldn't log back in as zebi since I didn't know the password. I tried to get twees help to send my password to a new email addy or enable me to get back into FF on his end under my old name but I guess he couldn't do that since I didn't even remember my old email address so yes gentlemen Im the real and original Zebi and here's a proof of life video that its me...regulars will recognize its me dancing when the dollar kicks ass https://www.hardchargertrainingcente...works-dancing/...
damn bro glad you ok still green pips man glad to have you back
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