Cable Update (GBPUSD)

Quoting Georginson

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Hello guys, it's been a while here and I hope everyone is pushing beyond limit to earn valuable pips. With just 3 trade days left and just 280 pips distance done this month, there is additional 120 pips left to equate the lowest monthly range of this year being 400 pips and 20 pips left to equate recent lowest October range of 300 pips (October 2023)... Check below simulations Current High 1.3527 minus 400 pips = 1.3127 Current High 1.3527 minus 300 pips = 1.3227 Current Low 1.3247 plus 400 pips = 1.3647 Current low 1.3247 plus 300 pips = 1.3547...

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Quoting Eren10

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{quote} With FED lowering interest rates higher values looks more possbile to me. Or they have to bring it lower before FED.

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Quoting Pat Chiko

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{quote} CABLE to all bull gang........ going for TP at fib level. {image}

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Quoting Pat Chiko

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{quote} CABLE to all bull gang........ going for TP at fib level. {image}

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Quoting Pat Chiko

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{quote} CABLE EW 3 towards FOMC FFR later today. Wonder how the maths goes with Karen who are combine of K1,K2,K3 & K4 in negative 1,200 pips. (claimed up by 1,600 pips...LOL) {image} {image}

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Quoting Pat Chiko

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Federal Funds Rate FOMC Statement If the Federal Reserve cuts interest rates: Impact on the US Dollar (USD) A rate cut means lower returns on USD-denominated assets (like bonds, savings, and treasuries). Investors will look elsewhere for higher yields. This leads to capital outflows from USD assets. Result: USD weakens against most major currencies (EUR, GBP, AUD, NZD, CAD, JPY, etc.). SIs it that simple and straight forrward ?

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Quoting Pat Chiko

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{quote} Federal Funds Rate FOMC Statement Now, hold on........... However — Context matters: If the Fed cuts because the economy is in trouble, fear might dominate → USD could temporarily strengthen (as a safe haven). If the Fed cuts to stimulate a slowing but stable economy, markets usually go full risk-on → USD falls, gold and equities rise.

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Quoting Forgediron

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{quote} 1.34 {image} {image} {image}

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Quoting Pat Chiko

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{quote} FOMC Statement Federal Funds Rate Context Right Now GBP/USD is near 8 weeks recent lows — meaning the USD is strong and GBP is weak. Market is anticipating a Fed rate cut, but it’s not yet confirmed. Traders are queuing to buy GBP/USD on expectation that a rate cut will weaken USD. (except Karen, she's praying to cover huge drawdown ,just to get breakeven) So the market is setting up for a “buy the rumor, react to the tone” event.

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Quoting Pat Chiko

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{quote} FOMC Statement Federal Funds Rate Scenario 1 – Fed cuts rate (by 0.25%) and sounds dovish Market Reaction: USD weakens immediately. GBP/USD jumps sharply — could spike 100–200 pips upward quickly. (Karen will be jumping too) Gold (XAU/USD) and equities rise as well. Reason Investors anticipate cheaper money → they dump USD, chase higher-yield currencies and risk assets.

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Quoting Pat Chiko

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{quote} Federal Funds Rate FOMC Statement Scenario 2 – Fed cuts but sounds neutral or slightly hawkish Market Reaction: Initial spike up on rate cut, but USD recovers quickly afterward. GBP/USD may shoot up briefly, then reverse down hard. This “bull trap” scenario happens often — buyers who jump early get flushed. Trade Implication: Expect high volatility and fakeouts. Safer to wait for the press conference tone before committing heavily.

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Quoting Pat Chiko

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{quote} FOMC Statement Federal Funds Rate Context Right Now GBP/USD is near 8 weeks recent lows — meaning the USD is strong and GBP is weak. Market is anticipating a Fed rate cut, but it’s not yet confirmed. Traders are queuing to buy GBP/USD on expectation that a rate cut will weaken USD. (except Karen, she's praying to cover huge drawdown ,just to get breakeven) So the market is setting up for a “buy the rumor, react to the tone” event.

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Quoting Pat Chiko

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{quote} Federal Funds Rate FOMC Statement Scenario 3 – Fed keeps rates unchanged (Market expected a cut, but they hold steady) Market Reaction: Massive surprise → USD strengthens sharply. GBP/USD drops like a stone, possibly breaking new lows. Gold dumps, equities fall. Trade Implication: GBP/USD could plunge below key support (1.2600 or lower). Karen will get her final margin call, and we going to miss her dearly....... The End, any comment , please do so,

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