Cable Update (GBPUSD)

hi! how many other beside g/u do you trade?

thanks

we must of been watching the same move lets hope were in a good position ,, pp on 80 asap

all of the majors and cross ,and dax now underwater

$ is not clear ,gbp very all can say is cable is very bearish but oversold,

im waiting for eu to close h4 at 1 gmt

I'm still not shorting DAX , vertical takeoff.....100 pts rally straight up.

I'm reading d1 now under rn and no buyers today its bearish ,could see consolidation

yea I don't think ill hold at all till I see proper bear ,false tl break h1 ,would do you think inverted H+S h1,
longer term =is very bearish ,on higher tf

i thought it would of cleared 80 by now maybe waiting now for news

I'm looking 9400 min. l/t . That daily morning star did an excellent job stalling the selloff.
Intraday might retrace to 9200 , is a possibiity but today not a day to be shorting DAX at all.

Much of the UK headline inflation figures are pure bullshit and made up by a bunch of people more retarded than imbeciles.

Grocery are much more expansive than 2009, for example, the Okan Yogurt, in 2009 it was 600g package and regularly you will find price cut to £1 or 2 for £2 or even buy 1 get 1 free at £1.59. But now the package is reduced to 450g very infrequently you will see those kind of deals. So even if the price stays the same, the package shrinking means that we pay 33.33% more than in 2009, that's 33.33% inflation in 5 years or roughly 6% annualised inflation on this single item.

Another example is the world cup beer sale, in 2010, I was able to get 3 for £16 mixed and match of 15 can pack Carling/Foster/Stella Atoise etc, but this year the best deal I can get was 2 for £18 Carling/Foster, so in this case the per can inflation over 4 years are 69% or 14% annualised.

And most grocery items experienced similar level of inflation significantly higher than 2% threshold by BOE.

The break down of UK CPI is:
10.6% Food & Non-alco
4.4% Alchohol & Tobacco
6.8% Clothing
13.7% Housing & household services
5.9% Furniture & household goods
2.5% Health
14.8% Transport
3.1% Communication
14.1% Recreation & culture
2.1% Education
11.7% Restaurant & hotel
10.3% Miscellaneous goods & services

I mentioned Food & Non-alco + Alchohol & Tobacco above. Housing inflation is equally bad, not only the sales but also renting as now I am looking at £1500 for a studio in London zone 2 and 6 years ago the rent for the exactly same property was about £900(New Providence Wharf for those of you interested)

Transport? Think about fuel, road tax, insurance, blah blah blah.

Restaurant? Just look at the menu of Wagamama or Nandos, 35% price increase over the last 5 years.

Education? How about the tuition fee cap raise from £1500 to £9000???

It takes no more than a imbecile to see how bad the inflation is, and BOE and UK gov still trying to deny their responsibility?

Carney & Co. worry about slack in wage inflation? Hell, wage inflation will go up when people start to feel that they are no longer able to make a live with their current salary due to the inflation. By that time, pension funds will be destroyed too, leave the whole nation suffering from a living standard crunch and wealth destruction.

Maybe that's where we are heading to.

Also CPI is calculated using geometric means but RPI is calculated using arithmetic means, which means CPI tends to be dragged lower by the smaller figures in the basket, I suspect this is done intentionally.

Good Morning guys:

Had a nice 20 pip long on the EU this morn. GU entry chart points to a buy, but the strong down trend is keeping me out, that and news is due in 10 minutes.

Happy hunting.

On the break of 1.6690, i wish to see the pair towards 1.6730

Was that news before its time ???? Fxstreet ???

Long Triggered

Entering stop buy order @ 1.6700 to close the short position ...

me too pulled mine up i the hope of the news lets see if it holds it good luck

Keep your holy grail tools aside , you've been alerted .

is the trend still our ?????