Cable Update (GBPUSD)

Credit Suisse: US might see 4 25bp rate hikes in 2015 – eFXnews

Key Quotes

“Our US economics team continues to forecast that a) the Fed will start hiking in June and b) that there may be as many as four 25bp rate hikes seen in 2015.”

“Clearly these outcomes would be more aggressive than the market is pricing in, and these underpin our longer-term USD-bullish outlook and bullish USD longer-term trades in our trade recommendation portfolio. We do not have enough reasons yet to change these views based on Yellen’s testimony.”

“By definition, the US outlook will be highly data dependent, and we prefer to see more of such data before changing structural views. But near term we need to look away from the greenback for trade ideas.”

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waiting for NY and Yellen Testifies

1.5600 is final destination 1.5550 was first target 1.5380 if reject complete up trend

https://charts.mql5.com/7/106/gbpusd...ts-limited.png

Do they still drug test at Credit Suisse?

Yellen facilitating a shift from data-specific to data-driven guidance – BBH

“The more we reviewed Yellen's remarks, the more we are convinced that the Chair is preparing investors for a change in the forward guidance at the next meeting in the middle of March.”
“She is facilitating a shift from date-specific to data-driven guidance.”

“In particular, we are struck by her effort to push back against the doves arguments about inflation being too low and the global headwinds being too strong.”

“She specifically argued that the decline in oil prices were not only depressing headline inflation, but also bleeding into the core rate. She reiterated that the inflation impact from falling energy prices was temporary.”

“On the other score, Yellen did not argue that US was immune to global developments. Instead, she suggested that the forces were broadly neutral.”

“The drop in oil prices and the downward pressure on interest rates was offset by the rise in the dollar. Yellen specifically said that domestic demand and spending were sufficiently strong to put the US economic recovery on firm footing.”

“Yellen delivers the same prepared remarks to the House Financial Services Committee. The questions from the Representatives will be different, but her answers will be the same.”

“Past Chairs often appeared to use the second day of testimony to try to help clarify the delivered remarks if they thought the market's reaction was not in the direction that it wanted. We suspect that Fed officials were just as surprised as us with the dovish market reaction.”

2nd time

Yes, they do but then the guys use other people's samples

I think CS is saying one thing and doing another, Yellen was obviously DOVISH, let's not kid ourselves, the US data indicates growth but not as fast, 22 Central Banks lowered rates in the past couple of months including CB of Canada, so IMHO, the FEDs will act later than sooner with a one hike late this Summer or Early Fall with a wait and watch policy. After all, they can't hike too much pushing the USD so high that the trade deficit rockets and no one buys US products coz they'll be soooo expensive. Look at the USDCAD now, rediculous. Anyways, this is JMHO.

I had sell limits at 5550/to 5570. After seeing your posts, I changed it to 5540/70. Alas, it missed again.

But good job.

Respect the D1 cloud... or else...

Seems that the GBPUSD is ready for another decline.

If gets passed 1.5444 then 1.5260 could be next........

TP hit
Further down is possible.

getting tired, wanna close all position soon...

tp and long 5470 ,, lets see if this is the 3rd time it fails the line ,, if its good 5600 , but could see lower sl and short is on

simply NY should do this right now

https://charts.mql5.com/7/106/gbpusd...ts-limited.png

hope to see new lows on monthly chart , the trend has to be go on

nice one. Wish n guess 2nd tp should get breached soon.

I sent to you a PM.

need 5490 and high ,,or thats short again 5450 ,, any sign change direction