watch out cable longs. only nothing against the cable now is eur/gbp, gbp/aud, gbp/nzd all are strong in favour of euro, nzd and aud. even a struggling kiwi is putting up a fight
Cable Update (GBPUSD)
- #422,661
- Jan 27, 2016 8:04am Jan 27, 2016 8:04am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
- #422,662
- Jan 27, 2016 8:08am Jan 27, 2016 8:08am
- Joined Dec 2013 | Status: Trader | 19,815 Posts | Online Now
watch out cable longs. only nothing against the cable now is eur/gbp, gbp/aud, gbp/nzd all are strong in favour of euro, nzd and aud. even a struggling kiwi is putting up a fight
- #422,663
- Jan 27, 2016 8:10am Jan 27, 2016 8:10am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
- #422,665
- Jan 27, 2016 8:21am Jan 27, 2016 8:21am
- Joined Dec 2013 | Status: Trader | 19,815 Posts | Online Now
- #422,671
- Jan 27, 2016 9:19am Jan 27, 2016 9:19am
Quoting Charith
bears @ 4260
Quoting Charith
{quote} bears, again @ 4284
Quoting Charith
{quote} Hedged @ 4300
Indeed they were, look at it go.
bears @ 4260
Quoting Charith
{quote} bears, again @ 4284
Quoting Charith
{quote} Hedged @ 4300
Exit hedge @ 4350, +50 profit Things are looking very bearish right now, let see where it takes us.
... I'm not crazy, just Paranoid ...
- #422,674
- Jan 27, 2016 9:46am Jan 27, 2016 9:46am
- Joined Jan 2016 | Status: back to the lab again | 425 Posts
{quote} Hi Fx Analyst, I don't know much about fundamental of the market ( just tech.) would you explane if fed keep the rate unchanged whats going to happen to USD. please.
I think right now the expectation is the Fed is going to raise a total of four times this year. That has likely been factored into the market by now so if the tone of the release is consistent with that very little will happen. If they become more dovish (somehow signal the may not raise a total of four times this year) there could be a sharp correction and the expectations of Interest Rate Differentials (IRD) will change. That's what will drive any knee jerk reaction. What happens after that get's more complicated. IRD's aren't the end all be all to exchange rate determination, in fact currency pairs can move seemingly in directions that have nothing to do with IRD. If you google "exchange rate puzzles and distorted beliefs filetype
df" (no quotes and that smiley should read colon,pdf but the colon p turns into something I can't seem to get rid off...) you'll begin to see how complex modeling FX is on a fundamental basis. It's tough, inaccurate and often changing.here's a link to the search string:
https://www.google.com/webhp?sourcei...filetype%3Apdf
As you research it you'll discover there are two basic belief systems, Neo-Classical and Post Keynesian, each with a confounding number of models and adjustments to explain how and why rates do what they do. While none of them may ever get it completely right, digging in and understanding the underlying components will add insight into any traders technical decisions.
Appreciate you asking.
When you hit 50, coffee becomes part of a proper modeling pipeline.
- #422,675
- Jan 27, 2016 9:46am Jan 27, 2016 9:46am
- | Joined Feb 2011 | Status: Trader | 1,237 Posts
gbp usd 3 x to try break the resistance, the penalty for the bull after passing daily lows that trend line {image}
- #422,677
- Jan 27, 2016 9:54am Jan 27, 2016 9:54am
- Joined Oct 2010 | Status: Trader | 21,478 Posts
gbp usd 3 x to try break the resistance, the penalty for the bull after passing daily lows that trend line {image}
Intraday only.
- #422,680
- Jan 27, 2016 10:09am Jan 27, 2016 10:09am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
{quote} I would prefer the pink support.
