Cable Update (GBPUSD)

Out at the moment - need a good reason to get in - and I can't see one
I don't even think the banks really have a clue as to what she is going to say
Will she revert to type - and mention about the election as a reason for being a dove or will she be a hawk
Bearing in mind the Fed has been taking some flak recently- I would not be surprised to see her being more hawkish
Nearly all the other members have been hawkish - Stanley Fischer - her number 2 was hawkish earlier during the week

There was many red news today but none of any currency not moved yet , this week all the currencies range was between 200 pips

Good point, still nothing happening. may just come back out at BE

I'm out

3210 long, no TP, lowest risk..

closed @ 1.3218
on the sidelines until yellen

all closed 3220

3216 short. i think yellen go down

You know I'll be happy to get Yellen outa the way, pain in the backside waiting for these events......

3160 closed

holy shit closed one second before the whipsaw

Massive sell off even before she started speaking

certainly wasnt a whipsaw...

spike down ..

disappeared for a coke and an after eight and look what's happened

i am long from 3145 BE now. target is 3227

now i must say i had 1.3147.. but you almost nailed the entry

Conclusion
Although fiscal policies and structural reforms can play an important role in strengthening the U.S. economy, my primary message today is that I expect monetary policy will continue to play a vital part in promoting a stable and healthy economy. New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in dealing with future downturns. Additional tools may be needed and will be the subject of research and debate. But even if average interest rates remain lower than in the past, I believe that monetary policy will, under most conditions, be able to respond effectively.

this time

Yellen pretty much staying with the status quo IMO