FTSE be like: Ok, we are not in a recession yet! image

Cable Update (GBPUSD)

better than expected tho

Cable Update (GBPUSD)

BOE 50bps hike next MPC? well, that will depend on CPI report, but Uk's economy could take another 50bps hike based on today GDP numbers

Cable Update (GBPUSD)

GU Will the support hold? IG nope, the buying pressure seems to evaporate. image

Cable Update (GBPUSD)

Yeah, the QoQ -0.2% BOE forecast. But may be the report is worst than expected, and Big banks start positioning themselves!

Cable Update (GBPUSD)

FTSE 100 image Do they know something we dont? One thing i'm sure is that the capital flow is not leaving UK. May be the funds is flowing from riskier assests(stocks) to safer assets gilts? Before GDP report!

Cable Update (GBPUSD)

UK GDP Outlook Consensus: GDP Growth Rate QoQ: BOE forecast -0.2% from 0.8% GDP Growth Rate YoY: 2.8% from 8.7% GDP 3-months Avg: -0.3% from 0.4% NISER GDP Estimate: 0.2% from 0.2% PMI: Manufacturing: 52.2(July) from 52.8 Service: 52.6(July) from ...

Cable Update (GBPUSD)

GU Short setup Partial TP blue line 2nd TP is at RSf. T image At RSf, we can long. Tomorrow PPI eyed.

Cable Update (GBPUSD)

Guess Powell will have his "Softish landing"

Cable Update (GBPUSD)

Based on your holding short positions, you are expecting DXY to rise on CPi? Hope to hear your view before the CPI report, bro.

Real Trading

Exactly, since it is the opposite of his #2 that drives the market, and we called it market sentiment!

Cable Update (GBPUSD)

US CPI outlook (IMO) Consensus: CPI YoY: 8.8-8.9% [from 9.1%] Core YoY: 6.1% [from 5.9%] Inflation MoM: 0.2-0.3% [from 1.3%] Core Inflation MoM: 0.5% [from 0.7%] ISM Prices Index: Service- from 80.1 to 72.3 Manufacturing- from 78.5 to 60.0 Price ...

Cable Update (GBPUSD)

Perfect Example: The market is NOT random! Instead it moves from zone to zone, since Institutions need to open their orders, Take profit on their orders, or let the price to come at them to fill their Pending orders.. Though sometimes, you might ...

Cable Update (GBPUSD)

US10Y IS the market pricing in for a fall in CPI? image

Cable Update (GBPUSD)

US10Y SRF Be prepared for another leg of DXY fall NFP in focus while China Missiles over taiwan, JPY UP Usd down. Two selling pressure for DXY to watch out. image

Cable Update (GBPUSD)

GU RSF Long setup Will wait for 4hr candle to close, let the momentum push through the zone, if it holds Long image Cause the overall GU becomes more bearish. NFP tomorrow is eyed now

Cable Update (GBPUSD)

So what you are trying to indicate here, is that the prior day volatility of a data report, suggest that the market may have already priced in the economic effect (rate hike=currency appreciation), then when the data is out, reverse happens(drop) as ...

Real Trading

GU bearish trend is set to continue. But Until where? To 1.1?

Cable Update (GBPUSD)

Longs position are being closed and may be shorts are being open. banks are positioned themselves on the money market!

Cable Update (GBPUSD)

Time to move to 1min chart, to see the big guys fight amongst themselves!

Cable Update (GBPUSD)