The September is about to get volatile in the coming days. I expect GBP to bottom out by 20th, when I expect inflation to show signs of resurgence again in the UK and put pressure on bonds (pushing the yields higher) and in turn pushing the GBP ...

Cable Update (GBPUSD)

In my opinion, the UK CPI tomorrow is set to stay above 7% and well above the consensus. What will the Pound's reaction be? Hard to tell, selloff if we're looking at the recent prints, but stay cautious.

Cable Update (GBPUSD)

and that's another week done...

Cable Update (GBPUSD)

My guesstiamte is UK Cpi undershoots forecasted consensus, although I've read some article on Bloomberg the consensus is quite optimistic. Sells either way, not much dry powder left for the longs.

Cable Update (GBPUSD)

Really strong consumer confidence spoiled the rally I was hoping for, but it was a bullish day nonetheless, as expected. Softer print in Canada's CPI means we could get a softer print in the US CPI as well, and optimistic economic data means that ...

Cable Update (GBPUSD)

Coming into Tuesday with a bullish GBP bias, but it's going to be a mad day considering all the economic releases. The thing that sticks out to me is the consensus on consumer confidence. It is expected to come in higher than the previous report, ...

Cable Update (GBPUSD)

PMI garners more attention than any other economic release other than the monthly employment report. It is a leading indicator that depicts the general state of manufacturing and services sectors and of larger economy, but in a broad strokes. So the ...

Cable Update (GBPUSD)

Both GBP and USD are showing significant strength vs. most other major currencies, but that makes the pair difficult to trade, so my week is done. Fed speakers have no reason to change the tone, and the S&P PMIs are just not as important because ISM ...

Cable Update (GBPUSD)

It is very important to know why something did or did not happen, and it is as important to have expectations for future events and a clear idea of how you will act if your expectations are met, exceeded, or fall short.

Cable Update (GBPUSD)

A bit underwhelming day. I did not expect a 0.5% hike, and looking at yesterday's inflation report, the sectors driving the inflation don't get affected by the rate hikes anyway. It might be a policy mistake, but we'll see that in the coming months. ...

Cable Update (GBPUSD)

So you do your analysis and come to a conclusion that a hawksih surprise is highly likely, and with that in mind, you intend to come into the event with a short position?

Cable Update (GBPUSD)

As far as the pound, I don't expect strength after BoE. I think 0.5 rise is out of question following cpi data, and 0.25 is gonna be interpreted as dovish. But dollar won't be too hot either, unless the unemployment claims fall. So 0.25 hike + plus ...

Cable Update (GBPUSD)

Interesting day today in cable. It seems to me that the GBP simply followed the EUR up (as they tend to move in tandem vs. USD), and most likely triggered a lot of stop losses above 1.27, which accelerated the move up with momentum traders buying. ...

Cable Update (GBPUSD)

Took profit at 1.2540, trade duration - 3d8h, drawdown 24 pips, profit 148 pips

Cable Update (GBPUSD)

Very attractive level to buy. I'm long from 1.239, SL - May low(1.2309), TP Friday high (1.2545)

Cable Update (GBPUSD)

The amount of anxiety on this forum is comical

Cable Update (GBPUSD)

Got a small long gbpusd, aiming at 1,2468.. it's more of a just for kicks trade.

Cable Update (GBPUSD)

Brexit will be back in play next week, take care.

Cable Update (GBPUSD)

Nothing surprising in this gbpusd move. It's simply seasonality as usd almost always tends to get weaker in the last days of December and gbp was oversold anyway. Considering there was a BOE rate hike and now optimism about Omicron means more hikes ...

Cable Update (GBPUSD)

Tomorrow is a key day for GBP. It seems to me that markets have somewhat priced in the possibility of EU blocking the export of the AZ vaccine. If this does not happen, GBP should go back towards 1.4.

Cable Update (GBPUSD)