It is even more annoying that Almo is right almost every time.

Cable Update (GBPUSD)

Current market optimism (stocks up, USD and JPY down) is caused by US stimilus hopes. If it is agreed between White House and Democrats, then we can continue to rally. Until this happens (and it is difficult to judge whether it would happen at all), ...

Cable Update (GBPUSD)

We reached beautiful figures of 1.18/1.3/28,000 for EU/GU/Dow simultaneously. Now we either break these levels, or start a downward movement from here. When we reached 1.2/1.35/29,000, it was the latter, but a lot will depend on US stimulus (or lack ...

Cable Update (GBPUSD)

Closed my short with 45 pips loss. I maintain my view that there is no real progress with EU talks, and that more drama will follow, but timing is important. For now, PA is quite bullish, and I would wait for a better opportunity to short.

Cable Update (GBPUSD)

It's tempting to think that bad political news in the US is bad for dollar, but actually it is the other way around. They trigger flight to safety, so stocks fall, and dollar gain. You don't have to take my word for it, look at how market reacted on ...

Cable Update (GBPUSD)

I disagree here. Market crash will be very positive for dollar I believe.

Cable Update (GBPUSD)

By the way, I long wanted to ask you, do you use stops? I don't remember you mention them.

Cable Update (GBPUSD)

I have a sell order at 1.298, maybe we'll meet there.

Cable Update (GBPUSD)

Brexit news fun to continue. url Expect more headlines telling us "it is all great" or "it is all bad". In the end though, political reality would prevail over market manipulation.

Cable Update (GBPUSD)

Yes, I read it as well; does not mean Commission won't be updated at all of course, just that Barnier will be talking with Frost at that time. And anyway, Frost will be updating ministers later today, so there should be some news. I think the talks ...

Cable Update (GBPUSD)

Took a short at 1.288. Stop 200 pips, to allow for fake headlines. I am still pessimistic on Brexit, I don't think there will be anything close to an agreement today. (I may be wrong of course, will reassess the trade if there is a big step towards ...

Cable Update (GBPUSD)

No agreement between White House and Democrats on US stimulus. This should weigh on stocks and USD pairs.

Cable Update (GBPUSD)

If you are not loving GU today, you never will.

Cable Update (GBPUSD)

Played the first set of news poorly, was unhappy with myself and closed my shorts (which I wanted to run for longer). Sometimes it is better to be lucky than good. I won't believe in the trade deal until it is signed; the news may still be fake. For ...

Cable Update (GBPUSD)

I can write a big post about Brexit politics, if you are interested. Probably not today though.

Cable Update (GBPUSD)

This is huge news. url Not entirely unexpected, but will likely trigger a downward spiral.

Cable Update (GBPUSD)

News on US stimulus (or lack thereof) is coming up, scalping is dangerous now.

Cable Update (GBPUSD)

News about US stimulus probably will determine the next move, especially if agreement is reached.

Cable Update (GBPUSD)

Shorted at 1.2860, for a medium term trade. Month end flows are tricky and may be favourable to dollar or not; on top of that, we have presidential debates, BOE/Fed speeches and a lot of important data points in the next few days. So volatility is ...

Cable Update (GBPUSD)

Interesting move. Combination of risk on (probably end of month flows unfavourable to dollar) and sudden Brexit optimism. The latter in my opinion is misplaced, we are no closer to a deal now than we were a week or two ago. The EU and UK red lines ...

Cable Update (GBPUSD)