In the end, I did bet a bit on the hot print (shorted NASDAQ, already out of the trade now). I did it after looking at previous PPI report here: url . It turned out, that in August, the main reason for lower inflation was 13% drop in gasoline ...

Cable Update (GBPUSD)

Which one is better and which one is worse? I expect hot print (imho structural reasons for inflation continue to be underestimated), but probably won't bet on it.

Cable Update (GBPUSD)

Fed minutes rarely swing the market, as most of the information is already given in statement and Powell / governors comments (often the market spikes only to reverse later). In any case, hawkishness seems to be mostly priced in, so there may be an ...

Cable Update (GBPUSD)

I don't know if that's what actually happens, but it makes a lot of sense. And if that's the case, then G/U should stay below 1.12 for the FX part of the trade to be profitable (as 1.12 was the price before mini-budget was announced). In my opinion, ...

Cable Update (GBPUSD)

And I don't think it is an attack. The market just wants compensation for the risk of default (which rose considerably because of mini-budget), thus the price of gilts is lower. I am not even sure there is a lot of actual selling.

Cable Update (GBPUSD)

Why you need GBP to short sell? Just for collateral?

Cable Update (GBPUSD)

Right, now we have the rumours of the mini-budget U-turn. No doubt they will be refuted later. I had a very good trade yesterday thanks to Mr. Bailey and now watch this circus with imaginary popcorn. Would hate to be in a trade right now, big ...

Cable Update (GBPUSD)

Reminds me of the Brexit negotiation days. There were days when we went up or down 200 pips four times a day. I have to start playing these news releases better, both spike up on the fake news during the night and spike down on the BOE reaction were ...

Cable Update (GBPUSD)

Can happen as well. I am on the sidelines right now, I think it will go up before eventual fall, but no desire to go long in a bear market.

Cable Update (GBPUSD)

Don't forget about PPI. It can be up before PPI - down on PPI - up on FOMC minutes - down on CPI ride.

Cable Update (GBPUSD)

I think I have a pretty good undersranding, but I am happy to learn, if you recommend any materials, I will check them out.

Cable Update (GBPUSD)

What crap? I said it can happen. It happened exactly as I predicted.

Cable Update (GBPUSD)

Posted at 9:33pm yesterday. And of course the news is released at 5pm when the liquidity is thin and it is easy to lift the pair. That's a classical Reuters manipulation, I hope they are investigated someday (but I live in the UK long enough to know ...

Cable Update (GBPUSD)

Cashed out half at 1.0973, the other half will run with the stop at 1.1017. I think if bulls get above 1.10 handle, they can still push to 1.11 before (or with) UK GDP / US PPI / US CPI. My main scenario is still a straightforward flush, but one has ...

Cable Update (GBPUSD)

That's good advise for investing, and terrible advise for day trading. A trader should be in sync with the market. I lost a lot of money thinking that the market is mistaken and will see its mistake soon. It can easily take the market a few years ...

Cable Update (GBPUSD)

Some market participants will adopt this line of thinking. Others will say: something is rotten in the British kingdom, I am outta here. All I am saying, the number of people / firms in the second camp should now be higher.

Cable Update (GBPUSD)

Maybe, maybe not. The market probably assumed that once BOE started to rescue pension funds, it will continue doing so. And with pension funds saying that the program should be extended until the end of the month, a clear and direct "no" from Bailey ...

Cable Update (GBPUSD)

That's exactly what they do. So the headline will read smth like "BOE may consider..." and the text will say "according to an anonymous source..."; so they did not lie exactly. And then in a few hours they may print news in the other direction. Have ...

Cable Update (GBPUSD)

The only thing I fear is that Reuters will print fake news like "BOE considers extending the purchase scheme". GU will travel 200 pips up and then down, but my stop will be hit... That's the usual way Reuters prop up the pound, have seen it many ...

Cable Update (GBPUSD)

Will probably do the same, but if it closes above 1.10 I will have to think harder about where to put the stop.

Cable Update (GBPUSD)