Posted 5 hours ago. And after Bailey said they won't extend the gilt purchasing program, something should definitely break. At the very least, we will see heavy selling of risk assets and pound. Funny, but maybe it will not be CPI that will be the ...

Cable Update (GBPUSD)

1.12 would be a great place to short, but will we get there? The market gets more and more bearish by the day, bulls have to fight for every pip. It's even more evident with stocks. It looks like things start to break, and once we are in the "sell ...

Cable Update (GBPUSD)

Hm, I overlooked US PPI on Wednesday. if German PPI is of any indication, the spillover of inflation can be brutal. Situations are different though, much lower energy prices in US... Still, it may be a market mover if there would be a big miss.

Cable Update (GBPUSD)

Purely speculating, it can be Asia selling, UK buying on Monday (same as last week); Asia often continue the Friday move before Europe / London reverses. I would expect that the move up if it happens is done on Wednesday and early Thursday; FOMC ...

Cable Update (GBPUSD)

Fundamentally, pound looks doomed. It would just lose value much quicker than dollar. I am also not convinced BOE can hike the rates as quickly as the market anticipates, probably it can't due to political ramifications. I am a bit concerned though ...

Cable Update (GBPUSD)

Basically, this strategy works if there is big surprise, and the market moves in one direction. If the result is more or less within expectations, volatility may hit _both_ your orders, and you will have an 80-100 pips loss straight away. (It may ...

Cable Update (GBPUSD)

The market is rather quiet today, looks like no one wants to commit before NFP. By the way, I wanted to ask people who worked on the bank's / broker's side: what happens exactly when news are released and we see a rapid price movement? Is there a ...

Cable Update (GBPUSD)

On the sidelines right now, but would like the price to go higher so that I can look for a shorting opportunity. So far, the bulls are disappointing, not even able to threaten 1.1220 support-turned-resistance level.

Cable Update (GBPUSD)

Looks like a standard London Friday trade: up, then down. Be careful with the entry, up move can stop at first hurdle (11180-12000) but it also can go for 150 pips before reversing.

Cable Update (GBPUSD)

I hope this will be the case, but I noticed Asia usually goes with the trend on Friday (and often against the trend on other days). I wonder if others share this observation.

Cable Update (GBPUSD)

I agree that nothing is certain, but clearly "down" is the path of least resistance. G/U was trading around 1.12 before UK government announced they would spend like there is no tomorrow, and is trading around 1.12 now, even though long-term gilts ...

Cable Update (GBPUSD)

Switched to my old account, did not like moderation for "junior" members. I don't know what is scarier, to be honest... Higher dollar will probably trigger default for "developing" nations. Anyway, the purchasing power of most if not all ...

Cable Update (GBPUSD)

Looks like the last gasp of air before a deep plunge. Earnings season may be the trigger. People do not realise how bad the world economy is hit already. And what another half-year or year of lockdowns will do to it. Dollar should be a big winner ...

Cable Update (GBPUSD)

I have a similar view, but I am not sure if the last leg of USD selling will still happen before the drop... I hope not as I am short currently.

Cable Update (GBPUSD)

I see it slightly differently. If there is a risk off move because of Covid, dollar will be bought, equities sold (here we agree), but gold and bitcoin may also appreciate: the longer we stay in the Covid limbo, the more money will be printed.

Cable Update (GBPUSD)

Posted more than a week ago, and it looks as if this scenario is being played out now. The danger is tomorrow's Senate election in Georgia, Democrats win may trigger another round of dollar selloff. But the bad news for pound buyers, today was not ...

Cable Update (GBPUSD)

I agree it is a bias. But my bias is based on what market did and did not price in so far. I am also aware of the fact that UK woes is not the only big fundamental game in town, dollar weakness also has to be considered. As to when I would decide ...

Cable Update (GBPUSD)

Hmmm... This got me thinking. You lost you bet against Georginson very narrowly, by 15 pips I think. Is it possible that you have a very useful ability to pick the level just above the actual top?

Cable Update (GBPUSD)

On what happened so far (until today), I agree, the PA was bullish, and while it used Brexit news as fuel, it may have gone up without. But on the future, I disagree completely. The bad news for UK has not yet started to flow. Brexit deal is ...

Cable Update (GBPUSD)

Let's see how much bulls can save here. The issue for them, with Brexit deal complete, the last source of good news is gone. Maybe deal ratification will provide some move upwards... Other than that, economy, corona are very bad and getting worse, ...

Cable Update (GBPUSD)