DXY is falling from the top right now. This will be the driving force to lift GU!

Cable Update (GBPUSD)

There are other evidences to support my judgement! All equity future indices are rising. Dow, S&P， Nasdaq are all positive now. DXY is falling!

Cable Update (GBPUSD)

GB just broke through 200MA moment ago. I believe that bull has started moving!

Cable Update (GBPUSD)

Dow, S&P, Nasdaq are all open higher today! Dxy has no reason to go higher . So I believe that GU will break higher today!

Cable Update (GBPUSD)

haha! I do consider forex trading a gambling activity due to its high risky nature. Buying or selling stocks or bonds may not. You guys may not agree with me. But I d consider myself a gambler!

Cable Update (GBPUSD)

I agree with what you have said. We just said the same thing in a different way! When we trade, we actually place a bet on the side of what you believe in higher probability! You admit or not, it is a betting!

Cable Update (GBPUSD)

We are gambling! I just placed a bet in other option platform: Tomorrow at 3:00 AM ET. If GU goes above 1.3760, I would win $82. If not, I would lose $18.

Cable Update (GBPUSD)

UK equity future index has bounced off low and rising. DXY will lack the driving force to go higher! So I believe that the GU will rise. Of course I could be wrong!

Cable Update (GBPUSD)

GU fell because DXY rose. DXY rose because market sentiment turned bad due to covid concern, possible US tax hike and trade war with China. That is why equity market fell yesterday. Now equity market seems bouncing back, so DXY won't rise any more. ...

Cable Update (GBPUSD)

I am new to this forum and have difficulty inserting charts. In my Metatrader 4, the UK index future has bounced off low. USA 500 IDX,JPN IDX all bounce off low. All those indices are rising. DXY is off top now.

Cable Update (GBPUSD)

The equity market is recovering. DXY is showing " head and shoulders ". I see no reason why GU would continue falling!

Cable Update (GBPUSD)

The basic question is: what is the reason behind the GU falling? It is said to be worries about covid-19 , possible US tax hike and trade war with China. This leads to rising in DXY. Are these factors big deals? I have doubt! I still hold long ...

Cable Update (GBPUSD)

If his attitude remains the same, there is no surprise on the market. The yields may continue to strength in the future, but won't jump up at his speech, so there won't be a big impact on GU. If his attitude changes, there will be a big impact on ...

Cable Update (GBPUSD)

So far Powell's attitude towards rising yield is "do nothing". If he changes the attitude, or says something indicating that he would do something to curb the rising yield, he could shake the market. In this case, yield would drop sharply, DXY ...

Cable Update (GBPUSD)

I will close some of my long positions minutes before Powel speech!

Cable Update (GBPUSD)

[quote=Tunapar01;13465092] Your are right. DXY rising could be due to trade war with China. But when yield is dropping quickly, I think that DXY could not go too far. Look at DXY now. It starts dropping at the moment!

Cable Update (GBPUSD)

Bull seems starting to run! Today GB could reach 1.3900!

Cable Update (GBPUSD)

DXY strength won't last! I will go down sooner or later!

Cable Update (GBPUSD)

If GU dropping more, I will buy more. Remember GBP is positive and yield is dropping ! GU will be back to 1.3800s very soon!

Cable Update (GBPUSD)

Yields has dropped a lot. So I don't believe that DXY would rise a lot! So GU dropping from here should be limited! I bought at 1.3762,

Cable Update (GBPUSD)