no retracement just straight line uptrend as previously anticipated...if one gets the right entry this is one pair you can sleep on...1.1 is my tp for the time being...but I will keep some open trade as I am sure tp will be surpassed

USD/CAD

it makes sense. I left earlier at 16920 but I will stay out for a while. FOMC meeting may bring confusion & disappointment as with the huge gdp projections focus now is on anything related to interest rates or tightening. Yellen dovishness is yet to ...

Cable Update (GBPUSD)

one thing is true revisions cannot be predicted and so data in general. there's little doubt that will we see more losses to come. Uptrend was violated...some retracement is possible but winning strategy will be selling the rallies from now on. ...

Cable Update (GBPUSD)

if US economy grows between 3.5-8% that should be much better than projected 3.2% for UK. IMF should revise its 2% forecasts which were correct if previous gdp number was -2.9 but it has been revised to -2.1% (+0.8%) that's huge. I wonder how many ...

Cable Update (GBPUSD)

it appears that previous data has been revised to -2.1 from -2.9%...so the devil was in details. major game changer...we are possibly going south in my view but I will wait for confirmation...as some slippage must be always taken into account. I am ...

Cable Update (GBPUSD)

ok data was uber bullish....4-2.9=1.1% growth in the first 6 months....for an average of 0.55% per quarter and a projected annual rate of 2.2%. is it good or bad?...considering that tapering is ending in October most likely, I would say it is ok if ...

Cable Update (GBPUSD)

quite tricky as the price of raw material nearly doubled consensus estimate...inflation=growth...if there is any retracement it is now

USD/CAD

these days cable was relatively predictable...if this is to continue it will touch 16920 before any uptrend...if US decided to ride the bull ...it would be a major downtrend...however, UK is an economy that does not export anything, having sold to ...

Cable Update (GBPUSD)

that's right. Let's not forget that Yellen is a dove after all. Like most of the women, she would like to see all little micro-details in line before any decision on interest rates....which means endless wait.

Cable Update (GBPUSD)

a reading in line with expectations or slightly less I think poses some risk...if by October tapering comes to an end, not sure if US economy would make it by itself going forward. We are seeing now only the results of an extremely loose monetary ...

Cable Update (GBPUSD)

however, we are in bearish mode now. careful.

Cable Update (GBPUSD)

a reading below expectations averages out with previous negative outcome and won't be good in terms of future projections. This should trigger EUR and GBP rallies...above expectations can still prop up all USD crosses as investors would probably opt ...

Cable Update (GBPUSD)

shorting USDCAD in uptrend is not very wise unless you are a consummate scalper. However, congestion area from 10870 should be first resistance

USD/CAD

if GDP number disappoints, I would not advise following technicals...as it would be clear that you are trading gold for toilet paper. I am just curious to see how the market will weigh that possibility today

Cable Update (GBPUSD)

I actually don't believe there will be much chance for a pullback until 1.1. As stated before, a straight line trend is quite normal with this pair. Next week will be shorter in Canada as Monday is bank holiday...but there will be the employment ...

USD/CAD

no I don't have a stochastic analysis as detailed as yours. I appreciate your efforts to explain the markets and your contributions to this thread. I don't know where GBPUSD is headed to but I take anything above 16918 as within the LT uptrend ...

Cable Update (GBPUSD)

Just keep posting. thanks.

Cable Update (GBPUSD)

that would be way too strange...however, there's always a chance of being hit by an asteroid or invaded by aliens

Cable Update (GBPUSD)