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fxsport replied Oct 20, 2022image They just caught Kuroda monitoring the FX markets!
Cable Update (GBPUSD)
- fxsport replied Oct 20, 2022
It's in a "holding pattern" until we get the FED speak this afternoon. People you can take this to the bank: The FED will keep raising rates until... 1. US Unemployement hits 8% 2. Oil is under $80/barrel. Until then: DON'T FIGHT THE ...
Cable Update (GBPUSD)
- fxsport commented Oct 20, 2022
Nice summary but I'll distill it into the Cliff Notes version: 1. FED needs to kill the job market to get wages back to pre-Covid levels (WHY? Who takes a paycut at their job? NO ONE. Therefore the FED will raise rates UNTIL unemployement hits 8% or ...
October 2022 Manufacturing Business Outlook Survey
- fxsport replied Oct 20, 2022
Touche. You're right but I "thought" it would be nice to understand the macroeconomic viewpoint - I like to confuse myself.
Cable Update (GBPUSD)
- fxsport replied Oct 20, 2022
QUESTION: Can someone please explain (or attempt) to me what this entire Gilt situation is? Isn't something supposed to happen tomorrow dealing with the BOE not buying anymore?
Cable Update (GBPUSD)
- fxsport commented Oct 20, 2022
This "should" have been bearish for the US dollar and DXY "should have" fallen; it hasn't This leads me to believe 1 of 2 things: 1. The UK PM news about Liz is trumping the technicals 2. People are expecting very HAWKISH FED SPEAK later today. ...
October 2022 Manufacturing Business Outlook Survey
- fxsport replied Oct 20, 2022
Hey can we in the USA trade you - you can have Biden and we'll take the rest....OK?
Cable Update (GBPUSD)
- fxsport commented Oct 20, 2022
Lying to parliament??? Isn't that a prerequisit for the job?
Liz Truss resigns as prime minister becoming shortest serving UK PM
- fxsport replied Oct 20, 2022
Dear Pat, I asked earlier about the 1.13 level because with all the confusion about PM and firings, etc., I was/am confused. Thanks for allowing me to muddle thru and answer my own question! You are truly from the future! image
Cable Update (GBPUSD)
- fxsport replied Oct 20, 2022
Using cloning tech can they bring back Maggie??? image
Cable Update (GBPUSD)
- fxsport replied Oct 20, 2022
Pat Do you think GU will be able to touch 1.13 today?
Cable Update (GBPUSD)
- fxsport commented Oct 19, 2022
Ok BOJ were approaching the magical 150.00 mark. PUt up or shut up!
Japan's PM Kishida: We cannot tolerate sudden, excessive forex moves
- fxsport replied Oct 19, 2022
Dear Ata, I respectfully disagree with the above: I have learned a lot from yourself and others in this forum. You have a LOT of good information and are a good teacher - even if you don't want to be
That's why THIS is the best EUR ...EURUSD only
- fxsport replied Oct 19, 2022
image Was hoping for more of a re-tracement but I won't get it... What precipitated the "reversal" i.e., current fall: A no-confidence letter for the PM - So I reversed and now I'm short: image What a wonderful thing - to play it both ways...
Cable Update (GBPUSD)
- fxsport commented Oct 19, 2022
Ok there goes the Pound... Next stop ground floor!
UK conservative lawmaker Wragg: has submitted a letter of no confidence in PM Truss - RTRS
- fxsport commented Oct 19, 2022
I find it mystifying that the current POTUS kills the US oil production first THEN begs other countries to do what WE COULD be doing. Personally if I were the Saudi's I would have done the same thing - especially when it was revealed that Biden ...
Why tapping oil reserves is just a 'Band-Aid'
- fxsport replied Oct 19, 2022
I LIKE it; However I'm expecting it to get back up to 1.1270-80'ish area. I just need to add this to the mix..hopefully it works on Monty's inverted earlier post.
image Come on rise to the occassion!Cable Update (GBPUSD)