Alright guys, here is the plan again. Seems it was rejected from .5338 for now That needs to break in order to open path for .5230 test

Cable Update (GBPUSD)

carney is aiming for 2% inflation or something which he claims will take around say 2 years to achieve. again I am puzzled too since he is being hawkish in the face of falling inflation (lead indicators show that), wage growth has still a long way ...

Cable Update (GBPUSD)

thats why it is very misleading to look only at "high impact" when BOE is actually looking at core cpi (wrongly categorized as low impact). a few analysts pointed this out already yesterday. and not good to only look at headline figures. i been ...

Cable Update (GBPUSD)

look at calendar here url as you notice, all red except for Core CPI which is 0.1 better than expected I bet this is why there are dip buyers for cable now... remember my post earlier BOE is looking at that? EDIT: Tbh, 1.4% core cpi y/y was ...

Cable Update (GBPUSD)

Man, non event... down then up and now ranging again... mostly within expectations except for the PPI RPI etc in red.

Cable Update (GBPUSD)

So are you saying this one broker which quotes rates as low as 0.05 USDCHF (based on what some members here mentioned) is correct to do so? Although no other broker worldwide was reported to have done this? Pretty obvious you are the one who dont ...

IC Markets margin call

Wow how do u get 5 second TF? The lowest TF I have on MT4 is only M1 unfortunately

Cable Update (GBPUSD)

1. From what I noticed, people under their biggest IBs got priority in having balances adjusted favorably (Nick's thread in forexsignals.com) so maybe thats why the thread there was finally deleted so that icmarkets can continue having their "good" ...

IC Markets - public statements vs individual traders

Nice one. I am still trying to master the timing element like back then I really wanted to long UJ but kept waiting for a pullback and missed out most of the ride to 121.85 So in other words, it depends on the momentum and severity of the ...

Cable Update (GBPUSD)

omg if that happens it gonna be funny! imagine people in Indo India Vietnam etc being paid in USD... what gives? lol... and yea I am surprised at this unprecedented money easing program going on worldwide. the money has got to come from SOMEWHERE... ...

Cable Update (GBPUSD)

yea, 2% in 2 years is reasonable projections. but that also means that rate hikes should come when the 2% target is nearly hit which should be close to the 2 years, agreed? not too sure again, why he claims they can do it within 1 year... v ...

Cable Update (GBPUSD)

Now the interesting thing is Carney mentioned 2 scenarios. 1. rate hike faster than expected despite negative inflation 2. possibility for negative rates and QE 1 of the 2 is definitely the "genuine" cry but which one will it be? Man, this idiot ...

Cable Update (GBPUSD)

ummm its a literary expression. cry wolf = give false alarms or signal based on the fairy tale. last year he did it for GBP telling everyone he will rate hike soon and never did = cry wolf aka giving false signal. in the story the boy (a shepherd) ...

Cable Update (GBPUSD)

omg... wtf? isnt that illegal or something? wow, EU was not even 1.40 last year. amazing tricks these brokers play

EURUSD

Carney is the boy who cried wolf

Cable Update (GBPUSD)

I am actually bearish at least until election is over... thanks for sharing analysis

Cable Update (GBPUSD)

Seems u are right on GU... Nice call there! As for NU, yup. Hard to tell what will happen tho some people saying Feb and March should be better months for dairy (cyclical demand). I am still pretty new to the pair though, so I cant ...

NZD/USD

Tbh I think what they meant is they are looking at Core CPI which is still stable @ 1.3% They figure that CPI is noise which is affected by falling oil prices, but Core CPI isnt. I do agree with you that there should be a fall first before a ...

Cable Update (GBPUSD)

Thanks for sharing. So either near .56 or .52? Stakes high... man Good idea. I have eye on .5338 level too seems there is a string of buyers there or something. First line of defence for bulls... for me .5338 / .5300 / .5230 then .52 / .5150 ...

Cable Update (GBPUSD)

Interesting I do have the same view here... CPI has to improve to ensure continued rise in wages which are still way off the pre crisis levels. If he expects negative inflation, it is therefore absurd to expect higher wages since these 2 ...

Cable Update (GBPUSD)