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Temujin replied Nov 28, 2020Idk, why 15 min for 2 YEARS? 1.31 is next. EUR/GBP finally had a swing in price higher. A big warning to GBP/USD longs.
Cable Update (GBPUSD)
- Temujin replied Nov 23, 2020
Looks like we hit a support today.
EUR/GBP - What a great pair to trade!
- Temujin replied Nov 19, 2020
Whatever is the overpowering theme in the media will drive the price. At times the production cuts are big in the news so there is an uptrend from there. The market as a whole right now is bearish on oil demand, coupled with all the other data ...
USD/CAD
- Temujin replied Nov 17, 2020
Makes sense but cutting production in this environment is a bearish signal because inventories have shown a build and not a draw down at least 2 weeks in a row. Bad retail sales and Record COVID cases are kind of putting a damper on risk sentiment ...
USD/CAD
- Temujin replied Nov 17, 2020
A very astute analysis and thank you for that. I also think the weak dollar theme is now played out. USD/CAD up.
USD/CAD
- Temujin commented Nov 15, 2020
Parallel lines of spiking COVID cases and rising stock indexes, no divergence yet. Markets always being forward-looking, how many good-outcome quarters are being bought in advance? The threat here is that the current reality of massive infection ...
A Closer Look at the Price Action
- Temujin commented Nov 15, 2020
Biden win, Vaccine and the stimulus package VS. record daily infections, a surge in hospitalizations, a return to localized lockdowns and familiar restrictions on indoor dining and gatherings. We will soon see what the market believes regarding how ...
Prospect of a Vaccine Signals a New Game is Afoot
- Temujin replied Oct 19, 2020
Pelosi and Mnuchin speaking at 3pm EST. Looks like a done deal. GBP up in my opinion.
Cable Update (GBPUSD)
- Temujin replied Oct 19, 2020
On top of it all there is the media constantly putting out stories of a no deal Brexit too. If you're trading GBP has to be monitored constantly.
Cable Update (GBPUSD)
- Temujin replied Oct 19, 2020
I'm out with some pips. Too scary for risk assets with that stimulus deadline looming. Either stocks and the Pound are going to skyrocket or USD/CAD is going to and GBP tanks on a no deal scenario. Stocks just went into the red. Better to play it ...
Cable Update (GBPUSD)
- Temujin replied Oct 19, 2020
Yeah, I bought last night at the open. I have a feeling the stimulus deal is gonna get done and USD/CAD is gonna tank. GBP is gonna surge.
Cable Update (GBPUSD)
- Temujin replied Oct 18, 2020
I think all of those fundamentals are already factored into today's rates as markets are always forward-looking. No, 1.25 is not coming Lol!!
Cable Update (GBPUSD)
- Temujin replied Oct 18, 2020
I think you misunderstood, what I meant is the value of 1.2875 is a support line for the 14 month average. The same area for moving averages of a lesser time frame. Not events of the last 14 months.
Cable Update (GBPUSD)
- Temujin replied Oct 18, 2020
200 Day MA near 1.2785. Coincides with the 100 week MA and the 14 Month moving average. Looks well supported. In the background we have the U.S. stimulus closer to passing, an equity positive catalyst, dollar negative and a risk-on sentiment ...
Cable Update (GBPUSD)