It's only part of the equation if you apply it to both sides of the "equals" sign

Cable Update (GBPUSD)

Latest update. So far, all is proceeding as anticipated. image

GBPUSD & AUDUSD Daily Analysis

Good morning /afternoon folks. It seems we are now consolidating a bit after such a run south on the Euro. Now the question remains whether 1.3665 is going to hold and push us back up to retest broken trend line in the 1.3720 area, or if we keep ...

EurAnalysis

Nice summation. Well done and thank you.

EurAnalysis

Before: image After: image

EurAnalysis

Yes agreed. Anyway, today we saw how the markets clean the deck. The retail crowd got whipped both ways. It was easy to see once price had reverted back to 3750 after the spikes in both directions. At that point it was a coin toss, so I stayed ...

EurAnalysis

Excellent and congrats Regarding a sell tomorrow, I would be looking for a pullback to 1.3730/40 first... A break and hold below 3665 could also be promising for 100 to 150 pips further down, but gotta wait and see what happens overnight ...

EurAnalysis

It's always a good day when the market moves It's those stupid choppy days I hate.

Cable Update (GBPUSD)

I wouldn't rule the bulls out yet. Let's break and hold below 3600 first and then I think the bears will have a pretty good shot. For now it's in no mans land.

EurAnalysis

New York equity trading is now over. I didn't want to take any risks on the Euro today, but I did jump in on a nice SP500 rally Too bad I didn't jump in at the bottom, but positive pippage is always good. image

EurAnalysis

Now let's see if we get a V shaped reversal similar to the ones we've been seeing for a while. There is still 3500/3550 area if this area fails.

EurAnalysis

Yep. It seems to have been very irrational. It's not just you. However, in hindsight price has actually behaved quite well (barring today's spikes) according to EW theory. From the top, we have just completed (or will soon) an ABC correction ...

EurAnalysis

Make it a jumbo image

Cable Update (GBPUSD)

There doesn't have to be a taper. All they have to do is announce it. That will be enough. The "scary" shit comes in what else they say. For example they may say that the rates will remain near zero until unemployment is at 6% instead of 6.5% Or ...

Cable Update (GBPUSD)

T minus 1h 40m for the rate statement T minus 2h 10m for the press conference Link to the press conference stream... url

EurAnalysis

Well, taper or not, if I thought that the BOE was likely to raise rates before the Fed, I'd be buying cable also.

Cable Update (GBPUSD)

and don't forget that RBNZ's Wheeler was saying that a stronger Kiwi would have negative effects on the economy, and yet the Kiwi kept flying upwards immediately after his comments. and don't forget that the French finance minister Moscovici has ...

Cable Update (GBPUSD)

If this is manipulation, then it is manipulation of the econ data. Unemployment dropped to 7.4% from 7.6% prior, and avg earnings up 0.9% from 0.7% prior which was also revised up to 0.8% If those kinds of numbers don't produce a rally, nothing will. ...

Cable Update (GBPUSD)

T minus 3h 45m

EurAnalysis