How about this - as the price of the USD goes down OPEC+ wind up with less money so the price of oil increases as the dollar falls; when oil increases so does gasoline prices and this increases inflation! Here in US (florida) gas prices are up 0.50 ...

Cable Update (GBPUSD)

Pat, sorry for this question but I don't know the answer so... What is N3? I understand all the other letters on the chart but N3?

Cable Update (GBPUSD)

Time to jump on the UJ wagon Long here with 4:1 RR trade image

USD/JPY Discussion

Excuse me, Pat I LOVE your answer and it's funny but a LONG time ago my mentor (RIP) told me something very similar and I poo-poo him at first preferring to "hang my hat" on the technicals. What's funny is that the psychology talk really transitions ...

Cable Update (GBPUSD)

Great fundamental understanding Snail. Just remember to keep an eye out on OIL. OIL is the key - WHY? Higher oil = higher inflation = more FED rate hikes. China re-opening = more manufacturing = more oil consumption = higher prices. From MY PERSONAL ...

Cable Update (GBPUSD)

It's to be expected 1. DXY has fallen from 113 to 101 in only 3 months without any "real" pullback. 2. The "market" kept saying the FED was going to pivot and there was massive shorting of USD 3. ZeroHedge wrote an article 1 or 2 months ago about ...

USD/JPY Discussion

image That was today..... Tomorrow brings.... image

EURUSD only

Hey Pat is that Mr T's lost son? image

Cable Update (GBPUSD)

Pat I'm going to ask a silly question but if I don't ask I won't know will I? Based on your 4 hour chart: 1. Do you place a sell order around 123.40 or do you set an alarm to tell you when that hits? 2. When you expect a downturn (TP = 122.06) do ...

Cable Update (GBPUSD)

image Never too many sharks! image

EURUSD only

Curious - When you short those 10 lots how much are you making in interest a day?

EURUSD only

1.0800? Possibly 0.0800? NO! Unless you believe in the multi-verse... image

EURUSD only

I HOPE there's a Q&A where Powell can be Blunt and say, "We are not going to cut rates in 2023. PERIOD" But he won't say that...

EURUSD only

I Gambled WRONG!!!! Stopped out for 30 pip loss Placed a Sell order at 1.0728 - just in case...

EURUSD only

With 15 minutes BEFORE Powell speaks I'm GAMBLING on DXY getting some respect: Short here 1.0719 with a TP at the 1.0680 level. This is based 100% on Fundamental because I don't fight the FED. I believe that Powell will be doing his BEST to talk up ...

EURUSD only

Doesn't matter what "people" were expecting; all that matters to FED is this: 1. More people are returning to work as stimulus runs out - this keep inflation going; DXY positive 2. Unemployment is going in the wrong direction - Fed NEEDS 4.9% and ...

Cable Update (GBPUSD)

Actually you may be VERY correct. Does ANYONE remember the "fake" job creation numbers article posted about a week ago? Now it may not happen today but I believe that in the coming months the US government will be forced to "adjust" the past jobs ...

EURUSD only

...until the 9:45 am EST report comes out...

EURUSD only

image Hey remember when all the talk was about us and parrotity? image I get stressed out thinking about that now!

EURUSD only

@tiborf71 - I am a day/swing trader myself (rarely hold a position longer than 48 hours) but what I have found is that my "long-term" outlook can affect my DAILY trading. If I believe that the DXY is going to continue to increase then I'm more ...

Cable Update (GBPUSD)