Here's where the rubber meets the road. Euros can be used to settle contracts. GBP can't. Moreover, the SNB will support the Euro against the Pound. The witch hard at work

Cable Update (GBPUSD)

Welcome to the triple witch, she's a bitch It looks completely illogical doesn't it? But it is in fact exactly what market wants ahead of expiry. Can't have anyone reaping the benefits of call or put options on ...

Cable Update (GBPUSD)

I will be watching the US indices tonight after NY open and again tomorrow. I'm a bit more interested in the geopolitical risks at present which may have a compounding affect with the triple witch on USD strength, indices short, and long oil. All ...

Cable Update (GBPUSD)

Yeah, it's one of those regular but easily forgettable events. I put it in my personal calendar for each quarter, just so I get a reminder the day before. Have noticed that often IF it does affect the PA, this occurs the day before, not necessarily ...

Cable Update (GBPUSD)

Triple Witching on Friday June 21. May see some selling off in equities and buying of USD today (Thursday) and also into Friday. Take care. url

Cable Update (GBPUSD)

Indices contract rollovers Friday close. Lots of distance to go closing those US chart gaps. We shall see what the US traders do with it all soon enough.

Cable Update (GBPUSD)

For Europe traders, EU is not stuffed, despite Macron (already priced in?). Some cheering up herewith video

Cable Update (GBPUSD)

We're back in the"ugly sisters" territory again. Competitors - USD, EUR, GBP. Which one is more attractive and which one is least attractive? Looks like cable gets the potty prize today. Someone thinks EU is winning the contest today, especially ...

Cable Update (GBPUSD)

Maybe you missed this bit ?? Jordan said a weaker franc is currently the most likely source of higher Swiss inflation, and suggested that interventions could be used to counter it.

Cable Update (GBPUSD)

It's one of the things I look at yes. The SNB will NOT be happy about the Swissy appreciating against the Euro. Serious implications for their export trade, upon which the SNB is heavily dependent. If trading EU, I also watch USDCHF and EURGBP, as ...

Cable Update (GBPUSD)

It may make a stand here. DXY has some resistance now. But EU traders are prone to being afraid of their own shadows at times. Watch EURCHF too.

Cable Update (GBPUSD)

Far too many newbies and those with more years under their belts become thoroughly addicted to having a trade on. It's like a drug to them. Must have it. BUT if a trader wants to become consistently successful, you MUST have patience, discipline, ...

Cable Update (GBPUSD)

Won't be too surprised if BOJ stick their heads in the door sometime today. Or the SNB (sending EU north). Or maybe market will do the job for them. DXY is in the midst of a bi-polar episode.

Cable Update (GBPUSD)

And oooh look what happened to cable when it ran into the 200 ema (red). Do think it's going to break out of this channel at some point and go on a north bender.

Cable Update (GBPUSD)

Absolutely. They have given these pseudo baby girl pageant toys to so many unworthy people now (some of them since criminally convicted), they've ceased to have any real meaning. Should do away with them altogether, or keep them only for people who ...

Cable Update (GBPUSD)

And let's not forget who signed Vic up to the Chinese Belt and Road Initiative, selling out our national interests . What a turd. Worst premier ever. Later undone by the Lib fed govt.

Cable Update (GBPUSD)

And that answers the question re whether or not the wicks on EURGBP daily chart will play out for south, giving GU a boost up

Cable Update (GBPUSD)

This was more than a bit interesting, the 10 year yield spike after NFP. Your thoughts?

Coreg's EW+HP+D/W Range