The only certain thing is that if oil prices don't come down, CPI will continue to rise. The 20% hike in oil prices since last CPI are yet to be fed into the equation and that's a huge factor for inflation. The Fed will be nervous.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

The flip-side for the Yen is the risk on / risk off environment. Market does typically buy Yen in a risk off environment. And then there is the issue of buying Yen to purchase USD via other major pairs, given liquidity squeeze now upon us. Where ...

Cable Update (GBPUSD)

True. It's an interesting conundrum - the direct result of bailing out Wall St, the banks, money printing and QE, imo. Now they need continual growth to feed the debt bubble. The true cost of interfering in the natural cycle of what should otherwise ...

Cable Update (GBPUSD)

Check out the UJ 1 Min chart, right on the dot of 7.00 US ET. Clinically sharp execution if ever there was. Suspect BOJ know they are going to have to let the gas out of UJ today ahead of the NFP volatility tomorrow. Today is gonna be a dog fight I ...

Cable Update (GBPUSD)

Europe is holding price here waiting for the US traders to hit the floor at 7am (in 5 more mins) on the hope they will push GU (and EU) higher. We shall see.

Cable Update (GBPUSD)

Cable 4H chart, some interesting potential resistance coming up here and red 200ema and purple 200sma have crossed over. Stoch has hit the ceiling. I'll be looking for wicks to form around this price level for short (if confirmed).

Cable Update (GBPUSD)

Not enough compression of ma's, much less impressive when they are so spread apart. 21sma (light blue) and 50 sma (dark blue) are not nearly as significant as the 200 ema (red) and the 200sma (purple). But gotta say that was a nice advance notice ...

Cable Update (GBPUSD)

Good luck with that. Nice pile of wicks on the weekly chart. Going south. Why do I feel like we have a fortune teller in our midst? Astrologer? EW theorist using full moons or crescent moons? Dunno. But hey buddy, whatever it is, if it works for ...

Cable Update (GBPUSD)

For Des (and anyone else interested in a potential position trade)

Cable Update (GBPUSD)

I do love my fibs will admit. Great technical S&R levels. Here's my BTC chart with the long game fibs plotted. You can see how beautifully price gravitates to those fibs. It's a relaxing thing to position trade, set and forget, check in now and ...

Cable Update (GBPUSD)

Here's my fibs on the BNBUSD chart. I haven't looked at this pair before but gotta say that's some seriously nasty PA and a triple top, violent. You can see it hit the 88.2 fib and choked. The 76.4 fib is my own fib too, also not a standard fibo. ...

Cable Update (GBPUSD)

I never try to estimate when to TP (but admire other traders who can do this). But I do track and plot S&R levels and monitor those when the PA approaches. Just rely on candles, fibs, fundies and market sentiment. I am a 90% position trader, so ...

Cable Update (GBPUSD)

We all do our best given what we have at the time. Never beat yourself up if you miss an opportunity. Just use it as a learning experience (one of a great many we all have when learning to trade). That retracement today to the 88.2 fib (my personal ...

Cable Update (GBPUSD)

UJ is currently in the BOJ's "death zone" like Everest, above 8,000 metres. I would not want to be taking them on long. They say don't fight the Fed, but also don't fight BOJ when they get their game on. I'm short. GU - be careful if you are long ...

Cable Update (GBPUSD)

This is the official govt website. It's an opt-in or stay out choice. url "If you can’t use Digital ID, or don’t want to, you can usually keep accessing government services on the phone or in person at government shop fronts across the country. ...

Cable Update (GBPUSD)