Decent NFP headlines followed by this...... Yields took a beatin... scramble to the Euro and Yen

Cable Update (GBPUSD)

UK banks are highly regulated - and seem to be far stronger than those in the EU and the US So the UK is actually becoming a safe haven

Cable Update (GBPUSD)

Got some pips off that move yesterday- and a decent move on GJ today. ATM - yields are crap- although looking at the market through risk Cable is still a sell. Market pulled back to VWAP - think that will have to do

Fundamental Trading Journal

Think the dollar is still over-valued. Yen finally gave way. Pound quite bullish against Aussie and the Euro.

Fundamental Trading Journal

Bounced off VWAP. Risk is pretty bad. Yen and CHF index elevated. If this breaks Cable should rally

Fundamental Trading Journal

Deal in place. Have a small long on Cable atm Lets see risk is not great atm - though. There is a double bottom at the low of the day If Cable does not come off it goes up.

Fundamental Trading Journal

Chris Weston on Twitter: "*MCCARTHY: COULD GET A DEBT AGREEMENT IN PRINCIPLE THIS WEEKEND Just carry on buying short dated calls in #NVIDIA" / Twitter Seems we could get a deal in by the weekend. b shape after a long move as well. Need to see what ...

Fundamental Trading Journal

That's a good point - wins should be studied too Although wins should reflect your trading plan- although the trading plan will have a number of set ups Losses help refine it. Obviously, there will be instances where losses happen for something ...

Would you either have a win or a loss?

I think the debt ceiling is causing a push to cash. They are selling equities, bonds and foreign currencies

Cable Update (GBPUSD)

Concerns about this debt ceiling, poor UK figures (PMI and inflation) weighing on minds. Today, equities off, dollar up, yields up & gold off....this is bad

Cable Update (GBPUSD)

That short on oil was short lived. Fancy a small long on Cable Dollar looks expensive and we are at the day's low

Fundamental Trading Journal

Surely Cable will break the swing low- Took a short on oil

Fundamental Trading Journal

Not happening - high inflation and high interest rates - plus poor growth prospects never a good sign.

Fundamental Trading Journal

Aussie stuffed, vix up- not good, we have had a small double bottom and a buy off VAL on Cable This is bullish Credit spreads still + Just thinking if equities get bullish - will they drag Cable along with it Mad world of trading Poor PMI and high ...

Fundamental Trading Journal

update: 30 pips up atm - price currently 1.2400 (ish) Re-test into yesterdays VWAP Equities are starting to look cheap - but will have to see how things go with US cash open Poor PMIs, high UK inflation and FOMC minutes - will they ignore the UK ...

Fundamental Trading Journal

Stops at b/e + 1 Up 9 pips!

Fundamental Trading Journal

Possible pullback to 1.2400 possible. Yen is not going to move - this is all about the dollar and the FOMC. Took a small position - selling drying up And mm looking for shorts Lets see

Fundamental Trading Journal

If NY continues to sell- will wait for FOMC minutes. there was was talk of pausing/leaving the door open ..... At least there is some value on yields ...obviously the only reason for that is inflation rather than growth Yen index still really high, ...

Fundamental Trading Journal

Looking at value - things are really bad out there Could we get a pullback into NY open - maybe.

Fundamental Trading Journal

Current view of Cable

Fundamental Trading Journal