UK atm - poor PMI and sticky inflation

Fundamental Trading Journal

That long on Cable into the CPI data was a beat. Sovereign spreads pointed the way,

Fundamental Trading Journal

Macro view on GU: UK: Poor GDP data, BoE talking about upside risks, although PMIs seem decent US: Poor Cons Sentiment, Fed members seemed hawkish, still have inflation (core matched), NFP improved and obviously concerns about the the debt ceiling ...

Cable Update (GBPUSD)

I can't see it. And have logged in. Sonia is not really that great anyway. Same with FOMC countdown - I don't rate it. Maybe if they are way out on a hike, you can take advantage.

Cable Update (GBPUSD)

Out of equity longs - Smashed EURGBP longs

Cable Update (GBPUSD)

The other thing is that Frankfurt bought Cable off the POC- so that could be an indication on what London might do. Need to see a change in sentiment. Not seeing that - think that equities starting to look at bit cheap though

Cable Update (GBPUSD)

Mixed signals for me - Lane due to speak, likely to talk up interest rate hikes. Bloomberg talking about UK traders betting on no interest rate raises by the BOE Makes me think that EURGBP looks cheap. Lets see when London opens - for further ...

Cable Update (GBPUSD)

Think the first time - they could have sold bonds (yields rallied), don't think they did on Friday (yields fell)

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

I did see Jeremy Hunt looking at way to reduce the deficit - big tick in the box.

Cable Update (GBPUSD)

Unless the US gets a dam grip on yields - we are stuffed.

Cable Update (GBPUSD)

Some important things affecting Pound in the UK over the coming weeks New PM shortly PMIs next week for UK and Europe Oct, 31- BoE could be resuming QT and UK fiscal statement (OBR) Nov. 3 quarterly monetary policy and cash rate meeting Nov, 10- ...

Cable Update (GBPUSD)

Next week - all eyes are going to be on US inflation data on Thursday. There was talk of the Fed pivoting from its current trajectory- but recent Fed speakers have quashed that. In last month's print - there was an expectation that CPI should soften ...

Fundamental Trading Journal

Current position US So - NFP data beat expected - but was worse than last month's data. ISM manufacturing is poor, JPLTS disappointed. All the Fed members are still hawkish. ISM services ++ UK 2s10s no longer inverted on the pound. Keep an eye out ...

Fundamental Trading Journal

To be honest - I'm not that good on market/volume profile. So much to know in market profile.

Auction Market Theory and Market Profile

Think everything depends on NFP Europe unable to break yesterday's low was a bullish from today's open Lower NFP estimates has helped Cable. 5 year yield behaving this am as does Gas. 2s10s no longer inverted - in UK Although price seems to be ...

Auction Market Theory and Market Profile

Areas of interest

Auction Market Theory and Market Profile

Is there anyway to get delta on the vertical access - rather than horizontal- That way you could see at what levels the aggressive buyers are coming in Also what would be useful - would be if we could see the book similar like bookmap

Auction Market Theory and Market Profile

The fact that Cable and the Euro - are at the bottom of this massive move - and Powell is going to speak at Jackson Hole, makes me think long all day. Plus this PCE coming up - there will be volatility on this- so worth trading. I was reading an ...

Fundamental Trading Journal