Good couple of days 160 pips in two days- just on position trading alone and not one loss this week Have a good weekend guys

Cable Update (GBPUSD)

Have been looking at the news regarding Yellen's speech. Some are saying that she may not mention interest rates as its not the right venue url and that we might have to wait till Yellen's speech on June 6th But it cannot be fully discounted There ...

Cable Update (GBPUSD)

Powell states: "If incoming data continue to support those expectations, I would see it as appropriate to continue to gradually raise the federal funds rate. Depending on the incoming data and the evolving risks, another rate increase may be ...

Cable Update (GBPUSD)

Cheers guys - hopefully there will be some negative news on the pound on Friday and we can get even more green pips

Cable Update (GBPUSD)

Hi all A lot of this has got to do with market sentiment so it takes judgement in my humble opinion There were some articles around 18th/19th May where it talked about rates being cut irrespective of what happens with Brexit Bearing in mind that ...

Cable Update (GBPUSD)

Core Durable Goods Orders tomorrow and Bullard and Powell speak (neutralish). It will be interesting to hear their stance on things There are a number of scenarios that could play out over the next couple of days 1) I am hoping that the Core Durable ...

Cable Update (GBPUSD)

This is a game changer, "Carney said in a scenario where Britons voted to remain in the EU, the next move in the key BOE interest rate would probably be up, while a Leave outcome wouldn’t automatically bring about an easing. That’s because the ...

Cable Update (GBPUSD)

A couple of things to note - Monday is usually a quiet day Also there is no major figures coming out for these pairs However, I thought I would provide a summary of where the GU is; Fundamentals: Bearish US- more likely to raise rates UK- more ...

Cable Update (GBPUSD)

I agree- however it does depend on the news. For instance Boris Johnson caused cable to slide for about two weeks- when he said that he was supporting Brexit. I think Cable had the largest one day fall in about 4 years- when that came out. But if ...

Cable Update (GBPUSD)

The funny thing about news is that it is used by the powers that be to move the market But it's great to see that people are looking at news events and what impact it will have on currencies And how they view current sentiment Obviously in addition ...

Cable Update (GBPUSD)

Market has been up 4 days in a row. More talk of the Fed raising rates and talk now of the BOE cutting rates irrespective of what happens with Brexit. Some weakness in yesterday's candle. No announcements tomorrow. Thinking of shorting around ...

Cable Update (GBPUSD)

UK retail figures out tomorrow - tricky this one. Retail Sales are expected to bounce back. Googling sales figures for April in the UK does not make good reading. Retail sales are supposed to be the worst since 2008. However looking at previous high ...

Cable Update (GBPUSD)

Tomorrow should be interesting. US retail sales figures out, estimate seems a bit high. Talk of interest rates hikes in US being deferred to at least September and better Brexit polls make me think about going long on the GU. Also talk of any ...

Cable Update (GBPUSD)

I think that we are going to have a dovish statement from the Fed. There has been poor/mixed data and results coming from the US over the last two weeks. This needs to improve a lot before a rate rise is on the cards

EURUSD

Hi all The one method of trading that works for me is trading the news and trading fundamentals. News moves the market like nothing else. News can take hours for it to filter through. So there is plenty of time to trade it. So if there was negative ...

The Big secret to trading success

Have just recovered from a really bad bout of influenza. Lasted a good week. I need to move to a warmer climate Looking at my last post - got the initial drop - but should have recognized that it was a news piece and would revert to fundamentals By ...

Fundamental and News Trading

Hi you are welcome Glad things are going well For me the reason that I got into fundamentals is because technical analysis was just not reliable enough Also I wanted to know why a market moved and where it was headed Previous prices on a chart did ...

Fundamental and News Trading