Poor UK data- if US data is decent and we bust 1.345600 before Friday selling could accelerate Currently we are at monthly VWAP. Thinking US traders could use that as a level for some dollar buying this afternoon

Cable Update (GBPUSD)

Cable is overpriced - maybe its the wrong time. But some structure there

Cable Update (GBPUSD)

Surely, US equities will get a bid today. Bit of a gap fill though on SPX

Cable Update (GBPUSD)

Cable -been short- After these trade deals - what's left. There is a lot of scope for short Cable looking at sovereign spreads But thinking FOMC minutes if they will short cover here. There was also some buying from this area. Kinda makes sense. ...

Fundamental Trading Journal

Current view of Cable

Cable Update (GBPUSD)

Some news due at 3pm - if its crap gold looks cheap. Yields are flat atm and the dollar looks expensive.

Cable Update (GBPUSD)

Sold off VWAP, touching 2nd std deviation- some volume appearing

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

Next weeks NFP data looks a bit flat. There was some buying off VWAP on the euro today

EURUSD only

Sweet

Cable Update (GBPUSD)

Surprised that the ECB are so dovish. When/if the Fed cut next week I will be looking to short the Euro next week.

Cable Update (GBPUSD)

Sweet.

Cable Update (GBPUSD)

Thinking about this week - fancy a long on USDCHF. SNB looking to cut 50pb (Thursday), US CPI estimates data decent (Wednesday), plus fairly strong NFP data, plus Trump not going to sack Powell Some vol into yearly VWAP in the futures market 6S ...

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

There was some decent vol on the re-test into VWAP at 2pm (uk time)

Cable Update (GBPUSD)

Personally, I would not be long here. NFP estimates high and Trump chatter - on tariffs, not good for risk based currencies.

Cable Update (GBPUSD)

I think its the uncertainty of whether we will get a 25 bp cut or a 50 bp cut by the Fed today. Plus strong UK inflation data likely to mean the BOE are not going to cut

Cable Update (GBPUSD)

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Fundamental Trading Journal

So Cable creeped up...but value is not great. However, the FTSE was pretty flat and though UK gilts seem ok Rachel Reeves seems a very safe pair of hands. Looking at tomorrow - US data looks poor and European data is decent. At least there are some ...

Fundamental Trading Journal

Nice sell on Cable -"so any pullback into last week's POC has got to be a shorting opportunity on Cable" perhaps my thinking on a pullback to last week's POC was too optimistic. Something to note. They pulled it back to Thursday's POC and then let ...

Fundamental Trading Journal