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- Jade Gate replied Jun 7, 2024
Because it will be a significant and perhaps final nail in the coffin of the US Fed's rhetoric about wanting to lower rates. Ain't gonna happen. If this set of data is bad, it will underscore the hawkish view of USD. Hike, not hold or cut. ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 7, 2024
don't anyone go getting your knickers in a knot about the "c" word, HalBot is right, it's a uniquely Aussie thing, part of our vernacular. A term of ...
- Jade Gate replied Jun 7, 2024
I do so like it that traders don't mince words
Cable Update (GBPUSD)This is no place for pussies.
- Jade Gate replied Jun 7, 2024
Absolutely re slippage and spreads going bat-shit. Like shoving your arm in a meat grinder on purpose. If you can't use wide stops then just don't do it and pray the volatility calms down sooner rather than later. Those spreads will eat you alive ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 7, 2024
This one sure is going to be fireworks. So much hangs on it, way more than any NFP the last 12 months (which considering how volatile NFP used to be, it's been very calm). Expecting a lot of whipsaw and likely negative data to add to the latest ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 6, 2024
Yup, have no idea which way it's going to run or how far widespread the fallout will be. Just wait it out for now.
Cable Update (GBPUSD)
- Jade Gate replied Jun 6, 2024
This is a bit like "T'was the Night Before Christmas" 'Twas the night before Christmas, when all through the house Not a creature was stirring, not even a mouse; The stockings were hung by the chimney with care, In hopes that St. Nicholas soon would ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 5, 2024
For the ladies only ..... this is Merlin, the guy who owns FF, he's a riot
Cable Update (GBPUSD)
- Jade Gate replied Jun 5, 2024
you know where my brain went the minute I looked at that drawing, don't you?
- Jade Gate replied Jun 5, 2024
Triple swap day at close today. Expecting to see USD strength across the board and indices short. Doubt the ADP data will have much impact. It is so often way off the mark from NFP data on Friday. Gap to fill on DXY. We'll see.
Cable Update (GBPUSD)
- Jade Gate replied Jun 4, 2024
Gippy may find some support here. Ran into the 21 sma daily chart and previous resistance (aka resistance becomes support, support becomes resistance). Watching UJ and GU
Cable Update (GBPUSD)
- Jade Gate replied Jun 4, 2024
Anyone else notice how peaceful, enjoyable, PROFESSIONAL this thread has been so far today? Breath of fresh air. Just good traders with real skin in the game, posting chats, discussing strategies, sharing trades, TA, thoughts. Bliss ...
Cable Update (GBPUSD)
- Jade Gate commented Jun 4, 2024
And the SNB will be all over that like a rash.
Swiss franc climbing, eyes Swiss inflation
- Jade Gate replied Jun 4, 2024
Ironically amusing, is it not? The bond market supply and demand, in the "free market", in keeping with the home of American capitalism, will actually determine what the US Fed does next. Not the Fed. And this in the land of "freedom" where ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 4, 2024
Thanks handsome
Cable Update (GBPUSD)One step ahead, did already look at that chart in your thread when you posted it previously. Great chart.
- Jade Gate replied Jun 3, 2024
This is why https://finance.yahoo.com/news/stock...115257822.html Dow futures sank over 200 points as US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 3, 2024
Rising bond yields is what will stop that locomotive, data dependent.
Cable Update (GBPUSD)
- Jade Gate replied Jun 3, 2024
Yes they do, that's why GU is interesting for a short at the right time. I think Coreg is right about the potential short entry at 1.2850-70. The 200 ema is sitting right on that price point (weekly chart). Stocks are a completely different animal. ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 3, 2024
I'm looking at this gap on GU, and agree price needs to go higher before it falls.
Cable Update (GBPUSD)
- Jade Gate commented Jun 2, 2024
The trajectory into the debt abyss began in 2008 with QE. Govt sanctioned bail outs, money printing, the US Fed and govt's both flavours ever since quite happy to keep bank rolling it. At least QT is in full flight now. But the pigeons are coming ...
Fed's Kashkari: Likely we hold rates for quite a while, costs of prematurely declaring victory are...