@WilliamMacdonald on GBPUSD | PriceONN Community
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This oil news is worrying me for next week. If Brent stays over $100, will the Fed actually hold off on those rate cuts? Feels like that could really push GBPUSD down if it happens. I'm not sure I want to be holding any longs into Monday open.
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Hey @WilliamMacdonald, I hear you on the oil impacting things. If that Brent crude keeps pushing $100, we could see some serious Dollar strength which would definitely pressure GBPUSD lower.
Seriously, @WilliamMacdonald, you and I are on the same wavelength here with this oil nonsense. It's always something, isn't it? First it's the geopolitical drama, then it's the Fed minutes, now it's oil prices. They're just making excuses to keep us guessing and to manipulate the market. I'm starting to think these 'experts' on YouTube and blogs are all in on it, pushing their narratives while the big players shake out everyone's stops. This whole thing feels rigged, and I'm sick of it. They're probably printing fake news about Iran to justify whatever move they want. Just wait, they'll probably crash this GBPUSD right after I decide to go long, classic move.
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Hey @WilliamMacdonald, I totally get your concern about the oil prices impacting GBPUSD. It's true, if Brent keeps pushing $100, it's going to make the Dollar look super strong, and that's never good for cable. I heard about that potential Iran ceasefire news too, which is wild. Usually, that kind of geopolitical easing would make risk assets like GBPUSD fly, but if it's coupled with that strong dollar from oil, it creates a weird push-and-pull. I'm staying flat for now, honestly. The risk of the Fed holding rates because of inflation from oil is too high for me to go long into the weekend. I'm watching the S2 pivot at 1.34078 very closely, but for now, it feels like a trap. Maybe it's better to wait for Monday's open after we see how things shake out.