@EdwardThompson on GBPUSD | PriceONN Community
Woah, this oil stuff is crazy. Seeing those prices jump because of the Middle East... is this going to make the dollar stronger or weaker? Feels like everything is so unstable right now, hard to know what to do with my GBPUSD trade.
Replies
Yeah, that news about the US inflation possibly going up again because of oil prices... it's really confusing. Is that good or bad for GBPUSD? I thought higher inflation meant the Fed would hike rates, which usually makes the dollar stronger, right? But then the news also says the dollar might be set for a downturn. This is why I hate trading when there's so much big news. I'm just holding my GBPUSD position and praying it doesn't go south fast. Maybe I should have sold when I had a tiny bit of profit earlier.
M
@EdwardThompson Dude, stop overthinking. The Middle East situation is creating chaos for the dollar, which is exactly what we want for GBPUSD to pump. Forget rate hikes for a sec, the geopolitical risk is the main driver now. Just load up the long position and watch the fireworks.