Give cable a chance | Forex Factory

  • Give cable a chance

    From efxnews.com

    Cable--that is, the GBP/USD pair--has been roundly insulted Wednesday, but perhaps it's not yet injured. Indeed, charts urge caution for a time because sterling appears to be gathering to make a run for breakout resistance. The success or the failure of a breakout will tell the ultimate story. On the other hand it may be notable--or at least somewhat engaging--that this is the third week in which sterling has been trading the range of the week beginning Nov. 21. The range of that week is defined by $1.5421 support and resistance at $1.5810. Current trading at $1.5708 is well above the range midpoint of $1.5615, so a ... (full story)

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Sanguis
Dec 7, 2011 10:02pm
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Quoting Halba
nem értek kábelt 57 százalékos prémium az amerikai dollár fölött. valaki el tudja mondani nekem miért a hatalmas prémium a dollár fölött. a kamatláb-kilátása nem magas előrejelzéssel 0.50 százalék valószínű következő év. a növekedési aránya unalmasnak és élettelennek tűnik. ennek pénznyomtatása épp mint az USA van és egy hatalmas adósságteher, magasabb % GDP USA-nál. ez *mor, amit USA-nál euróválságba kapcsoltak össze. egyidejűleg nem tudok EU-kat ért 34 százalékos prémium a dollár fölött. én gyanúsított az kettőt összekapcsolnak,...
EURGBP his reason was selling.
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Halba
Dec 7, 2011 9:13pm
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i dont understand cable 57% premium over the US dollar. can someone tell me why the huge premium over the dollar. its interest rate outlook is not high with forecast 0.50% likely next year. its growth rate looks dull and lifeless. it has money printing, just like the USA, and a massive debt load, higher % of GDP than USA. it is mor linked to euro crisis than USA. concurrently i can't understand EUs 34% premium over the dollar. i suspect the two are linked provided eu/gbp is stable.
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gurangax
Dec 7, 2011 8:28pm
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the cable is not eu
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TraderUSA
Dec 7, 2011 8:03pm
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I don't see any reason whatsoever for the cable to be rally like this. It suppose to be at it correct level 1.5230 by now.
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