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  • Cable crumbles in thin liquidity, USD broadly bid

    From forexlive.com

    GBP/USD down 123 pips on the day The pound is under heavy selling pressure in a broad rush to US dollars as the hours tick down. The move is no-doubt flow related as someone, somewhere they decided they didn't have enough US dollars in their accounts at year end. There could be a final flourish of USD buying as London winds down.

The Euro is holding strong though .... Here hopping the parity proponents will be disappointed
hmm, that makes sense , buying loads of dollars before the weekend! guess they need more toilet paper or they were just dumping their £'s before buying up again.
Look to the Charts...Cable is yet to hit its target low before rushing back up soon in the new year....Market makers dont care about the time on this one....Profit profit profit!
  •  Guest
  • | IP XXX.XXX.128.151
Sell off means Sell off !!!
By the way USD JPY must hit below 120 but notice how MM holds it at 120 low.....It must go below 120 and then rise again by between 80-150 pips minimum towards NFP even amidst Oil sentiments!
Usdchf is on Viagra closing just 60 pips above last year hight! The BULLS have more to Rule next year.
HiHi there is no bulls nor bears in this game...Just MM the Elephant moving to its target!

Hop on for a ride... ))
Just look at how EJ is flagging towards its target....Before poling back up....I kid you not....129.9


If you think am kidding just look at CJ its in a wedge/triangle continuing pattern must go down toward 85.5
Dumping USD/CAD like there's no tomorrow. Cliff diving.
Invest in alarm clocks
Next target is 1.56 for USDCAD 2/3 mths.....Too much oil awash in this market!
Quoting DonFF
Just look at how EJ is flagging towards its target....Before poling back up....I kid you not....129.9


If you think am kidding just look at CJ its in a wedge/triangle continuing pattern must go down toward 85.5
I know you are not kidding, We know Cable will go down to 1.27 at least but possibility for 1.23
  •  Guest
  • | IP XXX.XXX.51.208
Don't think there is any such thing as selling or buying neither bulls or bears....seems the MMs moving price as they see fit with the £.


Is the UK economy that bad causing £ to crash lately?

Even 'weaker' currencies like NZD, Aussie have held up strong against the dollar.
  •  Guest
  • | IP XX.XX.239.233
Quoting Guest
Don't think there is any such thing as selling or buying neither bulls or bears....seems the MMs moving price as they see fit with the £.


Is the UK economy that bad causing £ to crash lately?

Even 'weaker' currencies like NZD, Aussie have held up strong against the dollar.
wait until monday to see aussie drop..
Quoting DonFF
Next target is 1.56 for USDCAD 2/3 mths.....Too much oil awash in this market!
That's no gonna happen even if oil hits 0. And long before that you will see all sorts of production reduction to prevent that happening.
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  •  Guest
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  • Story Stats
  • Posted: Dec 31, 2015 11:11am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 14  /  Views: 5,905