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- ba1ker replied Nov 21, 2013
All this bickering... another reason why I rarely frequent these forums anymore. Everyone is wasting their time reading and posting in here when they could spend their valuable time reading their own charts to find their OWN trades. Goodbye and good ...
Cable Update (GBPUSD)
- ba1ker replied Nov 21, 2013
I agree with your sentiment... All I see is a range on the daily/weekly which is ready to break either for the next leg up or to break down. If economic numbers continue to improve, I say up, otherwise down. A move up should be capped around 1.7.
Cable Update (GBPUSD)
- ba1ker commented Nov 20, 2013
He gets a fat 0/10 from me for allowing the worst financial crisis and recession to happen on his guard in the first place. It was his failure to act before it was too late. His favourite song... "I'm Forever Blowing Bubbles"
Fed's Bernanke scores 8/10 from economists on his way out
- ba1ker commented Nov 15, 2013
Had no effect... All eyes are on US and Yellen. Even an interest cut in Euro has had little effect on the Euro as price is back to when the cut was announced and with negative Empire State Manufacturing Index, more ammo not to taper in December and ...
Weale - Perfectly Possible Right Thing To Do Is Keep Rates At 0.5 Pct Even After Unemployment Below...
- ba1ker commented Nov 15, 2013
The other issue is that for many homeowners who have a mortgage, 30-40% of their disposable income goes on mortgage payments. Therefore, any rise in interest rates will definitely increase home repossessions and it will knock GDP down and banks will ...
UK recovery cuts home repossessions, but some see trouble brewing
- ba1ker commented Nov 15, 2013
BoE are aware that raising interest rates will mean there is less disposable income as UK homeowners have to cope with increased mortgage payments, especially as the majority of mortgages are variable rates and not fixed, hence it will affect the ...
UK recovery cuts home repossessions, but some see trouble brewing
- ba1ker replied Nov 14, 2013
petetong, you're not wrong
Cable Update (GBPUSD)
These last couple of days have made bullish prints on the chart, however 1.625 is very strong resistance. I think we might bounce around 1.585 and 1.625 for a while longer...
- ba1ker commented Nov 8, 2013
I wet myself reading this... Oh the irony! Fundamentals, oh sorry I mean fluctuant, came back and bit you in the arse. That is what you get when you ignore the fundamentals... Every man and his dog was predicting the rate cut but you chose to ignore ...
Jesse Livermore: The Greatest Trader Who Ever Lived
- ba1ker commented Oct 10, 2013
Market doesn't expect a default either but if they do default and I think this is highly unlikely as someone will blink in the last hour, it will have a higher impact on short-term treasuries than long-term treasuries.
BOJ'S Kuroda doesn't expect US default, but if happened wouldn't change collateral policy
- ba1ker commented Oct 10, 2013
I see that the data will be eventually released... that will be a nice surprise for the markets when it does come out! LOL
Unemployment insurance weekly claims report
- ba1ker commented Oct 10, 2013
Market already priced in for end of this year or early next year, no? What happened to NFP for October... can't bloody find it anywhere... LOL. Was that also postponed?
Unemployment insurance weekly claims report
- ba1ker commented Oct 10, 2013
Nice summary... I like the line about Silicon Valley... LOL
Unemployment insurance weekly claims report
- ba1ker commented Oct 10, 2013
Best to ignore the ones that shout the loudest without any reasoning behind it.... they are the muppets on this forum and there are plenty of them on here! You can spot the clueless noobs from a mile off!
Unemployment insurance weekly claims report
- ba1ker commented Oct 10, 2013
Insured unemployment went down and that has an effect on the overall unemployment numbers which is what the FED are tracking...
Unemployment insurance weekly claims report
- ba1ker commented Oct 10, 2013
How will the money supply be increased when the BoE are NOT extending their gilt purchases? Money supply can be increased 2 ways... One is QE and the other is by banks increasing their lending and neither is currently happening, so I don't see the ...
Bank of England leaves QE, interest rates on hold
- ba1ker replied Oct 10, 2013
Indeed the granddaddy of moving averages BUT the week has not closed yet and I would agree with above statement IF the week closes below it. If you look at the back end of last year, price penetrated it but failed to close above it, so making the ...
Cable Update (GBPUSD)
- ba1ker commented Oct 9, 2013
Having read the report, it is all data dependent as to whether to taper and with July/August numbers coming in below THEIR expectations, they decided not to taper albeit with one dissident. If numbers do continue to improve they will start taper ...
Minutes of the Federal Open Market Committee