should go south for this week.
DOWN:surprised
DOWN:surprised
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedWhy? I think if someone of us writes a direction of cable or any other pair it would be great to add arguments why it should go here or there. Without that all posts are useless.
Now cable could go up or either down, it depends will it breach his hourly channel and i think we will have an answer per one hour. Good tradingIgnored
DislikedBritish house prices fell for a third consecutive month in January - housing market data from the UK continues to weaken. Consumer credit and mortgage approvals are also falling short of expectations. These factors put downward pressure on the GBP....Ignored
DislikedUK
Net lending is still strong and the overall economy is growing as compared to the US who's GDP is probably negative as we speak..
Wed
Jan 30 4:30am
4:30am GBPhttp://www.forexfactory.com/images/m...act_medium.gifNet Lending to Individuals m/m
http://www.forexfactory.com/images/m...etail_star.gif 9.1B
then add the interest differential and UK's large trade with EU zone...
Then look at the 2 years trend...
Look at the US purposely increasing it's fiscal deficit by tax rebate cheques and probably the trade deficit when this is spent on chinese intelligent electronic back scratchers....
The US does not have the percentage immigration that the UK has and has unlimited land area..
Half the immigrants to the US live in bunks 10 to a wall in slums - no housing pressure coming from them
The UK housing history is of stand stills or slight drops - the US traditionally slashes prices...
Fundamentally speaking, I can see why the euro is strong but I don't see why the gbp should be ruled out long term..Ignored
DislikedAgree with all that all that Allserene ,also we talk about tech and fundamentals' but don't you think there there is a third part to the puzzle which is hardly touched here
Market Sentiment, I've noticed price go and not go ,places where would not think in the past due to that. I'm trying to judge sentiment more and more as part of my strategy.Why is price hung?
My theory is this ,I'm really thinking prices will go up. But tomorrow we may have a good US figure and price will drop now if I wanted to go long term I ideally would want to buy from the bottom so why buy now wait for the anticipated fall,don't you think?Ignored
Dislikedyou make alot of sense my good man, ALOT OF SENSE!!!
people will probably say that you dont see the big picture, blah blah blah, but.........you have the biggest view, in my eyes!!Ignored
DislikedThanks mate I am sitting here thinking am i mad,I dont hear voices yet which is a good sign,ha haIgnored
Dislikeddang!.
gu price action is really confusing, it looks like a roller coaster.
and Mr.King put things more confusing also.
He said uk fundamentals are strong and the worse has happened, also Brown reassured him in the job.
but yesterday. the man who was able to trick the uk financial system.
hint about uk is in a brink of a recession and is almost impossible to avoid it.
(George Soros)
so who to bellieve????
i certainly think the drop from 2.1000 to 1.93 was brutal and we are reversing some of the drop. but the thing is, will sterling keep gaining ground against usd???
taking into FED has cut rates aggresively and now the gap of interest is really big?
really connfusing the scenario of gbp
can someone add something that help clarify????.....Ignored