Dislikedit will be another choppy week, grap your pips and run for the hills, another account blowing week.Ignored
Should be an interesting week.
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
Dislikedit will be another choppy week, grap your pips and run for the hills, another account blowing week.Ignored
S/L 1.9852 T/P 1.9770
Dislikedno bro i have to argue
USA is feeling inflation more than any other country
and they cant do more for housing or credit crunch plus the problems US is facing are entering europe and they will slow growth dramatically in europe plus euro is killing their exports and the world wont cope with that.
on the other hand oil will not keep going higher
sooner or later profit taking will occur and we will see a huge selloff.
hence dollar might see some more selloff but we are near the bottom if we havent already bottomed out.Ignored
DislikedHere's my thoughts, could be way off base though, but I thought Eurozone wasn't primarily export based (that's jpy). Anyways, yes if they maintain manufacturing in Europe and try to sell oversea's then yes it will cost more. What happens if those companies move manufacturing to dollar based countires? Playing field is leveled then and I'd say huge advantage to Eurozone.
Regarding slower growth in Europe, it seems that worldwide there will be slowing growth, not a recession though. In Eurozone they have some powerhouse countries. Think I saw on CNBC 8 out of the 10 top performing economies were in Eurozone.
IMO Eurozone will only become stronger moving forward. Just looking at an Oil chart, is clear it will continue going up. Yes there will be a retrace but overall, it will continue going up until there's some sort of alternative energy that can take it's place which I don't think has been discovered yet.
I'm not sure about the dollar bottoming out, it may or may not, I don't have a chart to run an analysis on it. Depending on how we close the monthly candle on S&P, we may not have bottomed on that index. Will have to wait until next week for that. 1177 could be a very real possibility for S&P, but again will need to wait until next week. I could be very wrong, but this is just based on the technicals I see. I would think though that S&P not bottoming would also mean dollar not bottoming.Ignored
Dislikedthis day like this is boring but it was very easy pips, very clear......., no worry when long and short......... grab 30 up , 30 down , is like paradise here.....Ignored
Dislikedanyone see gbp going down for like 1.9750? or is it going up? by tomorrow ofcIgnored
Dislikedseems a bit worry for down ....i wanted to see 1.96 area
daily majorly overbought
1hr time chart suggest movement down was only cause of diverence playing out ....now on 1 hr it isnt there....
news for week look not good for cable to sink which i find worrying ...dunno whats happening and it looks like fundamentals going to determine direction which are looking up for cable .....but wheres the retracement??Ignored
Dislikeddude if fundamentals turn out good for UK i strongly suggest u hedge
because so far its not looking like its willing to go down further.Ignored
Dislikeddude if fundamentals turn out good for UK i strongly suggest u hedge
because so far its not looking like its willing to go down further.Ignored
Dislikedif it goes up i wont hedge cause it wont come down again thats the problem ...we right now in a shit sandwich...either it will break to the top and it wont come to this levels again...or it heading toward 1.8 longer term..
the monthly chart tells me it going to go up instead of down..only thing is im bloody short arent i...man i feel like im cursed always on the wrong side..lolIgnored