Cable Update (GBPUSD)

If this is a breach of the 9750 level, than it will be either risk shorts or staying off.

This level was toppish by late march and breached on strong fundamental by early April...

Despite the retail sales tomorrow, depending on where cable stops today, next level that was previous toppish is 9620.... Maybe a long from there

news at 15:00 could give the necessary boost to 9675, my target

this is bad i took the opposite T_T

And reading this I'm the only one! Comforting. I like going against the consesus. But I'm in the shit ATM. :

What the target for cable shorts???

I'm with you if you're long. Last 1.9742.

Dow Jones opened -30 and holding. Bottom fishers either come in the next 1hr or they are fishing real fish today... Gotta wait and see...

Dow taking profit may trigger carry unwinding

dollar strong + carry trades unwinding mean just one thing. GU down.

1.9725 & 1.9693.

me watching bernankes speech on subprimes on CNBC

don't let this cable fool you, there is still no clear direction, get what ever you can and limit your losses.

Chart here.

ashlee this is no way to trade, i hope you have a system.

I'm long....

I'm the one hidden behind the sofa

you aint the only one. long at 9738 my s/l is at 9700.

US Leading indicator is -0.5 worse than forecast of -0.1, so GU will go up right now.
do any one know what Benanke is saying?

Previsous revised to 0.6% from 0.1%.

What did everyone make of bernankes speech.

Bit of a mixed message for me. Not as bad as I thought it could have been for $ so im still bearish

Look at

http://www.forexfactory.com/showthre...47#post1443747

FED Outlook

'' All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. The vast majority of mortgages, including even subprime mortgages, continue to perform well. Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable".

Truckload of B.S.

Thats what Greenspan said as well I think