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Cable Update (GBPUSD)

  • #14,021
  • May 30, 2007 1:24pm May 30, 2007 1:24pm
Quoting NNDDuong
So, all the things I can do now is waiting 4 next released news : 7:01pm GBPConsumer Confidence
I have a long position from 1.9873 , hope the UK people "confidence" so much
Haha... I've entered @.9863 but closed down @ .9767
NON NOBIS DOMINE NON NOBIS, SED NOMINI TUO DA GLORIAM!
  • #14,022
  • May 30, 2007 1:27pm May 30, 2007 1:27pm
It's dead for the rest of the Night..
see you all in the A.m.
“Past performance is not indicative of future results”
  • #14,023
  • May 30, 2007 1:30pm May 30, 2007 1:30pm
Quoting NNDDuong
So, all the things I can do now is waiting 4 next released news : 7:01pm GBPConsumer Confidence
I have a long position from 1.9873 , hope the UK people "confidence" so much
Looks like it could be headed up the 60's. But it's going to be a long slow crawl with the markets winding down.

Edit maybe not a long slow crawl, made a nice little jump there.
  • #14,024
  • May 30, 2007 1:36pm May 30, 2007 1:36pm
i love it.
BAM BAM BOOM! -bravado
  • #14,025
  • Edited 1:55pm May 30, 2007 1:37pm | Edited 1:55pm
FOMC MINUTES SAID:
Growth prospects have soften sligtly going forward! Means no rate hike for now or soon, unless the growth prospect is not softening
GBP & EUR today may go up

=====================================
  • #14,026
  • May 30, 2007 1:46pm May 30, 2007 1:46pm
2 good news threads regarding FOMC

http://www.forexfactory.com/showthread.php?t=31686

http://www.forexfactory.com/showthread.php?t=31831

From what im reading this would be bearish for cable
  • #14,027
  • May 30, 2007 2:33pm May 30, 2007 2:33pm
Quoting benssol
try this DOW
Thanks Benssol, much appreciated. Interesting article and adds food for thought.

Thanks once again for the info.

Kenu.
  • #14,028
  • May 30, 2007 3:06pm May 30, 2007 3:06pm
i couldn't help noticing that this is another sub-100 pips day
  • #14,029
  • Edited 3:21pm May 30, 2007 3:08pm | Edited 3:21pm
S&P 500 Index Closes at Record High

AP -
Wall Street advanced sharply Wednesday, sending the Standard & Poor's 500 index
to its first record close in more than seven years, after minutes from the Federal
Reserve's last meeting offered investors no major surprises about the economy.
“Past performance is not indicative of future results”
  • #14,030
  • May 30, 2007 3:41pm May 30, 2007 3:41pm
Now THAT was one lousy session. I stood out of the market on a trip and was dreaming to find a nice shakeout across the board for now. Carries gone crazy, Cable trading 96, 95, then 96 and 97 again and so forth...

Damn...

Got only one sell limit in USDCAD triggered. Just beated to spread now

Tomorrow is NFP`s eve. A usual nothing-happens day....

Be back London... Cya...
  • #14,031
  • May 30, 2007 3:48pm May 30, 2007 3:48pm
NY stock markets setting and closing at all time highs and the dollar showing strength for the day. Now that's a departure from we've been coming to know about NY stock market - USD correlations.
  • #14,032
  • Edited 11:01pm May 30, 2007 10:04pm | Edited 11:01pm
FOMC did not come positive for the dollar (housing problem still, and the growth prospect softening)
US GDP; the expectation tomorrow is nothing to be proud about.
Fundamentals tonight are weak and nothing will bush to break the support.
The trend it just start reversing up
As a result, I see that the Cable tonight will go up close to the 97.90 at least as the first attempt to break that resistance

==================================
  • #14,033
  • May 30, 2007 11:00pm May 30, 2007 11:00pm
What do you think guys about my last posting?
  • #14,034
  • May 30, 2007 11:04pm May 30, 2007 11:04pm
Money moves markets. Not opinion.
  • #14,035
  • May 30, 2007 11:22pm May 30, 2007 11:22pm
Take a look at Igroks chart http://www.forexfactory.com/showpost...ostcount=13781

His first down trend run has completed and now looks like going up to 9830 approx. then, if he is correct a bigger trend down.
Attached Image (click to enlarge)
Click to Enlarge Name: trendchannel.jpg Size: 47 KB
  • #14,036
  • May 30, 2007 11:45pm May 30, 2007 11:45pm
Quoting SunTrader
Money moves markets. Not opinion.
Form NDVT 241:
The TREND is the MONEY that move the market
When I said "the trend is reversing up" means; money is moving the market up. so it is not just an opinion. also, the Fundamentals are not an opinion

=============================
  • #14,037
  • May 31, 2007 12:30am May 31, 2007 12:30am
Quoting ndvt241
Form NDVT 241:
The TREND is the MONEY that move the market
When I said "the trend is reversing up" means; money is moving the market up. so it is not just an opinion. also, the Fundamentals are not an opinion

=============================
how dare he. you tell him.
BAM BAM BOOM! -bravado
  • #14,038
  • May 31, 2007 12:36am May 31, 2007 12:36am
Quoting SunTrader
Money moves markets. Not opinion.
TREND is the MONEY that moves the market silly.

when he said "the trend is reversing up" it means that money is moving the market up. so it is not just an opinion. also, the fundamentals are not an opinion.

you so got schooled suntrader.
BAM BAM BOOM! -bravado
  • #14,039
  • May 31, 2007 2:00am May 31, 2007 2:00am
Quoting bravado
how dare he. you tell him.
Thank you Brovado!!
  • #14,040
  • May 31, 2007 2:01am May 31, 2007 2:01am
how low will it go?
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