Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#14,601
Jun 8, 2007 5:35am Jun 8, 2007 5:35am

el_duende
| Joined Oct 2006 | Status: Trader | 1,012 Posts

trade balance btter than expected for US 1.9665 a good sell?

#14,602
Jun 8, 2007 5:38am Jun 8, 2007 5:38am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

08:35 The 10 Yr Rate Saga continues...The bond pits in Chicago opened 15 minutes ago and have done nothing but sell bonds, sending rates higher, for a 10 yr last of 5.16%

#14,603
Jun 8, 2007 5:40am Jun 8, 2007 5:40am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting VEC

Disliked

maby not in the next hours/days thou

Ignored

agreed.

BAM BAM BOOM! -bravado

#14,604
Jun 8, 2007 5:41am Jun 8, 2007 5:41am

dimmi
| Joined Dec 2006 | Status: Trader | 330 Posts

Quoting cesarnc

Disliked

08:35 The 10 Yr Rate Saga continues...The bond pits in Chicago opened 15 minutes ago and have done nothing but sell bonds, sending rates higher, for a 10 yr last of 5.16%

Ignored

What does that mean..

#14,605
Jun 8, 2007 5:43am Jun 8, 2007 5:43am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting dimmi

Disliked

What does that mean..

Ignored

The 10Yr has been the major driver in the last days here... Above 5% it is USD bullish / stocks bearish (thus affecting carry trades)

#14,606
Jun 8, 2007 5:46am Jun 8, 2007 5:46am

DutchTrader
| Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts

Quoting cesarnc

Disliked

The 10Yr has been the major driver in the last days here... Above 5% it is USD bullish / stocks bearish (thus affecting carry trades)

Ignored

Moskow didn't help that either, I look for GBP/USD to correct lower towards 1.93

Patience + Humility + Study = Success

#14,607
Jun 8, 2007 5:50am Jun 8, 2007 5:50am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting DutchTrader

Disliked

Moskow didn't help that either, I look for GBP/USD to correct lower towards 1.93

Ignored

As The God use to say, "not farfetched"

#14,608
Jun 8, 2007 5:52am Jun 8, 2007 5:52am

smikester
Joined Mar 2007 | Status: Trader | 8,618 Posts

Quoting Igrok

Disliked

Seems my initial target for cable at 1.9180 starting to make more sense now. Also think that the EUR/USD is likely to test its own very major trendline currently at 1.2870. Likely to see both before the end of the month. Those levels should be good ones for liquidating shorts and taking longs for intrayear trades. But once broken the next targets will be set at 1.84-85 on cable and at around 1.20 on the euro in addition to 1.38 on the swissy.

Ignored

Thank you for your observations. May I ask: Is your calculation for cable based on the weekly macd divergence you mentioned yesterday? Is your calculation for the swissie based on triangle breakout? Have you integrated fundamentals (eg likely gbp interest rate rises) into your calculations? Would you mind posting a chart?

Gone to a better place

#14,609
Jun 8, 2007 5:58am Jun 8, 2007 5:58am

Traex
| Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts

Looks like 1.9555 isn't that far now.

Tra-X

#14,610
Jun 8, 2007 5:58am Jun 8, 2007 5:58am

Igrok
| Membership Revoked | Joined Dec 2006 | 2,771 Posts

Quoting smikester

Disliked

Thank you for your observations. May I ask: Is your calculation for cable based on the weekly macd divergence you mentioned yesterday? Is your calculation for the swissie based on triangle breakout? Have you integrated fundamentals (eg likely gbp interest rate rises) into your calculations? Would you mind posting a chart?

Ignored

Divergence is just one of the factors. Cable is also forming a broadening triangle that is likely to turn into a diamond eventually. This pattern has obvious projected borders. I have already posted most of these pictures in my thread here http://www.forexfactory.com/showthre...=21887&page=28

#14,611
Jun 8, 2007 6:04am Jun 8, 2007 6:04am