Cable Update (GBPUSD) | Page 748 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #14,941
  • Jun 15, 2007 7:23am Jun 15, 2007 7:23am
Quoting Alfa159
what you say makes sense... Because the last two days although US had really good datas, the dollar barely went up a bit and than came back to where it was before the news were released... However I am aiming for june 8th low of 1.9620 if the news are very good for US. Though I doubt right now that it will brake that level. Probably will go back to high 1.9700s perhaps. I cant count on the downtrend of cable lately...
The economic data for the past week seems to be positive for both the pound and the dollar, but a little more positive for the dollar. Only UK CPI and Average Earnings came in negative. All dollar data has been positive. So assuming that dollar's Friday data comes in dollar positive, I think we should see dollar strength. How does everyone feel about this?
  • #14,942
  • Jun 15, 2007 7:28am Jun 15, 2007 7:28am
Quoting x3m
Let's get ready. Usually the xerox lady that makes copies of the reports makes a call to her broker 5-10 minutes before the data release.
She did not call in today. :-) Probably FBI is talking to her right now.

See you all after FF servers are back.
  • #14,943
  • Jun 15, 2007 7:28am Jun 15, 2007 7:28am
Pack of news... The risk is all of them coming out mixed. One positive the other negative....

Good luck
  • #14,944
  • Jun 15, 2007 7:28am Jun 15, 2007 7:28am
Quoting Loopy
The economic data for the past week seems to be positive for both the pound and the dollar, but a little more positive for the dollar. Only UK CPI and Average Earnings came in negative. All dollar data has been positive. So assuming that dollar's Friday data comes in dollar positive, I think we should see dollar strength. How does everyone feel about this?
I am wating downtrend, but if it break 1.9735 we will see cable uptred.
  • #14,945
  • Jun 15, 2007 7:35am Jun 15, 2007 7:35am
CPI higher Core CPI lower by 0.1 Thanks for wasting our time third day in a row.
  • #14,946
  • Jun 15, 2007 7:36am Jun 15, 2007 7:36am
Quoting x3m
CPI higher Core CPI lower by 0.1 Thanks for wasting our time third day in a row.
Another data in 25 min.!
  • #14,947
  • Jun 15, 2007 7:37am Jun 15, 2007 7:37am
Quoting x3m
CPI higher Core CPI lower by 0.1 Thanks for wasting our time third day in a row.

so there wont be much market affect you say? Empire State Business Conditions Index was pretty good though...
  • #14,948
  • Jun 15, 2007 7:38am Jun 15, 2007 7:38am
Quoting rosso832
Another data in 25 min.!
It can only make things more uncertain.
  • #14,949
  • Jun 15, 2007 7:39am Jun 15, 2007 7:39am
Quoting Alfa159
so there wont be much market affect you say? Empire State Business Conditions Index was pretty good though...
I am afraid it's going to be swinging badly today.

The news that came out just now are pretty much US positive, even though not all all in sync. Why are we seeing GBP going up then?
  • #14,950
  • Jun 15, 2007 7:45am Jun 15, 2007 7:45am
Take a look at S&P and DOW Jones futures - they have shot up on reaction to the news. This means traders are seeing a no change of stance from FED. ie no rate hike for foreseeable future as inflation has moderated. This is good for stocks.

I think this will be bearish news for $ so far

However more news out soon!
  • #14,951
  • Jun 15, 2007 7:45am Jun 15, 2007 7:45am
Quoting x3m
It can only make things more uncertain.
definitely... I am having the feeling of more mixed US data to come within the next half hour.
  • #14,952
  • Jun 15, 2007 7:47am Jun 15, 2007 7:47am
Quoting x3m
I am afraid it's going to be swinging badly today.

The news that came out just now are pretty much US positive, even though not all all in sync. Why are we seeing GBP going up then?
Current Account Data beeing revised! Throwing a more negative light (Downtrend) on the US economy and trade affairs.
rgds
t.
always expect the unexpected!
  • #14,953
  • Jun 15, 2007 7:50am Jun 15, 2007 7:50am
I am long @1,9730
  • #14,954
  • Jun 15, 2007 7:54am Jun 15, 2007 7:54am
I think everyone was expecting some extraodinary data to short cable and with data mixed up and pretty much on prediction that was already priced in, we are seeing buying that everyone was ready to do in the last three days in light of future BOE interest rate hikes.

But again, I don't think it will be a directional move, but placing buys or seels in this state of the market is very risky for me. I will wait for another data pack realease but I am ready to call it a week.
  • #14,955
  • Jun 15, 2007 7:55am Jun 15, 2007 7:55am
Quoting el_duende
Take a look at S&P and DOW Jones futures - they have shot up on reaction to the news. This means traders are seeing a no change of stance from FED. ie no rate hike for foreseeable future as inflation has moderated. This is good for stocks.

I think this will be bearish news for $ so far

However more news out soon!
Where are you finding the quotes for these futures?
  • #14,956
  • Jun 15, 2007 7:55am Jun 15, 2007 7:55am
Hitting the tl (from 6/15) at 738 now and the (30min) 365ema at 742, lets see if it breaks.
  • #14,957
  • Jun 15, 2007 7:58am Jun 15, 2007 7:58am
Quoting Loopy
Where are you finding the quotes for these futures?
Just on CNBC TV channel - They have price tickers on the screen at all times. Also gives 10 year notes as well.

Bloomberg no doubt will have the same

S&P Fut - up 9.5
DJ Fut - up 72

EUR/USD looking very bullish so far
  • #14,958
  • Jun 15, 2007 7:59am Jun 15, 2007 7:59am
Quoting rosso832
I am long @1,9730
Went long 9718, took 1/2 already. SL at B/E... I'm a scalper in this crazy market
  • #14,959
  • Jun 15, 2007 7:59am Jun 15, 2007 7:59am
lol the market still did not get my stop loss at 1.9743...
few more pips to go. Would be a miracle if the cable turns back from there.
  • #14,960
  • Jun 15, 2007 8:02am Jun 15, 2007 8:02am
Quoting Alfa159
lol the market still did not get my stop loss at 1.9743...
few more pips to go. Would be a miracle if the cable turns back from there.
news may give you a spike your way
336 traders viewing now, 4 are registered:
Ac2007bmw
,
Ahsan
,
Olu
,
meugampong