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Cable Update (GBPUSD)

  • #15,161
  • Jun 20, 2007 3:57am Jun 20, 2007 3:57am
Quoting zamans98
umm. maybe they (US) are thinking to raise the interest rate as well
...too right they are. would not surprise me if the FED raise rates .50 per cent next week. after all, they only have so much credibility left, don't they?
  • #15,162
  • Jun 20, 2007 3:59am Jun 20, 2007 3:59am
Quoting zamans98
i'm unsure, hope others can help ...
Bloomberg analysts talking of 2.03/ 2.05 - King was the key here, we may have a retrace but I cant see lower than 9880 at present. I am buying on dips.

Te real sentiment may take time to come clear.
  • #15,163
  • Jun 20, 2007 3:59am Jun 20, 2007 3:59am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting free4440273
...too right they are. would not surprise me if the FED raise rates .50 per cent next week. after all, they only have so much credibility left, don't they?
Isn't US inflation is moderating??
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #15,164
  • Jun 20, 2007 4:00am Jun 20, 2007 4:00am
another 25 points hike is already on the price.... i'm still short ( i was long only first time of release.... +8 pips, but already i have 1 short -32pips...)

so.. i think see 9750 next week
  • #15,165
  • Jun 20, 2007 4:00am Jun 20, 2007 4:00am
It bounced perfectly off the trend channel resistance line. Questions are: was it profit taking that caused retrace? or has GB rate hike already been factored in by mainstream?

From a technical perspective I think short is the trade.
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  • #15,166
  • Jun 20, 2007 4:01am Jun 20, 2007 4:01am
Quoting pablorpl
another 25 points hike is already on the price.... i'm still short ( i was long only first time of release.... +8 pips, but already i have 1 short -32pips...)

so.. i think see 9750 next week
Interesting strategy
Patience + Humility + Study = Success
  • #15,167
  • Jun 20, 2007 4:02am Jun 20, 2007 4:02am
Quoting CWH
Isn't US inflation is moderating??
...really? i don't think bernanke will see it that way. always amused when people say inflation is 'moderating': never notice that when i fill up my vehicle or do my groceries or pay my utilities - all i see are price increases
  • #15,168
  • Jun 20, 2007 4:02am Jun 20, 2007 4:02am
Global view is US economy is slow down.

Euro will be the next reference currency.
  • #15,169
  • Jun 20, 2007 4:02am Jun 20, 2007 4:02am
Quoting pablorpl
another 25 points hike is already on the price.... i'm still short ( i was long only first time of release.... +8 pips, but already i have 1 short -32pips...)

so.. i think see 9750 next week
umm, are you hoping or speculating that level?
  • #15,170
  • Jun 20, 2007 4:05am Jun 20, 2007 4:05am
long 9909 @ the news. SL 9870. TP 9930-50 not that bad an idea
  • #15,171
  • Jun 20, 2007 4:09am Jun 20, 2007 4:09am
Quoting cesarnc
long 9909 @ the news. SL 9870. TP 9930-50 not that bad an idea
9950 is a nice place in my humble opinion as well. Also long GBPJPY of course, so much for my hopes of a dip.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #15,172
  • Jun 20, 2007 4:11am Jun 20, 2007 4:11am
Quoting cesarnc
long 9909 @ the news. SL 9870. TP 9930-50 not that bad an idea
also long, but from 9923, hurts a bit right now but i think ill be ok.

are you still watching and scalping? i thought that was last week..
  • #15,173
  • Jun 20, 2007 4:12am Jun 20, 2007 4:12am
long at 19900 s/l 19880 tp above the 19925 zone
Patience + Humility + Study = Success
  • #15,174
  • Jun 20, 2007 4:14am Jun 20, 2007 4:14am
when the BoE members holded the rate last time, GU fall... 9940 to 9620 (market saw 25 hike... but it didn't) (some analyst talking about US hike too).... the retracement is fully now.


Techs on daily graphs say.... sell me


So, i expect 9750 (strong support) is good target for short and market correction

Quoting zamans98
umm, are you hoping or speculating that level?
  • #15,175
  • Jun 20, 2007 4:16am Jun 20, 2007 4:16am
Quoting pablorpl
when the BoE members holded the rate last time, GU fall... 9940 to 9620 (market saw 25 hike... but it didn't) (some analyst talking about US hike too).... the retracement is fully now.


Techs on daily graphs say.... sell me


So, i expect 9750 (strong support) is good target for short and market correction
The key is the vote, last time they voted 7-2 iirc.
Patience + Humility + Study = Success
  • #15,176
  • Jun 20, 2007 4:17am Jun 20, 2007 4:17am
short at 9930
  • #15,177
  • Jun 20, 2007 4:18am Jun 20, 2007 4:18am
Quoting DutchTrader
The key is the vote, last time they voted 7-2 iirc.


Wasn't 7-2 the forecast, 9-0 was the last one..
  • #15,178
  • Jun 20, 2007 4:19am Jun 20, 2007 4:19am
Quoting dimmi
Wasn't 7-2 the forecast, 9-0 was the last one..
You're probably right, so that proves the point even more no? The more dissenting hawks the better for GBP bulls
Patience + Humility + Study = Success
  • #15,179
  • Jun 20, 2007 4:27am Jun 20, 2007 4:27am
Last vote was 9-0 25points hike... but remember CPI was 3.1 for Oils up and part of market think on 50points hike to 5.75% like now.

But, that hike is on the price right now

Quoting DutchTrader
You're probably right, so that proves the point even more no? The more dissenting hawks the better for GBP bulls
  • #15,180
  • Jun 20, 2007 4:31am Jun 20, 2007 4:31am
well, the US session will be focus today for see direction
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