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Cable Update (GBPUSD)

  • #16,061
  • Jun 27, 2007 11:41am Jun 27, 2007 11:41am
Quoting free4440273
no need to apologize. by the way, if you think the Fed doesn't have a clue, what should you make of the BofE - incompetence writ large
At least BOE has shown a clear bias, at least since early 2007. And now it has made clear it's on "wait-and-see" period after the last hikes. CPI the main indicator, target 2% clear, 3% top of tolerance, last readings 3.1%, 2.8%, 2.5%.

FED comes with "inflation a concern", "housing kinda not spilling over", "sub-prime not a concern, well yet". Ask a Bull what he thinks about these words and he is leaving with your nose only out of the crap.
  • #16,062
  • Jun 27, 2007 11:49am Jun 27, 2007 11:49am
Quoting cesarnc
At least BOE has shown a clear bias, at least since early 2007. And now it has made clear it's on "wait-and-see" period after the last hikes. CPI the main indicator, target 2% clear, 3% top of tolerance, last readings 3.1%, 2.8%, 2.5%.

FED comes with "inflation a concern", "housing kinda not spilling over", "sub-prime not a concern, well yet". Ask a Bull what he thinks about these words and he is leaving with your nose only out of the crap.
bond market knows far better - rates are going up very soon. i am dollar bullish against gpb/usd
  • #16,063
  • Jun 27, 2007 11:53am Jun 27, 2007 11:53am
Quoting smikester
It's on days like this that I study Forex techniques which will stand me in good stead for the future. And some of you would do well to mark my words.
i know all.
BAM BAM BOOM! -bravado
  • #16,064
  • Jun 27, 2007 11:54am Jun 27, 2007 11:54am
Quoting free4440273
bond market knows far better - rates are going up very soon. i am dollar bullish against gpb/usd
Define "soon". What is your expectation?

I've read as "soon" as the end of the year, which is quite short term, but does not refresh our daily pippies here.
  • #16,065
  • Jun 27, 2007 12:00pm Jun 27, 2007 12:00pm
Quoting cesarnc
Oookkaay... 6 crappy 15min candle in a row....

Many of you guys were already pissed-off with cable, specially camisa. Now the random shooters team has got a new member....

I'm going to leave now for a while as to shout, say, 300 cursing words, unload a AK47 at the bus station from my balcony, drop 15 granades down the stairs and press all the buttons in the elevator.

Just to cool-off a lil bit.

Keep your CNN on in the next hours.
Uggghhh horrible..You're looking at 15 min candles? I am very dissapointed in you, will never call you names again. I only talk to (and make fun of) H4+ people, and maybe those who take a quick glance at the hourly. Next thing you'll tell me you're a filthy scalper.

Anyway, the GBP is definitely oversold. I closed shorts before the news, will short once the news rush (50 pips is a "rush" these days) calms down.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16,066
  • Jun 27, 2007 12:04pm Jun 27, 2007 12:04pm
Quoting Plutonite
Uggghhh horrible..You're looking at 15 min candles? I am very dissapointed in you, will never call you names again. I only talk to (and make fun of) H4+ people


Exactly the opposite. By the time of my post, I was looking at the 1hr and decided to check the 15 min. The 6 crappy candles just washed my mood out
  • #16,067
  • Jun 27, 2007 12:06pm Jun 27, 2007 12:06pm
Quoting cesarnc
Define "soon". What is your expectation?

I've read as "soon" as the end of the year, which is quite short term, but does not refresh our daily pippies here.
I can't aid your 'daily pippies' I'm afraid. but when folk talk about a forty per cent chance of a rate cut by year-end...i just don't see it. people wanted to see a positive yield curve - and we got it - but we need to bear in mind what this means. more rate increases. another increase by October. best i can do here. as always, i could be wrong...
  • #16,068
  • Jun 27, 2007 12:10pm Jun 27, 2007 12:10pm
Quoting free4440273
I can't aid your 'daily pippies' I'm afraid. but when folk talk about a forty per cent chance of a rate cut by year-end...i just don't see it. people wanted to see a positive yield curve - and we got it - but we need to bear in mind what this means. more rate increases. another increase by October. best i can do here. as always, i could be wrong...
Fair enough...

He some good lines about tomorrow, from NewstraderFX

http://www.forexfactory.com/showthread.php?t=35866

NewstraderFX is too polite to use terms like "crap" and "B.S." so he uses italic and " "
  • #16,069
  • Jun 27, 2007 12:10pm Jun 27, 2007 12:10pm
The GU market these 2 weeks has been extremely slow because apparently it is dominated by speculation - timid specualtion - rather than industry/serious investment/factory orders..etc. Does anybody know where to get info on industrial exports imprts..etc concerning the UK and US?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16,070
  • Jun 27, 2007 12:15pm Jun 27, 2007 12:15pm
13:13We still don't think 2.00 is trading in GBP/USD today


I do
  • #16,071
  • Jun 27, 2007 12:17pm Jun 27, 2007 12:17pm
Quoting cesarnc
Fair enough...

He some good lines about tomorrow, from NewstraderFX

http://www.forexfactory.com/showthread.php?t=35866

NewstraderFX is too polite to use terms like "crap" and "B.S." so he uses italic and " "

don't forget bold for emphasis.
  • #16,072
  • Jun 27, 2007 12:31pm Jun 27, 2007 12:31pm
At least Cable is showing some dignity here, avoiding the daily candle to turn into a BULLISH candle
  • #16,073
  • Jun 27, 2007 12:35pm Jun 27, 2007 12:35pm
I'm not displaying much respect for candles at the moment. i am still looking for .9730-50. but I could be waiting a
l-o-n-g time
  • #16,074
  • Jun 27, 2007 12:56pm Jun 27, 2007 12:56pm
...and i am still long...
  • #16,075
  • Jun 27, 2007 2:01pm Jun 27, 2007 2:01pm
Believe tomorrow is only 1st day of a two day meeting. Announcement on thurs aft.

Edit: I lost a day somewhere, today is weds so tomorrow is announcement day
  • #16,076
  • Jun 27, 2007 3:14pm Jun 27, 2007 3:14pm
free4440273! I like your attitude and way of thinking. I shure hope you are right on the GBP going way down. I have a lot more short trades in than I do longs. Long live the USD!!!!
  • #16,077
  • Jun 27, 2007 3:22pm Jun 27, 2007 3:22pm
HEy guy maby somebody can tell me when GBPUSD will go down??
  • #16,078
  • Jun 27, 2007 3:34pm Jun 27, 2007 3:34pm
If we knew the answer, there would ba a lot more millionaires on the Forex Factory forum. I hope that it goes down in the next 5 mins. so I can get some more shorts.
  • #16,079
  • Jun 27, 2007 3:57pm Jun 27, 2007 3:57pm
Do you think it wil hit the 144 Fib level and reverse
  • #16,080
  • Jun 27, 2007 4:52pm Jun 27, 2007 4:52pm
Quoting cesarnc
At least Cable is showing some dignity here, avoiding the daily candle to turn into a BULLISH candle
Dignity baloney, SOB cable put 2.0 today

Could have been less chicken, but at least I made some pips out of this run up.

Now, curious to see what late Asia/early Europe are going to do. Another of the carry trade dump or not.

To note another sick session in dow Jones. -50 to start, +90 to close.
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