Cable Update (GBPUSD)

Quoting Turtle

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Over the long haul it's been going up, but this week it has been ranging...High 2.0046, Low 1.9927 that is only 119 pips, we use to do that in one day.

Just my thoughts...

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Quoting el_duende

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I tell ya cables been pants lately but another pair gets the crown for most annoying and it is USD/CHF. Ive been long for a week and im still at breakeven.

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Quoting pablorpl

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So I suggest that you check on your broker's financial capability by going to this link.
http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf

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Quoting el_duende

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leaked FOMC statement

Wednesday June 28, 2007FOMC Statement
Source: Federal Reserve Board

Washington, DC - The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.

Tree growth slowed in the first part of this year and the adjustment in the tree house sector is ongoing. Nevertheless, the tree seems likely to expand at a moderate pace over coming quarters.

Mrs Miggin’s cat remains somewhat elevated in a tree. Although the cat pressures seem likely to moderate over time, the risk is it may fall to the downside. A high level of resource utilization has the potential to help the cat.

In these circumstances, the Committee's predominant policy concern remains the risk that the cat will fail to survive as expected. Future policy adjustments will depend on the evolution of the outlook for both cat mortality and tree growth, as implied by incoming information.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Cathy E. Minehan; Frederic S. Mishkin; Michael H. Moskow; William Poole; and Kevin M. Warsh

No doubt the real statement will be along those lines or mpore ridiculous!

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Quoting Plutonite

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Same here. Sons of *&%^%#@!! Somebody must buy something from china sooner or later! Everything in the world is made in china, including human beings...how the hell can a whole week go by without a big market order? Arggghh!!

Anyway, everybody waiting for Bernanke the Beautiful. If the US news doesn't cause a shakout of this stupid range, I will be very unhappy, and by unhappy I mean suicidal.

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Quoting Plutonite

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Same here. Sons of *&%^%#@!! Somebody must buy something from china sooner or later! Everything in the world is made in china, including human beings...how the hell can a whole week go by without a big market order? Arggghh!!

Anyway, everybody waiting for Bernanke the Beautiful. If the US news doesn't cause a shakout of this stupid range, I will be very unhappy, and by unhappy I mean suicidal.

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Quoting el_duende

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free4440273 is your avatar a picture of Bernanke before he has shaved

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Quoting pablorpl

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hi fellows, I received this message on my email (known source)

"
NFA has been coming down pretty hard on the forex industry lately. They have shut down 4 brokers so far this month, due to fraud and/or lack of funding, and they are just warming up.

As far as I know, and I may be wrong, but the names of the brokers that were shut down in June are the following:
FX Option Inc.
Spot FX Clearing Corporation
Trend Commodities Limited
United Global Markets
You can search them on google to find the website address. Again, if I am wrong about any of these firms, I apologize.

I've been receiving information from some reliable sources, but it's not confirmed yet, but it seems like NFA will shut down any broker that has less than $5 million in funds. I am not sure of the exact time frame, but it seems like in the next month or two. That's not the real problem. The real problem is that I believe some of these bucketshops are not well managed, and when the time comes that they have to go out of business and give all the money back to their clients, they may not have enough. Or even if they do, it's entirely possible that some of their CEOs may run away with the funds offshore. So I suggest that you check on your broker's financial capability by going to this link.
http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf
Don't get me wrong, I do believe that some serious firms that currently don't have enough funds could get enough funds to meet the requirements, but I do think that your safety of funds in some smaller firms could be under risk.

The rumor on the street that NFA will raise capital requirement to 9 million by end of this year, but it's still a rumor. If that happens, I am sure we'll have most small forex brokers go out of business, and we'll probably only have 15 or 20 left, which I think is a good thing.

Anyway, check your broker through the link above, and if you feel you could be at risk, perhaps consider taking your money, before it's too late, and the avalanche starts.

I think this is a very important heads up, and I want to make sure that my subscribers like you are taken cared of before everyone else, so don't post this on any forums, until your own funds are secure..."

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Quoting free4440273

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is this what you call 'Beautiful'?

http://msnbcmedia.msn.com/j/msnbc/Co...d_8a.widec.jpg

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Quoting cesarnc

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Looks like the stars have "404-not found" on you

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Quoting Carolyn

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I read some Brokers are trying to merge with large banks.

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Quoting raytracy

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I cannot find my broker (FXDD, FXDirectDealer LLC) within this document. Is it under risk?

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Quoting pablorpl

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Maybe is Offshore broker

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Quoting pino2

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Excuse me it's only 114 pips this week
The week's high : 2.0041 (not 2.0046), 2.0041 (spreads excluded)
The week's low: 1.9927
The difference: 114 pips range

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Quoting pinchapip

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"New chancellor announced in UK is Alistair Darling, last seen in Gordans behind. So we now have 2 scots in the most important jobs ruling the English. "


welcome to the club buddy...here we have a Texan running the White House!!!!

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