Cable Update (GBPUSD)

but stocks rally

...and hardly any movement in gpb/usd

they always seem to rally what ever

my take on statment

Inflation remains an issue but not as much as an issue as last month because FED dont think its an issue that inflation moderates in an inflationary environment remains elevated.

Thats what I get

Forget the dollar, cash is in the carries...

Stocks soaring.

no comments REALLY!

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

Economic growth appears to have been moderate during the first half of this year, despite the ongoing adjustment in the housing sector. The economy seems likely to continue to expand at a moderate pace over coming quarters.

Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.

In these circumstances, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic 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 reason to sell or buy cable, I think we will stay in range 50 pips for few months.

The only difference in this statment and last months was the omission of the word elevated in reference to inflation. It seems to me its a case of wait and see what economic reports show with regards to inflation. Not out of the rate hike woods yet I think.

Stocks have risen but so have T-notes, a bit of confusion so far

for me this increases the volatility (which is good). and i am still short waiting for .9730-50

We have waited a week with these shorts so lets hope cable responds accordingly

this has actually reassured me. down we go. first to .9850. then to .9730. after that, i will pause and reflect

OK SHORT now

what's your draw down so far.

Who can believe that there was a FOMC announcement today, before the news the prices were playing in the range of 2.0006 - 2.0021, and after the news we didn't see any difference

beg your pardon?

They say nothing! and that what I expected yesterday.

SHORT

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thought you took shorts below 2.000 and have been building it.

torti is sleeping

C'mon, people, start posting again. Prayer does not work here

bought at .0018, starting to regret that now. my comfort is my short position in usd/cad.

what do you guys think about cable and tomorrow?