: I'm going to the bank....
Me too!!
- #7,983
- Jul 5, 2007 6:16am Jul 5, 2007 6:16am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
The UK has raised rates by .25 bp to 5.75%. The market was widely expecting this move and we are now seeing some GBP/USD buyers come to market. It is interesting that the short term benchmark rate for the UK, now at 5.75% is just 50bp below that of Australia. Those looking for "carry opportunities" will potentially opt for GBP at these rates over AUD
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- #7,984
- Jul 5, 2007 6:18am Jul 5, 2007 6:18am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
If you u really own one!
Wanns borrow my car?
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- #7,986
- Jul 5, 2007 6:21am Jul 5, 2007 6:21am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
There is still more big news coming out so widen your stop loss if you don't want to get stop out...
More whipsaw is coming ..The USDJPY is still waiting for more news before moving drastically..
More whipsaw is coming ..The USDJPY is still waiting for more news before moving drastically..
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- #7,988
- Edited 6:59am Jul 5, 2007 6:26am | Edited 6:59am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
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- #7,991
- Jul 5, 2007 6:58am Jul 5, 2007 6:58am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #7,992
- Jul 5, 2007 6:59am Jul 5, 2007 6:59am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #7,995
- Jul 5, 2007 7:40am Jul 5, 2007 7:40am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
ISM Non-Manufacturing Index is due @ 10:00 am stay tune for " late fireworks"
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- #8,000
- Jul 5, 2007 3:09pm Jul 5, 2007 3:09pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I guess the market is waiting for the finally piece of news before a BIG move...The GBPJPY have been bound range for about two weeks around 248 as the HIGH and 246 as the LOW.
Non-Farm Payrolls is probably the holdup for a massive breakout from the ascending triangle formation on the 4 hr chart...
Get ready for another night of consolidation and ranging...
See everyone at the bank Friday if you are LONG
Saturday is 7/7/07 Good Luck!!!
Non-Farm Payrolls is probably the holdup for a massive breakout from the ascending triangle formation on the 4 hr chart...
Get ready for another night of consolidation and ranging...
See everyone at the bank Friday if you are LONG
Saturday is 7/7/07 Good Luck!!!
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