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Cable Update (GBPUSD)

  • #17,481
  • Jul 6, 2007 1:07am Jul 6, 2007 1:07am
My 2nd lot is still running short @ 2.0189 SL changed to 2.0135
  • #17,482
  • Jul 6, 2007 1:15am Jul 6, 2007 1:15am
Quoting pino2
My 2nd lot is still running short @ 2.0189 SL changed to 2.0135
wow, congrats... now +99, right?
  • #17,483
  • Jul 6, 2007 1:42am Jul 6, 2007 1:42am
cable getting there...little by little...breaking all supports!!!!!!!!!
For he that would be deceived, let him.
  • #17,484
  • Jul 6, 2007 1:58am Jul 6, 2007 1:58am
It's gonna go up suddenly and suprise most of you shorts
Trade what you see, not what you think.
  • #17,485
  • Jul 6, 2007 1:59am Jul 6, 2007 1:59am
Quoting pino2
My 2nd lot is still running short @ 2.0189 SL changed to 2.0135
gratz, I am long.
  • #17,486
  • Jul 6, 2007 2:07am Jul 6, 2007 2:07am
Quoting karmostaji
It's gonna go up suddenly and suprise most of you shorts
What is your basis that cable will go up? I am short and if that happens then I'm in deepshit.
  • #17,487
  • Jul 6, 2007 2:14am Jul 6, 2007 2:14am
There is no way cable is going up all the way to 2.0200 . No more rate hikes predicted and next move is going to be on the downside [may take a while ] as housing market is cooling superfast.[know myself as a seller] Also critics saying its too early to hike rates. meaning .. no more in the foreseable future.
Happy Trading..
  • #17,488
  • Jul 6, 2007 2:15am Jul 6, 2007 2:15am
Quoting buangcla
What is your basis that cable will go up? I am short and if that happens then I'm in deepshit.
Well long term trades are definitely supporting the bulls this short SHOULD really only be a scalp. Its defititely risky, but no risk no apetite lol.
  • #17,489
  • Jul 6, 2007 2:15am Jul 6, 2007 2:15am
This is a wonderful chance to Short G/U. GU shall be down to 19800 Soon.
Give me patience
  • #17,490
  • Jul 6, 2007 2:16am Jul 6, 2007 2:16am
There is no way cable is going up all the way to 2.0200 . No more rate hikes predicted and next move is going to be on the downside [may take a while ] as housing market is cooling superfast.[know myself as a seller] Also critics saying its too early to hike rates. meaning .. no more in the foreseable future.
Happy Trading..
  • #17,491
  • Jul 6, 2007 2:30am Jul 6, 2007 2:30am
Quoting goop
There is no way cable is going up all the way to 2.0200 . No more rate hikes predicted and next move is going to be on the downside [may take a while ] as housing market is cooling superfast.[know myself as a seller] Also critics saying its too early to hike rates. meaning .. no more in the foreseable future.
Happy Trading..
Interesting , some analysts are predicting 2.0500 as the top, also , currency futures are showing rates at 6.2 for sept/dec. 6.0 will be the high in my opinion as the inflation pressures from summer 06 start to ease out of the equation. They need to cool the house market, not kill it stone dead as they have done in the US where it is on its arse. This is a delicate balancing act, the buy to let market in the UK is falling apart, look at the amount of Apartments in new builds for sale. I know a number of property guys who have houses etc empty and cant give them away. I expect rates to come down Q1 08.
  • #17,492
  • Jul 6, 2007 2:33am Jul 6, 2007 2:33am
Quoting musicman007
Interesting , some analysts are predicting 2.0500 as the top, also , currency futures are showing rates at 6.2 for sept/dec. 6.0 will be the high in my opinion as the inflation pressures from summer 06 start to ease out of the equation. They need to cool the house market, not kill it stone dead as they have done in the US where it is on its arse. This is a delicate balancing act, the buy to let market in the UK is falling apart, look at the amount of Apartments in new builds for sale. I know a number of property guys who have houses etc empty and cant give them away. I expect rates to come down Q1 08.
Musicman,

I was also reading there was a subprime concern in the UK, has that been as widespread as in the US?
Patience + Humility + Study = Success
  • #17,493
  • Jul 6, 2007 2:44am Jul 6, 2007 2:44am
Quoting DutchTrader
Musicman,

I was also reading there was a subprime concern in the UK, has that been as widespread as in the US?
Apparantly yes it is a concern. There is a real issue with personal debt in the UK and the ability to fund it. People have borrowed to fund their lifestyle from property increases and spent it on cars etc. The main difference to the US market is that we are a very small island with over 60m people which tends to underpin property values to a large extent. We also differ to Euroland in that the mojority of people want to own their home rather than rent.

Another factor in all of this is that of emigration, people with money and retiring early are getting out and going to Spain, France, Greece where the cost of living is so much lower, quality of life higher and in many cases house prices lower - hence freeing capital. They are being replaced with cheap European labour from Romania, Slovakia, and the Baltic states - people with no assets essentially.
  • #17,494
  • Jul 6, 2007 2:50am Jul 6, 2007 2:50am
First of all, at 4:30 a.m. New York time, we have UK industrial production coming out. It measures both manufacturing and mining activity in United Kingdom. It is expected to read at 0.3% versus again at 0.3% last month also so they are expecting a decent reading. In my opinion, if the industrial production reads at 0.6% or higher, it would be the highest reading in almost 2 years, and we may possibly see GBP/USD going up by 40 pips or more in the first hour of the report. On the other hand, if the industrial production reads flat 0%, we may possibly see GBP/USD going down by 40 pips or more in the first hour of the report. We may see some volatility if the deviation is only 0.2% but you have to make that judgment yourself, I may personally take an after spike trade on that but it will depend on where the price levels are.
  • #17,495
  • Jul 6, 2007 2:58am Jul 6, 2007 2:58am
Futures down 14k suggesting more to go
"Millionaires don't use astrology, billionaires do"
  • #17,496
  • Jul 6, 2007 3:16am Jul 6, 2007 3:16am
Awaiting a strong UK production reading in 15 minutes...
(At least >= 0.3)
  • #17,497
  • Jul 6, 2007 3:19am Jul 6, 2007 3:19am
Quoting OrionsWay
Futures down 14k suggesting more to go
means, more to go south?
  • #17,498
  • Jul 6, 2007 3:22am Jul 6, 2007 3:22am
Quoting persian.forex
First of all, at 4:30 a.m. New York time, we have UK industrial production coming out. It measures both manufacturing and mining activity in United Kingdom. It is expected to read at 0.3% versus again at 0.3% last month also so they are expecting a decent reading. In my opinion, if the industrial production reads at 0.6% or higher, it would be the highest reading in almost 2 years, and we may possibly see GBP/USD going up by 40 pips or more in the first hour of the report. On the other hand, if the industrial production reads flat 0%, we may possibly see GBP/USD going down by 40 pips or more in the first hour of the report. We may see some volatility if the deviation is only 0.2% but you have to make that judgment yourself, I may personally take an after spike trade on that but it will depend on where the price levels are.
Are you Felix Homogratus or are you just posting his views as your own?
No man is smart, except by comparison to those who know less!
  • #17,499
  • Jul 6, 2007 3:24am Jul 6, 2007 3:24am
Yea thats what im thinking, some demand showing its face on the lows as well, this is healthy for inhale exhale of market, so this can be overcome and they cover if they truely are selling.

the long exiting will add to the over abundant selling of order flow, causing lower prices.
"Millionaires don't use astrology, billionaires do"
  • #17,500
  • Jul 6, 2007 3:24am Jul 6, 2007 3:24am
Quoting strangemartian
Are you Felix Homogratus or are you just posting his views as your own?
same thing I tought...heheh...he is just cutting and pasting Felix e-mails !!!!
For he that would be deceived, let him.
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