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Cable Update (GBPUSD)

  • #18,641
  • Jul 13, 2007 9:10am Jul 13, 2007 9:10am
Just a small pull back.

Still in longs.....

Didn't do much to convince me to take a short yet.

Better....stay out
  • #18,642
  • Jul 13, 2007 9:10am Jul 13, 2007 9:10am
Quoting allserene
isn't it strange how some bad news on US sales boosts the GBP/UDS but the DOW keeps on going up too ? (perhaps because cable goes up ?)....

when the dollar gets to 3.0000 the dow will be 20,000 ?

messrs simon and garfunkel had it right

'A man hears what he wants to hear and disregards the rest'

So it's 50% fun + 50% mental = fundamental and I bet it always was...

housing crashing and credit cards maxed out but the DOW doesn't care - its all going UP !
A weak currency is actually very good news for a country's economy longer term as experienced by the UK in the mid '90s and Japan before that. The simple reason is that weak currency makes the countrys companies goods more competitive in international markets and therefore boosts company sales and profits. A strong currency has the reverse affect -it makes goods less competitive, reducing sales and therefore company profits and the countrys future growth and prospects. Hence the reason the US Goverment is welcoming -or at least doing nothing to hinder the decline of the $USD. Overall the result should be a big boost to the US economy and much needed reduction in the Trade balance deficit....
  • #18,643
  • Jul 13, 2007 9:10am Jul 13, 2007 9:10am
It seems like the market want to tell us something ...
  • #18,644
  • Jul 13, 2007 9:10am Jul 13, 2007 9:10am
Quoting cesarnc
Market is wierd... There is a rabbit in that hat
Might be
However, that won't change the fact I'm going fishing

What about you mate? Still in the trade?
  • #18,645
  • Jul 13, 2007 9:12am Jul 13, 2007 9:12am
Quoting Dexis
Consumer sentiment better than expected. DUH, time to close positions and go fishin'
ok thanks honey !
byebye costly moments.
  • #18,646
  • Jul 13, 2007 9:12am Jul 13, 2007 9:12am
Quoting petersurrey
A weak currency is actually very good news for a country's economy longer term as experienced by the UK in the mid '90s and Japan before that. The simple reason is that weak currency makes the countrys companies goods more competitive in international markets and therefore boosts company sales and profits. A strong currency has the reverse affect -it makes goods less competitive, reducing sales and therefore company profits and the countrys future growth and prospects. Hence the reason the US Goverment is welcoming -or at least doing nothing to hinder the decline of the $USD. Overall the result should be a big boost to the US economy and much needed reduction in the Trade balance deficit....

It also means the US markets are a better value to invest in, since for every pound a British investor puts into a US equity, he's getting double value over his native equities.
  • #18,647
  • Jul 13, 2007 9:12am Jul 13, 2007 9:12am
Quoting Dexis
Might be
However, that won't change the fact I'm going fishing

What about you mate? Still in the trade?
Yes... There is a RABBIT in the hat. So I'm not going fishing. I'm cutting the dogs lose...
  • #18,648
  • Jul 13, 2007 9:13am Jul 13, 2007 9:13am
Now, the Dollar's weak news can means nothing (because already burned) The good news, will be good for the dollar and will left it up

==================
  • #18,649
  • Jul 13, 2007 9:16am Jul 13, 2007 9:16am
any forcast ? any system , any idea about GBP USD ?
byebye costly moments.
  • #18,650
  • Jul 13, 2007 9:21am Jul 13, 2007 9:21am
Quoting thegunslinger
It also means the US markets are a better value to invest in, since for every pound a British investor puts into a US equity, he's getting double value over his native equities.
Not if the USD keeps going down...
  • #18,651
  • Jul 13, 2007 9:23am Jul 13, 2007 9:23am
No.. You should let Elmer hunts Bugs Bunny...Siwwwy Wabbit!!
Quoting cesarnc
Yes... There is a RABBIT in the hat. So I'm not going fishing. I'm cutting the dogs lose...
  • #18,652
  • Jul 13, 2007 9:28am Jul 13, 2007 9:28am
whoops....
Attached Image
  • #18,653
  • Jul 13, 2007 9:40am Jul 13, 2007 9:40am
Quoting venci
whoops....
  • #18,654
  • Jul 13, 2007 9:41am Jul 13, 2007 9:41am
damn gbp usd ... damn should go up in this week ...
byebye costly moments.
  • #18,655
  • Jul 13, 2007 9:45am Jul 13, 2007 9:45am
bulls, still sure about 0400 today ?
  • #18,656
  • Jul 13, 2007 9:46am Jul 13, 2007 9:46am
Looks like party is over....

Breack of 0364 today demands A LOT of witches, I don't think this Friday can handle.

So far triple top in place, odds favor the old due retracement....
  • #18,657
  • Jul 13, 2007 9:50am Jul 13, 2007 9:50am
Quoting manu.aquetdju
bulls, still sure about 0400 today ?
If not today...next week.



I load up more longs on e/u and g/u already

Shorted again on usd/chf

Byebye Dollar.
  • #18,658
  • Jul 13, 2007 9:53am Jul 13, 2007 9:53am
Quoting henrycarol
If not today...next week.



I load up more longs on e/u and g/u already

Shorted again on usd/chf

Byebye Dollar.
btw u play DOTA ?
  • #18,659
  • Jul 13, 2007 9:55am Jul 13, 2007 9:55am
Quoting cesarnc
Looks like party is over....

Breack of 0364 today demands A LOT of witches, I don't think this Friday can handle.

So far triple top in place, odds favor the old due retracement....
Hi cesarnc , do you think to go up to 2.03800 in next week ?
byebye costly moments.
  • #18,660
  • Jul 13, 2007 10:01am Jul 13, 2007 10:01am
I think that the dollar is going to go down even further, we just got to get past this weeks high and then it should hit 2.03400 and beyond.
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