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Cable Update (GBPUSD)

  • #18,761
  • Jul 15, 2007 6:10pm Jul 15, 2007 6:10pm
Quoting soros_junior
cable shall reach 2.5000 by middle of next year and 3.0000 by end of next year... wait and see
your 14posts shows nothing except your hatred towards USD.
If you are smart enough, right now US is gaining more than EURO countries, because of their dollar weakness.. Go think about it.

Nothing last forever and ever and your childish statement is the same.
  • #18,762
  • Jul 15, 2007 7:20pm Jul 15, 2007 7:20pm
I'm wondering: what are they thinking?

- "Too lazy, let's catch up on August only"
- "Okay, here comes a damn Monday. Let's play ball"

http://www.theolde.com/lazy_bear.jpg
  • #18,763
  • Jul 15, 2007 7:26pm Jul 15, 2007 7:26pm
Quoting cesarnc
I'm wondering: what are they thinking?

- "Too lazy, let's catch up on August only"
- "Okay, here comes a damn Monday. Let's play ball"

http://www.theolde.com/lazy_bear.jpg
They are looking at mr.yen...
  • #18,764
  • Jul 15, 2007 7:37pm Jul 15, 2007 7:37pm
I agree with zamans98

I’m from England living in Vegas and only today I have spoken to many friends in blighty, they are all business owners or command very good salaries but they all complained they are beginning to hurt from the BoE relentless hikes and increased consumer prices. Judging by this simple snapshot I cannot see Cable marching on relentlessly as it will simply destroy the exports, affect the trade balance and GDP etc etc. there is much data released this week which could see Cable gain further if the inflation data is soft in the US and hot in the UK, also if the MPC minutes are hawkish and the FMOC’s are dovish.

The dollar index is almost at the critical mark of 80 and I suspect the dollar bulls will defend it vigorously, if they fail we will enter a new era of dollar weakness but I see the USD gaining from September as manufacturing is strengthening.

If, but, when….that’s what this market is all about !
  • #18,765
  • Jul 15, 2007 7:53pm Jul 15, 2007 7:53pm
While the whole sentiment is still USD bearish, current price movements suggest that we ought to see some form of retracement. Question is all USD related pairs have been going bull for a good time...next move ought to be thought out carefully. Will it just profit taking or an all round dollar accumulation? Guess we have to keep track on the nzd and aud as well.
  • #18,766
  • Jul 15, 2007 8:09pm Jul 15, 2007 8:09pm
meanwhile....at the Oanda forum .....

"I thought the sky was gonna fall with the "sub-prime debacle" / "mortgage backed bonds implosion" / "housing and lender crisis" -- *YAWN* ...

But then I read that it's all under control because banks limited their loans to, like, 1 or 2 percent of their overall capital so there's no risk of economic failure."

------------------------------------------------------------------------------------------------------------------------------

"july 13 (Bloomberg) -- The U.S. is urging China's central bank to buy more mortgage-backed securities after a surge in defaults by risky borrowers in the world's largest economy eroded demand for such instruments."

-------------------------------------------------------------------------------------------------------------------------------

The re-sets of vaiable rate mortgages is going to be a killer. Starting in August, some $286 BILLION in mortgages will re-set to interest rates - ALL WITHIN 90 DAYS. This represents 35% of ALL outstanding ARMs.

To relate, back in Feb/March, 100 Billion of them reset.

End of their info.

Now, you know that after they reset, it takes a month or 2 before they miss their payments or are LATE making the payment (this is reported each month somewhere). Then, after 4 - 6 months, the bank starts the foreclosure process (filing papers - this figure is also reported each month). So, there is a slight time delay - we should start to see some VERY negative news starting about November/December - just in time for Christmas!

What I also learned was that last Dec. UBS was calling for 4 rate cuts for the FED. They now are not.

Also - UBS is currently calling for ECB to HIKE 2 more times this year and 2 times in the first half of 2008.
For he that would be deceived, let him.
  • #18,767
  • Jul 15, 2007 8:14pm Jul 15, 2007 8:14pm
Quoting zamans98
They are looking at mr.yen...
Hell no!

They are watching the GBP Bulls run they could not catch up and decided to goof off instead.
  • #18,768
  • Jul 15, 2007 8:19pm Jul 15, 2007 8:19pm
Quoting soros_junior
believe me... cable will never go down again... it won't visit the area below 2.0200 ever... bye-bye forever to area below 2.0000... cable has found a new playground... between 2.0300 to 2.1000... and it will stay in that area forever and ever....

You guys been staring at the ceiling. Look below you. There's no floor!
For he that would be deceived, let him.
  • #18,769
  • Jul 15, 2007 8:20pm Jul 15, 2007 8:20pm
Meanwhile UBS just fired their CEO. Related to sub-prime losses I believe.
  • #18,770
  • Jul 15, 2007 8:33pm Jul 15, 2007 8:33pm
Pooooooooooor Soros !!!

Gonna learn the hard way ???

Maybe not today or tomorrow... but it's coming !!!
  • #18,771
  • Jul 15, 2007 9:05pm Jul 15, 2007 9:05pm
There is a general complacency that selling USD and selling JPY are sure bets in this market, so never rule out big surprises when cab drivers are the ones making the big bucks.
If I Go Broke Trying Then I Will die happy.
  • #18,772
  • Jul 15, 2007 9:24pm Jul 15, 2007 9:24pm
fact is, general consencus feel that dollar has lost its worth. I have spoken to a few friends who had bought dollar at the bottom only to see their profits ridden off. Now they think that greenback is doomed. Which makes me wonder if this is an oppurtunity to buy...since no-one wants to own the dollar, it is really cheap now eh or am i just trying to be a act smart contrarian?

Is US heading for recession? How do you determine that when their stock market is bustling with vibrance? We might just see a fundamental shift eh.
  • #18,773
  • Jul 15, 2007 9:34pm Jul 15, 2007 9:34pm
sale....!!!!.....sale.....!!!!!....sale.....!!!!.....dollar On Sale....!!!!!.....buy Now...!!!!......while Stock Lasts....!!!!
  • #18,774
  • Jul 15, 2007 10:03pm Jul 15, 2007 10:03pm
Quoting cesarnc
Or do you think Iranians are dumb enough to keep shorting USDJPY?
I really hope they didnt short UJ.. or else we might not see someone driving a mercedes downtown.. but some nuke missiles going somewhere to make UJ goes down..

btw cesarnc.. are u sure bout wearing those crossdress thing?? coz u've been britney, condolezza.. and now u want to bet wearing crossdress? (u might want to rethink it again.. since i dont think u are good at gambling
  • #18,775
  • Jul 15, 2007 11:08pm Jul 15, 2007 11:08pm
Quoting soros_junior
believe me... cable will never go down again... it won't visit the area below 2.0200 ever... bye-bye forever to area below 2.0000... cable has found a new playground... between 2.0300 to 2.1000... and it will stay in that area forever and ever....
Never listen to anyone who would name themselves "soros junior" or "gates junior" etc.. You know they're full of it and are probably playing on a demo or mini account.

This guy has no clue and has probably been "studying" the FX market for all of two weeks.
  • #18,776
  • Jul 15, 2007 11:26pm Jul 15, 2007 11:26pm
Quoting 1Sundevil
Never listen to anyone who would name themselves "soros junior" or "gates junior" etc.. You know they're full of it and are probably playing on a demo or mini account.

This guy has no clue and has probably been "studying" the FX market for all of two weeks.
Market will always have these kind of people who thinks that they know the market or they can control the market.. Dig through this thread and u will find out that the only one who can do that is the Market God.. Bravado

  • #18,777
  • Jul 15, 2007 11:30pm Jul 15, 2007 11:30pm
looks like cable reaching 2.0400 by london session.... i've told u guys but nobody believe me ... by the end of the week it shall & it must reach 2.1000! yeeee haaaaaaaaaaa!
  • #18,778
  • Jul 15, 2007 11:47pm Jul 15, 2007 11:47pm
Quoting soros_junior
looks like cable reaching 2.0400 by london session.... i've told u guys but nobody believe me ... by the end of the week it shall & it must reach 2.1000! yeeee haaaaaaaaaaa!
Performing "told ya so" winning dance so fast?? She hasnt even crack through 360. Be patience my fren.. We will provide a place for ur winning dance at the end of the week.. when cable reach 2.1000..
  • #18,779
  • Jul 15, 2007 11:57pm Jul 15, 2007 11:57pm
Tough resistance at 2.0365ish (quad top). I'm thinking maybe a 100 pip drop down to the 2.0265 region for the end of the NY session.
Any thoughts?
  • #18,780
  • Jul 16, 2007 12:01am Jul 16, 2007 12:01am
I can see some buyers in this section !
byebye costly moments.
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