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Cable Update (GBPUSD)

  • #19,401
  • Jul 17, 2007 7:55pm Jul 17, 2007 7:55pm
Yea they need to push it for all its worth before they snap its scrawny little neck LOL
"Millionaires don't use astrology, billionaires do"
  • #19,402
  • Jul 17, 2007 7:58pm Jul 17, 2007 7:58pm
read
Posts: 115

all depends on boe and fed and cpi..

breach upper channel or come down to #6 =2.03

Pipology 101 student
  • #19,403
  • Jul 17, 2007 8:04pm Jul 17, 2007 8:04pm
itsssss funny

i dont have a use for fibs...wiered.
Pipology 101 student
  • #19,404
  • Jul 17, 2007 8:09pm Jul 17, 2007 8:09pm
The dollar fell to a record low against the euro after Bear Stearns Cos. reported hedge fund losses, fueling speculation the Federal Reserve will cut interest rates to support the economy.
http://bloomberg.com/apps/news?pid=2...eXg&refer=home
  • #19,405
  • Jul 17, 2007 8:12pm Jul 17, 2007 8:12pm
Bear Stearns Cos. told investors in one of its hedge funds that they won't get any money back after creditors forced it to sell assets at depressed prices, according to a letter sent by the firm.
http://bloomberg.com/apps/news?pid=2...vJ0&refer=home

Soros may be correct about tomorrow
  • #19,406
  • Jul 17, 2007 8:22pm Jul 17, 2007 8:22pm
Quoting wwwin
The dollar fell to a record low against the euro after Bear Stearns Cos. reported hedge fund losses, fueling speculation the Federal Reserve will cut interest rates to support the economy.
http://bloomberg.com/apps/news?pid=2...eXg&refer=home
thanx

interesting
Pipology 101 student
  • #19,407
  • Jul 17, 2007 8:24pm Jul 17, 2007 8:24pm
GBPUSD @ 3.0000
EURUSD @ 2.0000
USDCAD @ 0.7500
NZDUSD @ 1.2500
AUDUSD @ 1.5000

OIL @ $150 a barrel
USD Index @ 25

the future is bleak...

ps. USD is getting so weak, reward money for the head of Osama is now USD50M.
they should simply just change the currency to EUR - i bet there will be more takers.
  • #19,408
  • Jul 17, 2007 8:26pm Jul 17, 2007 8:26pm
if he's soros junior then who is soros senior? is it the real soros? if thats the case then he's getting all his projection from senior right. maybe there is truth to his projection.
  • #19,409
  • Jul 17, 2007 8:27pm Jul 17, 2007 8:27pm
Quoting BurgerKing
GBPUSD @ 3.0000
EURUSD @ 2.0000
USDCAD @ 0.7500
NZDUSD @ 1.2500
AUDUSD @ 1.5000

OIL @ $150 a barrel
USD Index @ 25

the future is bleak...
Maybe people will only afford Burger King instead of Smith & Wolensky
  • #19,410
  • Jul 17, 2007 8:32pm Jul 17, 2007 8:32pm
If that is the future of USD, the rest of the world will be worse off than that. the domino affect would destroy capitalism globally
"Millionaires don't use astrology, billionaires do"
  • #19,411
  • Jul 17, 2007 8:33pm Jul 17, 2007 8:33pm
GJ drag GU down a little...

UJ soon hit 121.45-50 today.
  • #19,412
  • Jul 17, 2007 8:34pm Jul 17, 2007 8:34pm
come on 500 damn touch it already. the anticipation is killing me. thats my stoploss. i just want to lock in my profit is all. let it be done.
  • #19,413
  • Jul 17, 2007 8:36pm Jul 17, 2007 8:36pm
Quoting zamans98
GJ drag GU down a little...

UJ soon hit 121.45-50 today.

i think its the u/yen thats dragging the yen crosses down. it soo weak that even the weak yen is stronger than the dollar. thats a disgrace.
  • #19,414
  • Jul 17, 2007 8:48pm Jul 17, 2007 8:48pm
Quoting treadline
if he's soros junior then who is soros senior? is it the real soros? if thats the case then he's getting all his projection from senior right. maybe there is truth to his projection.
Yeah maybe. NOT.

He has made exactly one good call. And in the right direction too. Wopee. You know the way that cable has been going overall for years. Against a very weak currency USD.

Really hard to do for some I guess.
  • #19,415
  • Jul 17, 2007 8:51pm Jul 17, 2007 8:51pm
Quoting SunTrader
Yeah maybe. NOT.

He has made exactly one good call. And in the right direction too. Wopee. You know the way that cable has been going overall for years. Against a very weak currency USD.

Really hard to do for some I guess.

ya your right its easy to see that the pound is rallying. doesnt take a genious to see that. i was just kidding about that statement though.
  • #19,416
  • Jul 17, 2007 8:53pm Jul 17, 2007 8:53pm
Quoting treadline
i think its the u/yen thats dragging the yen crosses down. it soo weak that even the weak yen is stronger than the dollar. thats a disgrace.
lol, of course it is. UJ --> GJ ---> GU hit a little
  • #19,417
  • Jul 17, 2007 8:54pm Jul 17, 2007 8:54pm
Sterling powers through 2.04 level today and surges to as high as 2.0474 so far. Rally from 1.9621 is still in force and at this point, as long as 2.0348 support holds, further rise is expected to be seen towards next upside target of 100% projection of 1.9183 to 2.0132 from 1.9621 at 2.0570. However, as bearish divergence could continue to stay in 4 hours MACD and RSI, a break below 2.0348 support will argue that a short term top is possibly formed and bring pull back to 4 hours 55 EMA (now at 2.0262) first. But downside should be contained by 2.0056 support and bring another rise.

In the bigger picture, the sustained break of 2.0207 projection target confirms underlying upside momentum is still strong. Also, it added much credence to the case that whole up trend from 1.7047 is resumption of multi-year up trend from 1.3680. In such case, further rally should then be seen to 61.8% projection of 1.3680 (01 low) to 1.9554 (05 high) from 1.7047 (05 low) at 2.0677 first.

Having said that, even in case of a short term correction, downside should be contained above 1.9783 resistance turned support and bring medium term rally resumption. Also, break of 1.9862 low is needed to indicate a medium term top is formed and turn outlook neutral. Otherwise, medium term outlook will remain bullish.
  • #19,418
  • Jul 17, 2007 9:00pm Jul 17, 2007 9:00pm
Quoting wwwin
The dollar fell to a record low against the euro after Bear Stearns Cos. reported hedge fund losses, fueling speculation the Federal Reserve will cut interest rates to support the economy.
http://bloomberg.com/apps/news?pid=2...eXg&refer=home
I don't know about the euro but the folks that borrowed yen to buy dollars to invest in bear sterns just got their goose cooked and if these carries unwind, out of the frying pan into the fire
  • #19,419
  • Jul 17, 2007 9:28pm Jul 17, 2007 9:28pm
Quoting wwwin
The dollar fell to a record low against the euro after Bear Stearns Cos. reported hedge fund losses, fueling speculation the Federal Reserve will cut interest rates to support the economy.
http://bloomberg.com/apps/news?pid=2...eXg&refer=home

OMG......what have I done to deserve thiis ...what iis happening to the Mighty Dollar.... ...I'm so dissappointed with Benny's speeches...and i dont see any change for the better....Greenspan was far way better....hes Intellegence was better than his Iq....Bernanke is such a sissy....nerd.....idiot....fool....etc...etc.... #%&* this shyt.......I should have kept my money in HK....I really regret..... ....Investing in the US is now a RISKY BUSINESS

I dont even buy it that the TIC data came out good....its all false statements...@#%&* .....and the US have just lost me as a potential Investor...@$&*
  • #19,420
  • Jul 17, 2007 9:35pm Jul 17, 2007 9:35pm
be nice to be able to hit this with 4, 20 billion market sell orders this very minute. UK is turning into slug euro 3 pip movement per hour LOL
"Millionaires don't use astrology, billionaires do"
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