Cable news not that good
I am going short for now
I am going short for now
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedLooks like we should have sung more hare hare
This is how the song goes
Hare Krishna Hare Krishna Krishna Krishna Hare Hare Hare Rama Hare Rama Rama Rama Hare Hare
Everybody sing along!
http://upload.wikimedia.org/wikipedi.../6Singing2.jpg
*waits patiently for 2.06xx in the meantime*Ignored
Disliked6-3 vote was expected, that's why the selloff, now we need to see what Bernanke will say this morning... Immediate support on the cable is at 420 as well as S1 support, need to break below for a sign of a sustained correction furtherIgnored
DislikedOkay, since I can't believe what sort of fluff people are tossing around, here's my as always super simplified view of the world:
Central Bank Rates
NZD 8.00%
AUD 6.25%
GBP 5.75%
USD 5.25%
CAD 4.50%
EUR 4.00%
CHF 2.50%
JPY 0.50%
(Source: DailyFX)
Now.
What is 5.75 - 5.25 = ?
Do you want to MAKE the difference or do you want to LOSE it?
Make money or pay money?
Which side is it better to be on?
Now move on to carry trades:
Against CHF: 5.75 - 2.5 = your interest earned
Against JPY: 5.75 - 0.5 = your interest earned
Would you rather make or pay the interest day in day out?
Do you think banks that hold these positions for weeks, months, years want to lose or make money?
This is all the fundamental information you need for the most part +- the chance of these numbers changing in the foreseeable future.Ignored