Disliked16:49 FF members are looking high and low for Soros Jr, longing for 2.100 for end of this week and 2.0700 by today. It has been reported that a lot newbie get caught and hit SL few minutes ago.Ignored
I'm the newbie...
Cable Update - Continued 102 replies
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cable short for gbpusd? 6 replies
Disliked16:49 FF members are looking high and low for Soros Jr, longing for 2.100 for end of this week and 2.0700 by today. It has been reported that a lot newbie get caught and hit SL few minutes ago.Ignored
Dislikeddon't worry guys... journey upwards has just resumed... we'll be seeing 2.0600 toniteIgnored
Dislikeddon't worry guys... journey upwards has just resumed... we'll be seeing 2.0600 toniteIgnored
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
DislikedDid ur father dumped u since u were kid?? if not, why are u supporting GBP?Ignored
Dislikedwow, finaly some one with wisom.
Thanx, and this is why i like ff...
i am long cable...even if i loose...i had a sound reason...not to mention the momentum and what you just explained...etc etc..
big boys have invested in gbp for sake of differentials and carry trade.....
not to mention that fed will not raise rates (most likly not for lots of reasons housing etc...stocks ...)
fed most likley give out unchanged tone
good advise.
even if it is wrong, it is the best reason i have so far heard...other than technical stufIgnored
DislikedI agree on what you said. But don't you think that the carry trade has a limits too and is very risky? Don't you think that the Cable went up to the sky high and need some correction! and if there some weak fundamentals then the BOE will cut interest rate.. UK is a small economy compared to the bigest economy in the world...Ignored
Dislikeddaily rsi above 80 --> reversal sign
(2.0130-1.9183) + 1.9662 around at 2.0570.
So;
time to correction.... GBPUSD short till 2.0050-2.0080Ignored
Dislikeddaily rsi above 80 --> reversal sign
(2.0130-1.9183) + 1.9662 around at 2.0570.
So;
time to correction.... GBPUSD short till 2.0050-2.0080Ignored
DislikedSome times i wonder if the ppl take the time to read at least the important part of the minutes.
They said... literally like this...
We raised rates to avoid rising more in the next months.
We are not thinking right now about the path for next rates.
If no one believes this... ok... buy.
If you believe... sell.
What's with the indecision after 2 hours?Ignored