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Cable Update (GBPUSD)

  • #19,921
  • Jul 19, 2007 4:11am Jul 19, 2007 4:11am
H4 channel... still in the middle..
50/50 chance of breaking out of channel to zone .415
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  • #19,922
  • Jul 19, 2007 4:12am Jul 19, 2007 4:12am
Quoting zamans98
why is EU moving up +20 pips??? Hmmmm.. If EU was at 1.3800, GU = 2.0475/80
Oh..so u mean GU wont go down anything less than 2.0475/80?
  • #19,923
  • Jul 19, 2007 4:16am Jul 19, 2007 4:16am
Quoting aqibsherwani
Oh..so u mean GU wont go down anything less than 2.0475/80?
I believe so, because Uncle BEN is still in the house today.
No TIER 1 US data release for today... END OF STORY
  • #19,924
  • Jul 19, 2007 4:17am Jul 19, 2007 4:17am
What is pushing the EUR up!!!!!!
  • #19,925
  • Jul 19, 2007 4:17am Jul 19, 2007 4:17am
Quoting pino2
What is pushing the EUR up!!!!!!
EUR/GBP
  • #19,926
  • Jul 19, 2007 4:18am Jul 19, 2007 4:18am
Quoting zamans98
why is EU moving up +20 pips??? Hmmmm.. If EU was at 1.3800, GU = 2.0475/80
Because i wona see 1.4200, told ya so....I see top of this bastards @ 2.20, nothing less,...2.10 with a soros help, piece of cake,...long oil long, oil is ready to make a huge move above 80s level,..trust me,...long gold, long.
its just money
  • #19,927
  • Jul 19, 2007 4:18am Jul 19, 2007 4:18am
Quoting allserene
The retail statistics for June are a bit off but I suspect the real economy is hurting much worse

I believe 2 months of the most appalling summer weather I have ever seen will hurt farmers and the small businesses which make up the bulk of the economy. My house in the UK and everyone else's houses are not selling - there is a forest of 'for sale' signs.

These things are apparent on the street long before they hit government statistics.

So I believe the UK economy will slow but inflation can be independent of economic activity in the short term so I reckon the interest rate hike is still coming - the inflation numbers are too strong to do otherwise.

But this GBP/USD story is certainly not based on the UK economy's strength - its all about interest rates and they are going up ...
It's nice to hear someones view that actually lives there, here is what I think: The market will overreact and reach 2.11, maybe, highly unlikely 2.35 that's the cap. If you see signs already that there are a lot of houses and they are not selling, rather soon the people will not be able to afford their mortgages, here comes foreclosures, bad credit, basically the same story with the housing and credit as in the US, the rates will have to come down to a more sustainable levels and we shall see a multi year downtrend for the pound. But that's looking really far ahead...
  • #19,928
  • Jul 19, 2007 4:19am Jul 19, 2007 4:19am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting pino2
What is pushing the EUR up!!!!!!
This might have something to do with it, yet to understand this type of news.

09:12 FX OPTIONS: EUR/USD Good Size Buying of the 1-Week at 5.25% London, July 19. A dealer reports that 1-week ATM option strikes have traded at 5.25 pct in a cumulatively estimated E350mn so far this morning, and that the source of the buy interest (some of which has been paid direct) has more to do.
At the back of the curve: a 6-mth ATM strike has reportedly traded at 5.7 pct, with a 1-year ATM strike going through at 6.05 pct. The 1-year is currently 6.0/6.1. [email protected]
  • #19,929
  • Jul 19, 2007 4:19am Jul 19, 2007 4:19am
Quoting zamans98
why is EU moving up +20 pips??? Hmmmm.. If EU was at 1.3800, GU = 2.0475/80
Cause they are not deadlocked .
Look into EURUSD , they are trying to push above 1.3840 , and keep Up trend alive and kicking (check EURGBP)
  • #19,930
  • Jul 19, 2007 4:30am Jul 19, 2007 4:30am
Quoting pino2
What is pushing the EUR up!!!!!!
04:54 AM German DAX up .88%
  • #19,931
  • Jul 19, 2007 4:31am Jul 19, 2007 4:31am
Another long executed at 507 targetting 537.
  • #19,932
  • Jul 19, 2007 4:32am Jul 19, 2007 4:32am
Quoting krishna
thanks for compliments,

one more trade suggestion golden oppurtunity,

sell aud usd at .8800 n take profit at .8720

audusd is always my favourite,i m on the trade n wil let u why if i get my profit,
n also it will be urs too when i will explain u why it is my facourite,

lord of fx"
I took that trade on AUD/USD, just to see if you are right. No stop loss, TP as you suggested. However if by chance I will see 30 - 35 pips profit I will take out half of the lot and move the SL to break even.

I wonder what is your prediction based on. Thanks!
  • #19,933
  • Jul 19, 2007 4:34am Jul 19, 2007 4:34am
Quoting Flame
04:54 AM German DAX up .88%
Flame .. where did you get this info
  • #19,934
  • Jul 19, 2007 4:38am Jul 19, 2007 4:38am
Quoting pino2
What is pushing the EUR up!!!!!!
Some people still haven't heard of EURGBP even after all my posts on it


P.S. There is no tangible correlation between the DAX and the USD.
Trust price. Know yourself.
  • #19,935
  • Jul 19, 2007 4:41am Jul 19, 2007 4:41am
Quoting SeekingLight
Some people still haven't heard of EURGBP even after all my posts on it


P.S. There is no tangible correlation between the DAX and the USD.
What do you mean by still haven't heard of EURGBP, and where are your posts on it
  • #19,936
  • Jul 19, 2007 4:42am Jul 19, 2007 4:42am
Quoting henrycarol
Tell me more pls?

Maybe it goes down to below 2.0300s...then you will stop calling it to go up?

LOL.
In my believe, the American Economy is strong, (look at the stock market, is not bad at all) I live in USA and I see the economy clearly. there is no problem down here. The housing problem which they talk about it happend because of two reasons
1.There is over supply; 130 residential units for 300 millions:
Means every two people (about) share one unit. while in Europe and Japan every 3 to 5 people share one unit
2. The low interest rate and the easy loans process introduced to the housing market unqualified buyers-unable to pay the mortgages. So the housing problem in USA is an independent problem that should not have a big effect on the economy.
What Bernark said yesterday; just to drop the responsibility off his shoulders and in my believe, he must raise the interest rate to its old level (5.75%) to protect the dollar and that will not hurt the housing market.
The dollar now is not weak, it just under attack and will wake up again I think.
  • #19,937
  • Jul 19, 2007 4:44am Jul 19, 2007 4:44am
Quoting aqibsherwani
Another long executed at 507 targetting 537.
Make sure you have an SL ready. It wont touch 537 anymore.
  • #19,938
  • Jul 19, 2007 4:46am Jul 19, 2007 4:46am
Quoting zamans98
EUR/GBP
I notice that...
  • #19,939
  • Jul 19, 2007 4:48am Jul 19, 2007 4:48am
Gold has a little upside maybe but around 600 by year end me thinks
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"Millionaires don't use astrology, billionaires do"
  • #19,940
  • Jul 19, 2007 4:51am Jul 19, 2007 4:51am
If DOW = 14,000, our thread is coming to 20,000 mark..

WHO WILL POST THE 20K post??
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