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Cable Update (GBPUSD)

  • #21,181
  • Jul 25, 2007 7:08pm Jul 25, 2007 7:08pm
TrendMedium is here
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  • #21,182
  • Jul 25, 2007 7:27pm Jul 25, 2007 7:27pm
The Commerce Department will probably report tomorrow that the U.S. economy grew an annualized 3.2 percent in the second quarter, the most since the first quarter of last year, according to the median forecast of 84 economists surveyed by Bloomberg News.
http://www.bloomberg.com/apps/news?p...r3Q&refer=home
  • #21,183
  • Jul 25, 2007 7:48pm Jul 25, 2007 7:48pm
questtrader http://www.forexfactory.com/images/s...er_offline.gif vbmenu_register("postmenu_1508274", true);
Junior Member
Join Date: Jun 2007
Posts: 15
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but why kiwi also going south...???

since it is a good news for kiwi...


The NZD is going lower despite the interest rate increase because Governor Bollard closed the door to future interest rate rises.
  • #21,184
  • Jul 25, 2007 8:00pm Jul 25, 2007 8:00pm
You don't have to copy and paste to reply to a previous message.

Just "click" the quote button on lower right.
  • #21,185
  • Jul 25, 2007 8:06pm Jul 25, 2007 8:06pm
Cheers mate. I've only just woken up!
  • #21,186
  • Jul 25, 2007 8:33pm Jul 25, 2007 8:33pm
And I'll be heading to bed shortly. As the world turns.
  • #21,187
  • Jul 25, 2007 8:49pm Jul 25, 2007 8:49pm
Quoting wwwin
No se venden en Espana. Y 300,000E por esa mierda. La cosa esta jodia por todos los lados.
Ai...ai ...ai...que venga viver en America hermano !!!!!!!http://www.forexfactory.com/images/icons/icon10.gif

Well...maybe thats not good advice..anyways..with or without problems... Europe is always good.... well... I'm biased on this subject since I LOVE EUROPE !!!!!!!!!!!!!
For he that would be deceived, let him.
  • #21,188
  • Jul 25, 2007 9:53pm Jul 25, 2007 9:53pm
Hi guys

looks like the dip is heading lower, this H4 bar is the first one into tokyo so too early to tell, but the price action is smelling like a big bad bear waiting to happen. I'm entering short with a VERY tight SL..unwinding like this should not produce noise on the charts but should be straightforward. We'll see, wont we.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #21,189
  • Jul 25, 2007 10:01pm Jul 25, 2007 10:01pm
Quoting Plutonite
Hi guys

looks like the dip is heading lower, this H4 bar is the first one into tokyo so too early to tell, but the price action is smelling like a big bad bear waiting to happen. I'm entering short with a VERY tight SL..unwinding like this should not produce noise on the charts but should be straightforward. We'll see, wont we.

Good luck.
This could be interesting up until the NY open......

Almost feels like something is about to happen...

Just my two pips...
  • #21,190
  • Jul 25, 2007 10:13pm Jul 25, 2007 10:13pm
I like what I see, not as much as yesterday's pics, but still pleasing to the naked eye
  • #21,191
  • Jul 25, 2007 10:29pm Jul 25, 2007 10:29pm
Quoting wwwin
I like what I see, not as much as yesterday's pics, but still pleasing to the naked eye
Let's see what happens once these folks from Asia get back from lunch in about 30 minutes...
  • #21,192
  • Jul 25, 2007 10:36pm Jul 25, 2007 10:36pm
Looks like no trade so far.. even though cable looks bearish on the daily..
Waiting for a break below 2.0485 to go short..
  • #21,193
  • Edited Jul 26, 2007 12:17am Jul 25, 2007 11:37pm | Edited Jul 26, 2007 12:17am
I trade the Vegas Tunnels and right now the Cable is just below the tunnel at 2.0508. I think it is going to hover around the tunnel for most of the 26th and possibly the rest of the week. I do think we are about to see this currency go Bear on us. I won't go short until 2.0465 is broken

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  • #21,194
  • Jul 26, 2007 1:06am Jul 26, 2007 1:06am
let the fall begin.... Nicely bad data for UK... 2.0492 at the moment but I am not sure if it will succeed to fall further before US data is released later today.
  • #21,195
  • Jul 26, 2007 1:06am Jul 26, 2007 1:06am
UK's houses prices came out lower than the expectations
Cable will drop. next point 0460
  • #21,196
  • Jul 26, 2007 1:09am Jul 26, 2007 1:09am
Nice, come to 470 first...
  • #21,197
  • Jul 26, 2007 1:10am Jul 26, 2007 1:10am
Quoting ndvt241
UK's houses prices came out lower than the expectations
Cable will drop. next point 0460
Serve them right. Next month go and raise the interest rate to 6.50%.
By Jan 08, we can see 1.85000
  • #21,198
  • Jul 26, 2007 1:16am Jul 26, 2007 1:16am
Quoting zamans98
Serve them right. Next month go and raise the interest rate to 6.50%.
By Jan 08, we can see 1.85000
If US new houses come out better than the expectations.. .. of sure we gona see the 2.02
  • #21,199
  • Jul 26, 2007 1:19am Jul 26, 2007 1:19am
around 2.0486 there seems to be a support. Though i did not have this level as support in my works. But still I am confident since the pair broke 2.0500 by 15 pips. 2.0300 is my aim by tuesday.
  • #21,200
  • Jul 26, 2007 1:19am Jul 26, 2007 1:19am
Quoting ndvt241
If US new houses come out better than the expectations.. .. of sure we gona see the 2.02
Not so fast. NFP coming up in 2 weeks time. Only by then, we can expect 2.02
Even the data comes out in a positive region, the worst one can expect is 2.0375.
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