Cable Update (GBPUSD)

refco has a canadian entity i believe

Do you see reverse here ?

Well.. if im a third class trader.. u must be a fourth class trader who always need to look for someone else's calls to make a trade. At least i trade what i see and i dont need other people's opinion to back my own. If u want others to comment on ur analysis, post ur chart analysis.. give out your reasons.. and we will give our opinions. Not by blindly asking for calls.. Good luck for ur trade.

a close above 2.0327 at hourlies will most probably give us long signal... however so far still aiming for short but definitely not opening an order before the news releases.

nobody is tipping their hands atm, except that professionals are sitting in the grassy knoll like a brude of vipers waiting to strike

its gonna be a very tricky day... I am worried. But today there might be severe changes in eurusd, cable, and all the yen crosses against major currencies... They are all in short term downtrend and today they all might change. Interest rates from GB and Europe. big day.

I currently have a short order at audusd. I had to close it earlier but did not. Will see how the news effect Aussie pair.

actually i think that todays action will clean stops both sides and drift higher in a soft manner until tomorrow where they will slay the bull for a feast

today will be setting up for tomorrow and whats to follow

i wish so i can free my buying

chunel suggesting cable weakness atm

If we won't see any rally today..... so 99% it will be tommorow

BOORING...

Short cable short http://www.lavinya.net/phpBB2/images...miley_rock.gif

- The European indices are currently trading positive territory following a series of strong earnings reports ahead of the open.

- European government bonds are currently trading slightly lower in the session following a reversal in Treasuries after US equities made a comeback late yesterday. Similarly, over in the UK, gilts are trading slightly lower as well.

- In the UK overnight, Halifax house prices for the month of July, which were expected to decline from June's readings, rose to 0.7% m/m and 11.2% y/y, the highest y/y reading since February of 2005. Despite the unexpected rise, Halifax noted that the data confirmed that growth in house prices is slowing down as the readings continue to rise at a decreasing pace. Despite this, Halifax revised its 2007 price inflation forecast to 6% from the previous forecast of 4%.

- The net change in Spanish unemployment for the month of July was 4.5K, below estimates of 6.8K. This is the first time that registered unemployment rose in six months. The number of those claiming unemployment benefits rose by approximately 4,469 or 0.2% according to the Labor Ministry. Do recall, however, that on July 27, the release of second- quarter unemployment came in at 7.95%, the lowest in 29 years.

- Swedish preliminary second-quarter GDP rose by more than expected to 1.0% m/m and 3.6% y/y, from first-quarter readings of 0.6% q/q and 3.0% y/y respectively.

- The Swiss SVME PMI for the month of July, which was expected to decline, rose to 63.0 from 62.8 in June. The reading was the highest in five months as companies increased output in an attempt to keep pace with demand.

Construction PMI in the UK, which was expected to decline, rose to 61.8 in July from 60.1 in June.

- Euro-Zone producer prices for the month of June, which were expected to remain unchanged m/m at 0.3%, declined to 0.1%m/m and remained unchanged y/y at 2. 3%. The m/m followed weak intermediate and energy goods prices.

I am SO praying for dollar to gain value all over the world...

LAME......

Hi Cesar


where do you think will be a good place for SL ?

short cable would be tomorrow on payrollz, but not now

All traders should have this bookmarked for future projections of economies. This group projected canada as top growing country overall about 3-4 years ago and today, well chart tells that story. Good fundamental study group http://www.oecd.org/countrieslist/0,..._1_1_1,00.html

When UK rate is not changed this means to short as of previous statements, I can't believe that instead of going down, it's still trying to go up now

I-)