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Cable Update (GBPUSD)

  • #22,521
  • Aug 6, 2007 5:49am Aug 6, 2007 5:49am
and the same cow-bear after some amphetamine

http://picnac.com/thumbs/4603mad dog.jpg
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #22,522
  • Aug 6, 2007 5:50am Aug 6, 2007 5:50am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
seems like the round numbers are holding this up. GU.0300 & EU.3800 lets hope they both crack together.
  • #22,523
  • Aug 6, 2007 5:53am Aug 6, 2007 5:53am
European Market Update - UK Manufacturing and Industrial Production in Line

- The European indices are currently trading lower in the session on renewed concerns that the US mortgage market will impede economic growth. The drop in European equities follows a sell off on Friday after the CFO of Bear Stearns made some comments about the current state of the market, noting that it was the worse market that he had seen in 22 years.

- European government bonds are currently trading in positive territory in the session as market participants seek the safety of fixed income once again. Similarly, gilts are benefiting as participants roll out of equities and into fixed income.

- Italian industrial production for the month of June declined by more than expected to -0.5% m/m and -0.1% y/y from a downwardly revised 0. 8% and 0.9% respectively. The decline followed a drop in capital consumer and energy goods output.

- UK industrial production for the month of June was in line with analyst estimates at 0.1% m/m and 0.8% y/y, while manufacturing production was in line at 0.2% m/m, and fell just below the 1. 0% estimate at 0.9% y/y. Industrial production for the second-quarter rose to its highest level since the first-quarter of 2006. The office of statistics noted that there was no significant rise or fall in any of the manufacturing sub-sectors.

- German factory orders for the month of June, which were expected to decline, rose to 4.6% m/m and 15.9% y/y from downwardly revised readings of 3.0% and 7.4% respectively.

- The ECB's Constancio said in an interview with Diario Economico that was published overnight that wages are not putting inflation control at risk, adding that wage increases have been moderate. Further more Constancio said that the Euro is important when assessing price pressures, and, when asked if the ECB can intervene, Constancio replied by saying that anything is possible.
If I Go Broke Trying Then I Will die happy.
  • #22,524
  • Aug 6, 2007 5:54am Aug 6, 2007 5:54am
Quoting semar
like this?

http://picnac.com/thumbs/16cow-bear.jpg
  • #22,525
  • Aug 6, 2007 5:55am Aug 6, 2007 5:55am
Quoting MPP
seems like the round numbers are holding this up. GU.0300 & EU.3800 lets hope they both crack together.
personal oppinion, gbp will still go south. If euro falls, it won't stay long under 1.3800. look at eur/gbp
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #22,526
  • Aug 6, 2007 5:56am Aug 6, 2007 5:56am
eur/usd down, usd/chf up,
If I Go Broke Trying Then I Will die happy.
  • #22,527
  • Aug 6, 2007 6:04am Aug 6, 2007 6:04am
Does anyone have the results for:

GBP BRC Retail Sales Monitor


GBP NIESR GDP Estimate
  • #22,528
  • Aug 6, 2007 6:05am Aug 6, 2007 6:05am
check gold, is holding quite well, that means to me the euro has still got the fuell, all other comodities went south, but gold didnt...so if anyone can beat the usd or yen, its gona be the ....euro....
its just money
  • #22,529
  • Aug 6, 2007 6:10am Aug 6, 2007 6:10am
A good futures site EOD
http://www.britefutures.com/quotes/futcharts.aspx
"Millionaires don't use astrology, billionaires do"
  • #22,530
  • Aug 6, 2007 6:19am Aug 6, 2007 6:19am
Quoting winterwhite
Does anyone have the results for:

GBP BRC Retail Sales Monitor


GBP NIESR GDP Estimate
Those results are scheduled to be released tonight at 7:01pm EDT.
  • #22,531
  • Aug 6, 2007 6:21am Aug 6, 2007 6:21am
lookin for a 0364 pullback
"Millionaires don't use astrology, billionaires do"
  • #22,532
  • Aug 6, 2007 6:23am Aug 6, 2007 6:23am
Quoting OrionsWay
lookin for a 0364 pullback
Me, too, thirsty sell limit sitting and waiting there... http://www.lavinya.net/phpBB2/images...miley_rock.gif

But.... we may have seen our Monday, already
  • #22,533
  • Aug 6, 2007 6:24am Aug 6, 2007 6:24am
Quoting cesarnc
Me, too, thirsty sell limit sitting and waiting there... http://www.lavinya.net/phpBB2/images...miley_rock.gif

But.... we may have seen our Monday, already
Patience cesar, if you are bored.. hang out with free444 and soros jr. lol
Trade what you see, not what you think.
  • #22,534
  • Aug 6, 2007 6:25am Aug 6, 2007 6:25am
Quoting cesarnc
Me, too, thirsty sell limit sitting and waiting there... http://www.lavinya.net/phpBB2/images...miley_rock.gif

But.... we may have seen our Monday, already
yes i concurr, i have all shorts hedged serious profits locked in only to close for profit and ADDDDDDDDDDDDDDDDDDDDD more SHORTS
"Millionaires don't use astrology, billionaires do"
  • #22,535
  • Aug 6, 2007 6:27am Aug 6, 2007 6:27am
Quoting karmostaji
Patience cesar, if you are bored.. hang out with free444 and soros jr. lol
I'm patient. I was patient all the way up to 0450 holding shorts...

Gonna wait for NYC now to figure out what's next. I'm still selling Cable and Euro on rallies... I'm looking for anything below 0181 for the week. Will have to review my strategy in case this does not happen...
  • #22,536
  • Aug 6, 2007 6:36am Aug 6, 2007 6:36am
euppy 64.64 hot point for sells, maybe worth keeping eye out for a setup


chunnel should be good for another 40 points at least, due some time


euro projects 3862-3906
"Millionaires don't use astrology, billionaires do"
  • #22,537
  • Aug 6, 2007 6:59am Aug 6, 2007 6:59am
any comments cable will go up to 2.0430 ....
  • #22,538
  • Aug 6, 2007 7:12am Aug 6, 2007 7:12am
Two news, opposite ways, up to the NYers...

American Home Files for Bankruptcy After Shutdown (Update1)
By Bradley Keoun and Steven Church
Aug. 6 (Bloomberg) -- American Home Mortgage Investment Corp. became the second-biggest residential lender to file for bankruptcy protection this year, adding to signs that late payments have spread to homeowners with good credit records.

Full story

U.S. Stock-Index Futures Rise; Merrill Lynch, Ford Shares Gain

By Michael Patterson and Andreas Hippin
Aug. 6 (Bloomberg) -- U.S. stock-index futures rose after UBS AG raised its rating on Merrill Lynch & Co., boosting the outlook for financial firms.

Full story
  • #22,539
  • Aug 6, 2007 7:15am Aug 6, 2007 7:15am
Quoting OrionsWay
A good futures site EOD
http://www.britefutures.com/quotes/futcharts.aspx
Thanks
Interesting.

http://www.britefutures.com/charts/rad8019APrice.png
Johann Channels and cycles are everything
  • #22,540
  • Aug 6, 2007 7:42am Aug 6, 2007 7:42am
my analysis on GBP/USD:

cable might head up from current level or it might go down further.
or it might range.

but don't take my word for it.
have a look.

Attached Image
BAM BAM BOOM! -bravado
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