Cable Update (GBPUSD)
looks like the price going up... slowly...
looks...lets start with LONG EUROPE LONG...LONG MARKA, LONG LIRA, LONG FRANKY, LONG PEZETA; LONG B, LONG NL, LONG A, LONG SLO...or just LONG....SARKOZY 366....GOGO.......SHORT UTAH, SHORT MINESOTA; SHORT CHICAGO, SHORT IRAQY, SHORT HAWAii..or just SHORT BUSH...gogo
long golg long.
(...)
``The situation is gradually normalizing,'' said Jose Luis Alzola, director of economic and market analysis at Citigroup Global Markets in London. ``However, fears will subside gradually rather than quickly.''
Stocks rallied worldwide and U.S. index futures advanced after central banks moved to ease concern about tighter credit. European stocks rose for the first time in three days and Asian stock markets rebounded today from their biggest drop in five months.
Central banks in South Korea, the Philippines, Singapore, Indonesia, India, and Malaysia have said they were prepared to add cash into their systems if required. The Reserve Bank of New Zealand today said it was ``business as usual'' in its conduct of daily operations.
The International Monetary Fund said last week that ``prompt action'' by central banks to add cash to the banking system should help avert a crisis in credit markets.
``Looking forward, while the situation is still evolving, we continue to believe that the systemic consequences of the re- assessment of credit risk that is taking place will be manageable,'' the IMF said.
Friend or Foe?
Source: Bloomberg, already consolidating its position as the laughbag of the news sources, I know, I know.
Blah, blah, blah, blah, blah, blah, Blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah ....
How can you quantifi such a thing in your trading????
To be or not to be, that's the question 
