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Cable Update (GBPUSD)

  • #26,741
  • Aug 24, 2007 9:04am Aug 24, 2007 9:04am
hmm it is so strange today - good news from the US economy but Cable still going strong

I wonder what affects its strenght ...
  • #26,742
  • Aug 24, 2007 9:06am Aug 24, 2007 9:06am
13,300 today, not crazy....
  • #26,743
  • Aug 24, 2007 9:08am Aug 24, 2007 9:08am
Dow high yesterday is 13298. Hasn't broke that, yet! Looks like it might but there is still more resistance to tackle.
  • #26,744
  • Aug 24, 2007 9:08am Aug 24, 2007 9:08am
Why the hell the Euro and Cable is going north?
  • #26,745
  • Aug 24, 2007 9:10am Aug 24, 2007 9:10am
Quoting Mindaugas
Why the hell the Euro and Cable is going north?
dollar dumping / carry trades.
  • #26,746
  • Aug 24, 2007 9:14am Aug 24, 2007 9:14am
I think today ( till the end of the day ) it will fell down to 2 barrier
  • #26,747
  • Aug 24, 2007 9:14am Aug 24, 2007 9:14am
Quoting cesarnc
dollar dumping / carry trades.
But the home sales should shake the market positive to the dollar. Of course, not a lot, but the data are perfect... Am I wrong?
  • #26,748
  • Aug 24, 2007 9:15am Aug 24, 2007 9:15am
Quoting Lincoln_10
ahhh new home sales around 840K... hmmm that would be like having adriana lima with you, but its forex version.

Come on Dow... be a bull today, and honor the bull statue on Wall Street.
It is actually across the street from a building (29 Broadway) I once worked on lower Broadway. About 2 blocks from Wall Street.
  • #26,749
  • Aug 24, 2007 9:16am Aug 24, 2007 9:16am
yes they are - but I think it is only a carry trade ahead and cable will go down - alot - or I can be wrong ...

Quoting Mindaugas
But the home sales should shake the market positive to the dollar. Of course, not a lot, but the data are perfect... Am I wrong?
  • #26,750
  • Aug 24, 2007 9:17am Aug 24, 2007 9:17am
Quoting SunTrader
It is actually across the street from a building (29 Broadway) I once worked on lower Broadway. About 2 blocks from Wall Street.
ahh so you live in NY?
i lived in NY for 5 years.. 4 in westchester and 1 year in edgewater NJ...
I have a picture of me with that bull, and i never knew how important that bull statue was, untill i got into the forex business...

So now if you want to insult the Manhattan DJ brokers, best is to go there with plenty of teddy bears in the streets.
give me my pips back...
  • #26,751
  • Aug 24, 2007 9:20am Aug 24, 2007 9:20am
Quoting Mindaugas
But the home sales should shake the market positive to the dollar. Of course, not a lot, but the data are perfect... Am I wrong?
A lot of money fled to dollar on risk aversion during the tumble. As risk apetite picks up again, these dollar longs are covered. Good new homes is weighting much more on the "risk" side, than on the "dollar positive" side.

Dow still negotiating the 50% fib of the slump. I guess shorts are squeezed here. Let's see if the big money flows...
  • #26,752
  • Aug 24, 2007 9:22am Aug 24, 2007 9:22am
Quoting Lincoln_10
ahh so you live in NY?
i lived in NY for 5 years.. 4 in westchester and 1 year in edgewater NJ...
I have a picture of me with that bull, and i never knew how important that bull statue was, untill i got into the forex business...

So now if you want to insult the Manhattan DJ brokers, best is to go there with plenty of teddy bears in the streets.
I lived there many moons ago.
  • #26,753
  • Aug 24, 2007 9:25am Aug 24, 2007 9:25am
Do you think the market is tired?????

This uptrend has been going since 0245???????
  • #26,754
  • Aug 24, 2007 9:26am Aug 24, 2007 9:26am
So far every pullback in the Dow is greeted with more buying.
  • #26,755
  • Aug 24, 2007 9:32am Aug 24, 2007 9:32am
darn it 13268 wants to hold...

why are you holding? just break the fib level so everyone can breath. Come on Dow Jones... its time to make money for you as well.. so RAISE..
give me my pips back...
  • #26,756
  • Aug 24, 2007 9:36am Aug 24, 2007 9:36am
A little selling now in the Dow.
  • #26,757
  • Aug 24, 2007 9:36am Aug 24, 2007 9:36am
WIth evebody with the finger at the "sell" button, it's gonna take a while to reassess the strategies
  • #26,758
  • Aug 24, 2007 9:36am Aug 24, 2007 9:36am
Man...Bernanke speech and FOMC minutes will be HUGE next week for further pound direction......
  • #26,759
  • Aug 24, 2007 9:37am Aug 24, 2007 9:37am
Quoting cesarnc
WIth evebody with the finger at the "sell" button, it's gonna take a while to reassess the strategies
switching strategies my friend??? cause i believe you hit your target...
give me my pips back...
  • #26,760
  • Aug 24, 2007 9:41am Aug 24, 2007 9:41am
Quoting Lincoln_10
switching strategies my friend??? cause i believe you hit your target...
No.. I meant in the stock market... everybody expecting a slump in New Homes, selloffs, calling it a day earler...

Then comes the "Friday-factor"....

PS. I was also with GJ ticket open to sell the crap out of it.
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