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Cable Update (GBPUSD)

  • #31,001
  • Sep 17, 2007 2:39pm Sep 17, 2007 2:39pm
Quoting pinchapip
Did I mention that some banks are starting to bet on the 1.85 area!!!!!!
Really? How did you find out though ?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #31,002
  • Sep 17, 2007 2:40pm Sep 17, 2007 2:40pm
Quoting Luffy
Yeah that channel support might make prices bounce, but I think it should not provide much support. My target specifically is 1.9740, I am not sure if that is possible at this stage yet or not, But I know Sterling will probably make another new recent low before making the bigger retracement.
Yeah. I don't want to anticipate what is going to happen here. Just brought that up because cable at 9800-9900 is no picnic. This is a critical level this time.

And there is a huge fundamental in the air here: we may have seen the end of UK hike cycle at 5.75%. Some bet on 6% as toppish for 2007 but it doesn't seem likely for now. One or two CPIs around 2% and we will talk about this channel with our grandchildren.

"see this dot here? It's grampa's last stoploss getting triggered in the long trades".
  • #31,003
  • Sep 17, 2007 2:43pm Sep 17, 2007 2:43pm
Quoting Plutonite
Really? How did you find out though ?
There is a guy who has access to bank positions. One can only have that kind of info with a big...I mean a BIG account...got it from the source. For now it is still true but it changes all the time.
For he that would be deceived, let him.
  • #31,004
  • Sep 17, 2007 2:44pm Sep 17, 2007 2:44pm
Quoting cesarnc
Yeah. I don't want to anticipate what is going to happen here. Just brought that up because cable at 9800-9900 is no picnic. This is a critical level this time.

And there is a huge fundamental in the air here: we may have seen the end of UK hike cycle at 5.75%. Some bet on 6% as toppish for 2007 but it doesn't seem likely for now. One or two CPIs around 2% and we will talk about this channel with our grandchildren.

"see this dot here? It's grampa's last stoploss getting triggered in the long trades".
And tomorrow might just be the day
UK CPI, Core and RPI coming up. If prices are hugging the channel support just before the news come, it might just be a hint that there will be a break. For me the UK hike cycle has ended, while the cut cycle has started
  • #31,005
  • Sep 17, 2007 2:47pm Sep 17, 2007 2:47pm
Quoting coolhand
Nice. Great minds think alike! I don't have a target yet. I let my chart tell me when to exit. I hope you're right, 1.98 would make for a nice payday! Of course, Greenspan could get a hemmorhoid attack and it all could change, LOL!
Who are these hemmorhoids ? Lets bomb em now before they get chance !

Where is Hemmorhoidia anyway ? doesn't matter we can find out after...
they must be 'down under ' ? somewhere near australia ?
  • #31,006
  • Sep 17, 2007 2:48pm Sep 17, 2007 2:48pm
Quoting cesarnc
Yeah. I don't want to anticipate what is going to happen here. Just brought that up because cable at 9800-9900 is no picnic. This is a critical level this time.

And there is a huge fundamental in the air here: we may have seen the end of UK hike cycle at 5.75%. Some bet on 6% as toppish for 2007 but it doesn't seem likely for now. One or two CPIs around 2% and we will talk about this channel with our grandchildren.

"see this dot here? It's grampa's last stoploss getting triggered in the long trades".
LOL! I beleive the BOE is in a similar situation as the Fed. With the mortgage banking problems in both the US and UK, they may have no choice but to start to cut rates regardless of inflation pressures.
  • #31,007
  • Sep 17, 2007 2:53pm Sep 17, 2007 2:53pm
Quoting Luffy
And tomorrow might just be the day
UK CPI, Core and RPI coming up. If prices are hugging the channel support just before the news come, it might just be a hint that there will be a break. For me the UK hike cycle has ended, while the cut cycle has started
HOLY SHHH#$$@#$@!!!!!!

I didn't notice UK CPI is tomora....

So UK CPI + Fed rate statement?

I think I have to boost cigarettes + coffee inventories here...
  • #31,008
  • Sep 17, 2007 2:56pm Sep 17, 2007 2:56pm
Quoting coolhand
LOL! I beleive the BOE is in a similar situation as the Fed. With the mortgage banking problems in both the US and UK, they may have no choice but to start to cut rates regardless of inflation pressures.
like the title of an article I read.....

"Between a Northen ROCK and a hard place"
For he that would be deceived, let him.
  • #31,009
  • Sep 17, 2007 3:01pm Sep 17, 2007 3:01pm
Quoting cesarnc
HOLY SHHH#$$@#$@!!!!!!

I didn't notice UK CPI is tomora....

So UK CPI + Fed rate statement?

I think I have to boost cigarettes + coffee inventories here...
Cesar my PERSIAN friend !!!!!!!!

You better go short instead of long on your cigaretts too!!!
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For he that would be deceived, let him.
  • #31,010
  • Sep 17, 2007 3:04pm Sep 17, 2007 3:04pm
Quoting cesarnc
HOLY SHHH#$$@#$@!!!!!!

I didn't notice UK CPI is tomora....

So UK CPI + Fed rate statement?

I think I have to boost cigarettes + coffee inventories here...
Tomorrow is pretty much D-day for Sterling and Dollar and to some extent Euro.

CPI, Core and RPI for Sterling
PPI, Core, Housing, Tics and of course FOMC decision for Dollar
ZEW for Euro

Notice how terrible the forecast is for ZEW. A worse number than forecast might send Euro plummeting. It will be a big day tomorrow.
  • #31,011
  • Sep 17, 2007 3:04pm Sep 17, 2007 3:04pm
actually that was the first time, we have some kind of real debate, instead of long cable long,..or whatever we are so good in... :
its just money
  • #31,012
  • Sep 17, 2007 3:07pm Sep 17, 2007 3:07pm
Quoting pinchapip
Hey my friend...I did a quick google search and found out that "Iran as an Arab nation" is still open for debate. So I guess calling the Iranians Arabs can't be taken as a lack of accuracy. Correct me if I'm wrong
correct, also all of those countries are islamic countries
  • #31,013
  • Sep 17, 2007 3:08pm Sep 17, 2007 3:08pm
Quoting pinchapip
Cesar my PERSIAN friend !!!!!!!!

You better go short instead of long on your cigaretts too!!!
  • #31,014
  • Sep 17, 2007 3:08pm Sep 17, 2007 3:08pm
Quoting Luffy
Tomorrow is pretty much D-day for Sterling and Dollar and to some extent Euro.

CPI, Core and RPI for Sterling
PPI, Core, Housing, Tics and of course FOMC decision for Dollar
ZEW for Euro

Notice how terrible the forecast is for ZEW. A worse number than forecast might send Euro plummeting. It will be a big day tomorrow.
Damn! I picked the wrong week to quit amphetemines! Will need massive amounts of alcohol instead.
  • #31,015
  • Sep 17, 2007 3:11pm Sep 17, 2007 3:11pm
Quoting coolhand
Damn! I picked the wrong week to quit amphetemines! Will need massive amounts of alcohol instead.


Sleeping now and waking up in 9 hours can get you prepared, but watch out for the hangover.
  • #31,016
  • Sep 17, 2007 3:13pm Sep 17, 2007 3:13pm
Definitely BEAR

It's all smelling bears here. cable, CPI, stock market. Everywhere I look, a bear.

Just checked my wife now. She's grabbing a nap huging her Winnie the Pooh.

This got to mean something....
  • #31,017
  • Sep 17, 2007 3:14pm Sep 17, 2007 3:14pm
Quoting de123
actually that was the first time, we have some kind of real debate, instead of long cable long,..or whatever we are so good in... :
I am not going to apply logic to the numbers - been caught that way before - the market movers are twisted contrarian maniacs...

I will come in when the chart has stopped pinging around
  • #31,018
  • Sep 17, 2007 3:15pm Sep 17, 2007 3:15pm
Quoting cesarnc
Definitely BEAR

It's all smelling bears here. cable, CPI, stock market. Everywhere I look, a bear.

Just checked my wife now. She's grabbing a nap huging her Winnie the Pooh.

This got to mean something....


Definitely then
  • #31,019
  • Sep 17, 2007 3:17pm Sep 17, 2007 3:17pm
Quoting cesarnc
Definitely BEAR

It's all smelling bears here. cable, CPI, stock market. Everywhere I look, a bear.

Just checked my wife now. She's grabbing a nap huging her Winnie the Pooh.

This got to mean something....
LOL! I feel like a BEAR with a sore head, I've such a headache right now..
  • #31,020
  • Sep 17, 2007 3:21pm Sep 17, 2007 3:21pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting coolhand
Damn! I picked the wrong week to quit amphetemines! Will need massive amounts of alcohol instead.
on tap

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