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Cable Update (GBPUSD)

  • #31,061
  • Sep 17, 2007 7:33pm Sep 17, 2007 7:33pm
Quoting got pips?
More banks may need bail-outs as Northern Rock crisis affects Alliance & Leicester


could this mean that there may be some more banks popping out soon....:surprised

and what about the housing market...??????
As I pointed out here before, America was the epicenter. It shook our ground here, people already freaked out, ran in despair etc...etc. BUT it is sort of already priced for the USA, just look at the dollar index and other indicators.

NOW..... other parts of the globe are starting to feel the shock waves. England and Europe in general have their bases made of clay. As soon as things start to shake over there like they did here, their currencies won't be able to stand as the dollar did and is still doing.
For he that would be deceived, let him.
  • #31,062
  • Sep 17, 2007 7:56pm Sep 17, 2007 7:56pm
Quoting pinchapip
As I pointed out here before, America was the epicenter. It shook our ground here, people already freaked out, ran in despair etc...etc. BUT it is sort of already priced for the USA, just look at the dollar index and other indicators.

NOW..... other parts of the globe are starting to feel the shock waves. England and Europe in general have their bases made of clay. As soon as things start to shake over there like they did here, their currencies won't be able to stand as the dollar did and is still doing.
what is interesting is that we are almost seeing what we saw happening to the dollar a couple of weeks ago....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #31,063
  • Sep 17, 2007 7:59pm Sep 17, 2007 7:59pm
Quoting got pips?
what is interesting is that we are almost seeing what we saw happening to the dollar a couple of weeks ago....
That's life
That's what all the people say
You're riding high in April
You're shot down in May
For he that would be deceived, let him.
  • #31,064
  • Sep 17, 2007 8:30pm Sep 17, 2007 8:30pm
cable may go down to 1.9850. Below that level cable may go further till 1.9800.

The UK problems are bigger than everybody thinks. The central bank England may ask the European central bank for help.
  • #31,065
  • Sep 17, 2007 8:30pm Sep 17, 2007 8:30pm
Cable tanking!!!!!!!!!!!!
For he that would be deceived, let him.
  • #31,066
  • Sep 17, 2007 8:32pm Sep 17, 2007 8:32pm
Quoting pinchapip
Cable tanking!!!!!!!!!!!!
Hello Asian housewives!
Cable is my sugardaddy
  • #31,067
  • Sep 17, 2007 8:32pm Sep 17, 2007 8:32pm
What Wrong With You Cable???
Kiyoski JR. "Time is your friend; impulse is your enemy."
  • #31,068
  • Sep 17, 2007 8:34pm Sep 17, 2007 8:34pm
Quoting bohogirl
Hello Asian housewives!
By the way......where's Soros Jr been ?!?!?!
For he that would be deceived, let him.
  • #31,069
  • Sep 17, 2007 8:36pm Sep 17, 2007 8:36pm
Quoting bohogirl
Don't forget one of the driest years in modern Cali history, and record heat!
Which one? Cali, Columbia or Cali-fornication.
  • #31,070
  • Sep 17, 2007 8:41pm Sep 17, 2007 8:41pm
Quoting pinchapip
By the way......where's Soros Jr been ?!?!?!
I miss Soros Jr

ps: Maybe Soros Sr. grounded him? I wonder, if we all ask nicely, if he'd let him come out and play for a while?
Cable is my sugardaddy
  • #31,071
  • Sep 17, 2007 8:41pm Sep 17, 2007 8:41pm
Northern Rock Crisis


"Shares in the bank fell by more than 30% on Friday and plunged by almost as much again within moments of the stock market opening on Monday.

It took other banking stocks with it, including Alliance & Leicester, HBOS and Bradford & Bingley.............As much as £2bn has been drained from accounts since Northern Rock's problems emerged."


looks like we are starting to see a confidence crisis...huh !
For he that would be deceived, let him.
  • #31,072
  • Sep 17, 2007 8:43pm Sep 17, 2007 8:43pm
Quoting pinchapip
By the way......where's Soros Jr been ?!?!?!
Soros Jr may discuss with George Soros about the opportunity of head and shoulder at weekly chart in addition of the worst current financial condition of British central bank (worse than those of 1992).
  • #31,073
  • Sep 17, 2007 9:07pm Sep 17, 2007 9:07pm
DJ Newswires:

At the close, Northern Rock shares were down 155 pence, or 35%, to 283 pence. Alliance & Leicester was off 273 pence, or 31%, to 600 pence. Bradford & Bingley PLC (BB.LN), another U.K. mortgage lender, was down 51 pence, or 15%, to 279 pence.
  • #31,074
  • Sep 17, 2007 9:19pm Sep 17, 2007 9:19pm
Quoting SunTrader
DJ Newswires:

At the close, Northern Rock shares were down 155 pence, or 35%, to 283 pence. Alliance & Leicester was off 273 pence, or 31%, to 600 pence. Bradford & Bingley PLC (BB.LN), another U.K. mortgage lender, was down 51 pence, or 15%, to 279 pence.
and cable sinking from 2.03 to 1.98


To be or not to be, that's the question
  • #31,075
  • Sep 17, 2007 9:29pm Sep 17, 2007 9:29pm
Quoting pinchapip
By the way......where's Soros Jr been ?!?!?!
yes.. anybody looking for me?
  • #31,076
  • Sep 17, 2007 9:30pm Sep 17, 2007 9:30pm
Quoting hoezhiens
and cable sinking from 2.03 to 1.98


wait till it sinks lower...
  • #31,077
  • Sep 17, 2007 9:35pm Sep 17, 2007 9:35pm
The Fed's unkindest cut?


http://money.cnn.com/2007/09/13/news...ion=2007091717

after the fed's cut i think sinks ends ...,hopefully cable start to climb ...
To be or not to be, that's the question
  • #31,078
  • Sep 17, 2007 9:35pm Sep 17, 2007 9:35pm
Quoting soros_junior
wait till it sinks lower...
Hello Soros,

How much you see cable go down? And what are its support levels from where it bounce back? Any idea?
  • #31,079
  • Sep 17, 2007 9:37pm Sep 17, 2007 9:37pm
Quoting ar1002
Hello Soros,

How much you see cable go down? And what are its support levels from where it bounce back? Any idea?
That question to S J is a joke, right?
  • #31,080
  • Sep 17, 2007 9:41pm Sep 17, 2007 9:41pm
Quoting soros_junior
wait till it sinks lower...
He's aliiiiveee!!!

on that note, sinking lower?
quick, everybody get your longs!!! :
Cable is my sugardaddy
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