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Cable Update (GBPUSD)

  • #31,221
  • Sep 18, 2007 7:23am Sep 18, 2007 7:23am
7 min to the ride
.
  • #31,222
  • Sep 18, 2007 7:23am Sep 18, 2007 7:23am
Like how CNBC likes to do it, Ms Hilton was asked what she thinks about the upcoming US PPI data.
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  • #31,223
  • Sep 18, 2007 7:27am Sep 18, 2007 7:27am
Quote
No, they cut james dick's bonds...

hahah, now this is humorous again for me, they cut J. dick's bonds ?

ROFL

Actually, English is a foreign language for me and I'm usually not very sure what I hear while watching Hollywood movies, anyways thanks Alls..
Hello World!
  • #31,224
  • Sep 18, 2007 7:33am Sep 18, 2007 7:33am
Quote
7 min to the ride

so here we go and lets see how this news gets correlated

Quote
-1.4% -0.2% 0.6%
0.2% 0.1% 0.1%
Hello World!
  • #31,225
  • Sep 18, 2007 7:35am Sep 18, 2007 7:35am
I find cable's actions somewhat logical and fair, for me at least.

BUT, I'm very curious how euro gona move from here...
Hello World!
  • #31,226
  • Sep 18, 2007 7:38am Sep 18, 2007 7:38am
Evening here, time to leave for home, will catch ya guys later

CHOW
Hello World!
  • #31,227
  • Sep 18, 2007 7:47am Sep 18, 2007 7:47am
it's time to kill the bear?

http://www.bloomberg.com/apps/news?p...fvU&refer=home
  • #31,228
  • Sep 18, 2007 7:51am Sep 18, 2007 7:51am
Look before you leap, look clearly at what the chart is telling youuuu.

*cough* look at gold *cough*
  • #31,229
  • Sep 18, 2007 7:58am Sep 18, 2007 7:58am
chart? what and which? these two weeks forex trading on news....
  • #31,230
  • Sep 18, 2007 8:03am Sep 18, 2007 8:03am
I say: bye bye dollar, I see you in hell
  • #31,231
  • Sep 18, 2007 8:06am Sep 18, 2007 8:06am
Hit my target.. now im looking to short..
Kiyoski JR. "Time is your friend; impulse is your enemy."
  • #31,232
  • Sep 18, 2007 8:07am Sep 18, 2007 8:07am
: Does anyone hear have the opinion that the Fed won't cut rates?
lol

Personally I just don't think that its a good move to cut rates. even with the ppi numbers coming in weaker.
  • #31,233
  • Sep 18, 2007 8:11am Sep 18, 2007 8:11am
Quoting leachimeewg
: Does anyone here have the opinion that the Fed won't cut rates?
lol

Personally I just don't think that its a good move to cut rates. even with the ppi numbers coming in weaker.
Yes. There are at least two ppl here that believe it.


Btw. Technicaly UJ is testing H4 200 SMA and GU 25% Fib from the fall.

It made happy the longs but why should it break before the Fed. I'm out for now.
  • #31,234
  • Sep 18, 2007 8:17am Sep 18, 2007 8:17am
Quoting Warper
Yes. There are at least two ppl here that believe it.


Btw. Technicaly UJ is testing H4 200 SMA and GU 25% Fib from the fall.

It made happy the longs but why should it break before the Fed. I'm out for now.
lol. Thanks Warper, I'm of the opinion that cutting the fed fund rate would not be beneficial in anyway, and that really just potrays the Fed as the governments little goat sent out to save the sub-prime market.

heck, cutting rates wouldn't really help in the first place, prolly we have a feel good factor, drive carry trade to the peak, see inflation come back.. and give birth to a bigger demon later.


p.s. still have a short on uj.. lol... hopefully raking in the pips by end day.. + at the moment but not much..
  • #31,235
  • Sep 18, 2007 8:19am Sep 18, 2007 8:19am
Quoting leachimeewg
: Does anyone hear have the opinion that the Fed won't cut rates?
lol

Personally I just don't think that its a good move to cut rates. even with the ppi numbers coming in weaker.
I do just because it will be the most hateful scenario for the market. Thus more likely if I know Bernanke...

But a -.25% + BS statement would do the same job.

What will be bad about a cut is if the market start thinking "are we sure a cut was the right thing to do"?

It will take just another bank reporting doors shut to spark fresh desperation
  • #31,236
  • Sep 18, 2007 8:22am Sep 18, 2007 8:22am
There is no need to cut any rates in the first place, the housing problem can be solved without cutting the fed funds rate. If the Fed cuts today, they will probably say they are forced to do it to prevent deterioration of the economy rather than the financial market problems.
  • #31,237
  • Sep 18, 2007 8:28am Sep 18, 2007 8:28am
Whatever the cut or non cut is I just hope it causes fear and panic, instead of confidence. Fear and Panic are the best two allies in making money in this market as the pips move much faster.
Just Trade It
  • #31,238
  • Sep 18, 2007 8:29am Sep 18, 2007 8:29am
Quoting cesarnc
I do just because it will be the most hateful scenario for the market. Thus more likely if I know Bernanke...

But a -.25% + BS statement would do the same job.

What will be bad about a cut is if the market start thinking "are we sure a cut was the right thing to do"?

It will take just another bank reporting doors shut to spark fresh desperation
lol... Question is if the status quo is remained and the overnight rate being cut again would also be doing the same job, maybe not immediately but along the way because everyone has priced in a 25bsp cut..

the market will think that its not enough and call for another 25 to 50bsp come october onwards when the mortgages start resetting.

what then?
  • #31,239
  • Sep 18, 2007 8:30am Sep 18, 2007 8:30am
Quoting Luffy
There is no need to cut any rates in the first place, the housing problem can be solved without cutting the fed funds rate. If the Fed cuts today, they will probably say they are forced to do it to prevent deterioration of the economy rather than the financial market problems.
that much is agreed.
  • #31,240
  • Sep 18, 2007 8:31am Sep 18, 2007 8:31am
Today has been my kind of day. Just trading between the pivots. Main pp at 1.9984 and S1 at 1.9877. Cable has been bouncing between the lines since the asian open. I love it! Easy pips as long as you get in in the right direction.
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