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Cable Update (GBPUSD)

  • #32,381
  • Sep 24, 2007 11:16am Sep 24, 2007 11:16am
Quoting pinchapip
The knock-on effect of further reducing the value of the dollar led to pan-European planemaker Airbus warning last week that it may have to make further job cuts if the euro continues near its current highs.
Newswires are packed with conflicting information, time for us to wait for the dust settles

- There are people in USA whinning about the weak dollar as some says lower it goes, while other says no other way to go but up.

- There are people in Europe whinning about the strong euro as some says it will hurt exporters and other bets on further US cuts...

I think this is time for a lot of talk and gossips and "I think it will's" and little action in the market, as shown by the slow sessions today.... We need some fresh news from somewhere, otherwise profit takings (euro short, cable no idea) will kick in for the end of the month.

Quote
The warning came as Prime Minister Francois Fillon warned that France's finances were in a "critical" state.


LOL... Who else? Sarkosy himself is already the bug inside of the ECB's pijamas...
  • #32,382
  • Sep 24, 2007 11:18am Sep 24, 2007 11:18am
Quoting pinchapip
The pound lost its luster Bullrock....people are suspicious about the Brits now......take a look at their LIBOR forecast
The Brits are suspicious about the Brits too..

As the bank guarantees stand at the moment, shares (with a potential downside of 20%) are safer than cash in British banks with a potential downside of 100% on anything over £30k ish....that has now entered the public 's perception for the first time in 150 years

Now there is a concept - yankee shares are safer than cash in British banks.... that has to have consequences...
  • #32,383
  • Sep 24, 2007 11:20am Sep 24, 2007 11:20am
Once again Cable is mimicking the Dow. Very little movement on NYSE after the first hour. And GU has moved in a 30 pips range for last 2 hours.
  • #32,384
  • Sep 24, 2007 11:24am Sep 24, 2007 11:24am
Say some UK banks hold their reservers in USD. So they sell USD and buy GBP to finance the consumers who withdraw their cash. Then consumers sell their GBP to buy USD so they can buy yankee shares.... The result is nice swings....
.
  • #32,385
  • Sep 24, 2007 11:25am Sep 24, 2007 11:25am
Quoting cesarnc
Newswires are packed with conflicting information, time for us to wait for the dust settles

- There are people in USA whinning about the weak dollar as some says lower it goes, while other says no other way to go but up.

- There are people in Europe whinning about the strong euro as some says it will hurt exporters and other bets on further US cuts...

I think this is time for a lot of talk and gossips and "I think it will's" and little action in the market, as shown by the slow sessions today.... We need some fresh news from somewhere, otherwise profit takings (euro short, cable no idea) will kick in for the end of the month.
Germany is OK, of course !!! Don't mess with the Germans they are hard working disciplined people.

NOW...the Latin European countries are in deep trouble. Put France, Spain, Italy, Portugal...etc in a basket and they get way too heavy for a united Europe to carry.

Lets see the outcome !!!!!
For he that would be deceived, let him.
  • #32,386
  • Sep 24, 2007 11:36am Sep 24, 2007 11:36am
Quoting allserene
The Brits are suspicious about the Brits too..

As the bank guarantees stand at the moment, shares (with a potential downside of 20%) are safer than cash in British banks with a potential downside of 100% on anything over £30k ish....that has now entered the public 's perception for the first time in 150 years

Now there is a concept - yankee shares are safer than cash in British banks.... that has to have consequences...
Like some say "we are in a crisis of confidence" after Mr King complained about not being able to bail out Northern Rock "under the table". I don't blame the Brits for being suspicious.

Is "me money" safe ???? Thats what you guys will wonder for a while...right?!?!

People are trying to fix the holes in the boat with band-aids...the inevitable will come...thats for sure.
For he that would be deceived, let him.
  • #32,387
  • Sep 24, 2007 11:40am Sep 24, 2007 11:40am
Quoting pinchapip
Don't mess with the Germans they are hard working disciplined people.

NOW...the Latin European countries...
lol... yeah latins just want to go to the beach get tanned.
  • #32,388
  • Sep 24, 2007 11:53am Sep 24, 2007 11:53am
Quoting pinchapip

NOW...the Latin European countries are in deep trouble. Put France, Spain, Italy, Portugal...etc in a basket and they get way too heavy for a united Europe to carry.
Ohhh, your asking for trouble now.
  • #32,389
  • Sep 24, 2007 11:56am Sep 24, 2007 11:56am
Bernanke will BS soon
.
  • #32,390
  • Sep 24, 2007 12:05pm Sep 24, 2007 12:05pm
Quoting bullrock
Bernanke will BS soon
Nothing happened????
  • #32,391
  • Sep 24, 2007 12:09pm Sep 24, 2007 12:09pm
I am in long @2.0206 hoping to see 2.0400 this week! Anybody feel we could see 400 this week?
  • #32,392
  • Sep 24, 2007 12:18pm Sep 24, 2007 12:18pm
Quoting Runway Trade
Nothing happened????
That is not important BS
.
  • #32,393
  • Sep 24, 2007 12:18pm Sep 24, 2007 12:18pm
why did you go long?
  • #32,394
  • Sep 24, 2007 12:18pm Sep 24, 2007 12:18pm
Quoting Runway Trade
I am in long @2.0206 hoping to see 2.0400 this week! Anybody feel we could see 400 this week?
I can feel a lot of things. But I have no idea. But I am long too if that helps.
.
  • #32,395
  • Sep 24, 2007 12:25pm Sep 24, 2007 12:25pm
All this talk of fundamentals, this and that means one thing, ABSOLUTLY NOTHING. Just watch the charts and follow the big boys
Just Trade It
  • #32,396
  • Sep 24, 2007 12:26pm Sep 24, 2007 12:26pm
Quoting Runway Trade
I am in long @2.0206 hoping to see 2.0400 this week! Anybody feel we could see 400 this week?
It is a dangerous situation the daily pinbar can unfold into a deep fall tomorrow of 100-300 pips.. just my 2 cents... Maybe not. Keep your SL at hand.
.
  • #32,397
  • Sep 24, 2007 12:28pm Sep 24, 2007 12:28pm
Quoting Big Wave Rider
All this talk of fundamentals, this and that means one thing, ABSOLUTLY NOTHING. Just watch the charts and follow the big boys
I second that.
.
  • #32,398
  • Sep 24, 2007 12:29pm Sep 24, 2007 12:29pm
Currently the GU is sitting on a support line... 2.02100 region...
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  • #32,399
  • Sep 24, 2007 12:32pm Sep 24, 2007 12:32pm
Based on that pin bar + the gap between the Friday bar and todays bar + the top of the triangle. Probability is quite high that the GU will go down tomorrow. IMHO
.
  • #32,400
  • Sep 24, 2007 12:39pm Sep 24, 2007 12:39pm
What gap ?? Friday close 2.0203 Todays open 2.0209 Todays low 2.0197
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