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Cable Update (GBPUSD)

  • #34,181
  • Oct 5, 2007 5:21am Oct 5, 2007 5:21am
Quoting bullrock
You know I am drugged, drunk, and most of all FF addicted...

I am not addicted yet, I dont go to mettings
This is my support group
Just Trade It
  • #34,182
  • Oct 5, 2007 5:47am Oct 5, 2007 5:47am
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  • #34,183
  • Oct 5, 2007 5:53am Oct 5, 2007 5:53am
Morning guys...

What a beautiful sunny Friday morning here... Feels like going to have a strong deviation in NFP today.... I don't even care about the direction...

All I need is some 80 pips to close a very nice week.
  • #34,184
  • Oct 5, 2007 5:54am Oct 5, 2007 5:54am
Quoting Big Wave Rider
Okay I made some statements lastnight about the dollar weakness and the U.S economy that supported reasoning for continued dollar weakness. However I got an E-mail from a family member who says that they are concerned and are thinking about switching their accounts over to Euro, and when I say they I mean all the people he works with as well are talking about this. Okay my cousin knows nothing about investing and neither does his co-workers I assume. Here is the point. The mass public have finally caught on to this dollar weakness which means we may see a top soon. I still believe that the big boys will try to continue with dollar weakness but for how much longer? It cant be too much longer since the mass public is now concerned and or switching their accounts over just before the big fall. I have been suspecting a top for some time now but the reasoning is getting stronger. I am still trading on dips in the direcetion of the trend untill we reach that top but with ALOT more caution. Its like a balancing scale and everybody is jumping on and when that one last fat man jumps on the whole scale is going to fall over. And then its going to rain pips so fast they will have to issue a flood warning
i kinda agree, i know i have switch to euro account when it broke 1.30s, and looky looky where are we know, next year (not in 12 month) 1.50 is a must, i know how it is, looking ur account going down, down, and u can do anything, (well u can, play short for a while) but hope it will go the other way arround, but the truth is, it will never go the other way arround, and i do not blame only the us, credits, wars, etc, but also China, which stocks i can not buy on european or london exchaages,...if i could, then i must say ill probably change it to canadians,...lol..., and thats also one many reasons, they cut the interests rates,..why not, anway the dolar will go down, since china will go up,...so the best thing was to cut them...and further cuts are also expected form my point of view, since the world war 3 is aint gona happen, and the chinese got olimpic games next year,when thos big profits, and when i say big, i mean big, will be taken out (maybe some even before, like SOON) ...plus the timing will match with presidental elections in us,..
its just money
  • #34,185
  • Oct 5, 2007 5:57am Oct 5, 2007 5:57am
Quoting bullrock
Glad to see ya finally covering your losses :-)
Hello World!
  • #34,186
  • Oct 5, 2007 6:02am Oct 5, 2007 6:02am
as usual, as I was expecting a typical friday with zigzag moves from cable

I'm glad I didn't open any new positions today, just gona watch like a spectator.
Hello World!
  • #34,187
  • Oct 5, 2007 6:04am Oct 5, 2007 6:04am
hey ppl take a look at USD CAD and EUR CAD LoL

Crazy employment data!

I was floating Euro/Cad cad with -2 pips..

+80 now

Thanks Oil prices for making Canada such a great place!
  • #34,188
  • Oct 5, 2007 6:08am Oct 5, 2007 6:08am
Quoting Warper
hey ppl take a look at USD CAD and EUR CAD LoL

Crazy employment data!

I was floating Euro/Cad cad with -2 pips..

+80 now

Thanks Oil prices for making Canada such a great place!

Holy crap thats a big gap, now watch it get filled in, good time to scalp USCAD
Just Trade It
  • #34,189
  • Oct 5, 2007 6:13am Oct 5, 2007 6:13am
(...) It's also possible that the August payroll reading of a loss of 4,000 jobs overall could be revised back into positive territory. August typically is a month that sees some of the largest revisions in the initial readings, said David Wyss, chief economist for Standard & Poor's. (...)

Pay close attention to the revision today. Market tends to trade strong revisions much bigger than the actual if it comes with a strong deviation.

Last month's -4K shooked up the whole market and some huge revision to the positive side can't be ruled out.
  • #34,190
  • Oct 5, 2007 6:16am Oct 5, 2007 6:16am
Quoting Warper
hey ppl take a look at USD CAD and EUR CAD LoL

Crazy employment data!

I was floating Euro/Cad cad with -2 pips..

+80 now

Thanks Oil prices for making Canada such a great place!
LOL... Bye bye parity...

And I was waiting for days here to start trading the correction.... bye bye long USDCAD LOLLLL
  • #34,191
  • Oct 5, 2007 6:18am Oct 5, 2007 6:18am
Bye, Bye dollar. I'm sure all those hockey players are loving their contracts now. Speaking of USCAD of course.
Just Trade It
  • #34,192
  • Oct 5, 2007 6:27am Oct 5, 2007 6:27am
I wonder where will USD depreciation stop ? are there any limits ?

AUD
CAD
EURO
GBP
Swissy

name a currency, long term trends are ANTI USD, makes me feel real freaky, whats going on ?

America is lead by Bush
Average American is under loads of debts
GDP isn't like +9% PA

can't see an end to this whole scenario, most of the expert talk seems crap, maybe I can't see, whatever, ain't losing at least, so I'm ok, hope don't take losses home this weekend !
Hello World!
  • #34,193
  • Oct 5, 2007 6:29am Oct 5, 2007 6:29am
Quoting ClockTrader
I wonder where will USD depreciation stop ? are there any limits ?

AUD
CAD
EURO
GBP
Swissy

name a currency, long term trends are ANTI USD, makes me feel real freaky, whats going on ?

America is lead by Bush
Average American is under loads of debts
GDP isn't like +9% PA

can't see an end to this whole scenario, most of the expert talk seems crap, maybe I can't see, whatever, ain't losing at least, so I'm ok, hope don't take losses home this weekend !
I dont think there is an end any time soon.. especially if further rate cuts are on the cards which they seem to be..
  • #34,194
  • Oct 5, 2007 6:33am Oct 5, 2007 6:33am
Quoting ClockTrader
I wonder where will USD depreciation stop ? are there any limits ?
Dollar is inside of a strong downtred since 2001 minimum. Euro, which is accountable for some 60-70% of the USD-index tells the story...

USD index is just not even uglier, because UJ (whick accounts for a bigger share in the index than cable, for instance) is not trending down heavily because of the carry trades.
  • #34,195
  • Oct 5, 2007 6:35am Oct 5, 2007 6:35am
Quoting cesarnc
Dollar is inside of a strong downtred since 2001 minimum. Euro, which is accountable for some 60-70% of the USD-index tells the story...

USD index is just not even uglier, because UJ (whick accounts for a bigger share in the index than cable, for instance) is not trending down heavily because of the carry trades.
I didn't know this.. Do you know where I can find out the exact percentages? I always thought it was evenly spread.

Pete
  • #34,196
  • Oct 5, 2007 6:36am Oct 5, 2007 6:36am
Quoting peterM
I dont think there is an end any time soon.. especially if further rate cuts are on the cards which they seem to be..
for a moment lets say stock markets etc. look not that bad in USA, but then lets look at these markets from this angle:

8% of the US market capital is owned by Saudi Arabians (fact)

below are my wild guess, don't know the facts:
I THINK at least 10% should be owned by europeans
likewise I think 5% at least by south americans
10% at least by Britons
10% by other Asians etc. etc.

other way, I agree that US might hold strong in other countries too, but that doesn't sound like a world leader economy at all except US has shitloads of nukes etc.

I think I'm too late to realise the fact how rapidly the equations in world economy have been changing. Major part of it taking effect and clearly visible in FX markets.
Hello World!
  • #34,197
  • Oct 5, 2007 6:38am Oct 5, 2007 6:38am
hi where are you think caple go today
  • #34,198
  • Oct 5, 2007 6:42am Oct 5, 2007 6:42am
Quoting ClockTrader
for a moment lets say stock markets etc. look not that bad in USA, but then lets look at these markets from this angle:

8% of the US market capital is owned by Saudi Arabians (fact)

below are my wild guess, don't know the facts:
I THINK at least 10% should be owned by europeans
likewise I think 5% at least by south americans
10% at least by Britons
10% by other Asians etc. etc.

other way, I agree that US might hold strong in other countries too, but that doesn't sound like a world leader economy at all except US has shitloads of nukes etc.

I think I'm too late to realise the fact how rapidly the equations in world economy have been changing. Major part of it taking effect and clearly visible in FX markets.
I get the US stock market could be setting itself up for a big fall.. We'll see.
  • #34,199
  • Oct 5, 2007 6:42am Oct 5, 2007 6:42am
Quoting a1m1e1r1
hi where are you think caple go today
I think today is all about the NFP :-)
  • #34,200
  • Oct 5, 2007 6:44am Oct 5, 2007 6:44am
Quoting a1m1e1r1
hi where are you think caple go today
right...:
its just money
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