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Cable Update (GBPUSD)

  • #34,721
  • Oct 9, 2007 12:54pm Oct 9, 2007 12:54pm
sorry.. I meant "forget trading live"
  • #34,722
  • Oct 9, 2007 12:55pm Oct 9, 2007 12:55pm
Quoting ClockTrader
Does anyone know how much % of the total market capital(in US) is held by non-americans ?

I won't be surprised if someone said more than 65% of the market capital belongs to foreigners

If thats true and actually only then I can understand why US $ is falling like rock against almost every currency on earth and yet the stock markets there look in not a bad condition comparatively.
I used to chart DX*SP to see this. The free futures data source no
longer has that capability.
  • #34,723
  • Oct 9, 2007 12:57pm Oct 9, 2007 12:57pm
Quoting peterM
sorry.. I meant "forget trading live"

i think i should left trading demo and live both totally fedup from tradng
  • #34,724
  • Oct 9, 2007 12:58pm Oct 9, 2007 12:58pm
Quoting Bubloo
i think i should left trading demo and live both totally fedup from tradng
Maybe trading isn't for you.. or maybe you just need a break.
  • #34,725
  • Oct 9, 2007 12:59pm Oct 9, 2007 12:59pm
Quoting peterM
Maybe trading isn't for you.. or maybe you just need a break.
wht if fed decide to leave the rate unchagned effect on cable????
  • #34,726
  • Oct 9, 2007 1:00pm Oct 9, 2007 1:00pm
2007.10.09 21:00:00 *FOMC: 'All' Fed Members Agreed To 50BP Sep Rate Cut
  • #34,727
  • Oct 9, 2007 1:02pm Oct 9, 2007 1:02pm
Quoting MrFuture
Is there a thread that really discusses cable and not useless stuff ?


Good morning roomies
Cable is my sugardaddy
  • #34,728
  • Oct 9, 2007 1:03pm Oct 9, 2007 1:03pm
*FOMC: Rate Cut Won't Affect 'Realistic' Pricing Of Risk
*FOMC: Future Fed Actions Depend On Economic Outlook
*FOMC: Econ Outlook Uncertain, Risks To Downside
*FOMC: 'A Little More Confident' On Sustained Inflation Drop
*FOMC: Housing Remained 'Exceptionally Weak'
*FOMC: Further Employment Slowdown 'Likely'
*FOMC: Officials Skeptical About Original Aug Payroll Drop
*FOMC: Inflation Risk If Dollar Keeps Falling 'Significantly'

A united Fed was increasingly confident that inflation no longer posed a significant threat, which along with an "extremely weak" housing sector paved the way for its Sep 18 50 bps rate cut, according to the minutes. "With economic growth likely to run below its potential for a while and with incoming inflation data to the favorable side, the easing of policy seemed unlikely to affect adversely the outlook for inflation," according to the minutes. Officials gave no hint of the timing, or even the direction, of future policy moves, saying "future actions would depend on how economic prospects were affected by evolving market developments and by other factors." The minutes also say that "all members," not just the 10 who voted, supported a 50 bps cut last months. That's despite the fact that there was skepticism about the August negative payrolls report, which has since been revised upwards

The just-released minutes from the Fed's latest meeting show that FOMC members were concerned that more dollar weakness could lead to higher inflation, saying there is an inflation risk if dollar keeps falling "significantly."
  • #34,729
  • Oct 9, 2007 1:06pm Oct 9, 2007 1:06pm
Quoting MrFuture
Yeah, I do see the trendline on the 1hr, thanks. That was actually also the 100 fib level.....
Huh, which fibo are you using to get this?
I have 38.2 from the old-old run up (to 0652) at 0259, and 61.8 at 0270 from the run down (0652-9651) - both 'close enough' - but no 100 fib at that level on any of my fib charts
Cable is my sugardaddy
  • #34,730
  • Oct 9, 2007 1:10pm Oct 9, 2007 1:10pm
The Minutes here: http://www.federalreserve.gov/fomc/minutes/20070918.htm

If anyone has balls of steel to read it... I don't. :
  • #34,731
  • Oct 9, 2007 1:12pm Oct 9, 2007 1:12pm
Quoting goliath
GU will be 1.9800 to day, after break 2.0150-2.0130
Ahhhh... a relative of Soros Jr? :
Cable is my sugardaddy
  • #34,732
  • Oct 9, 2007 1:12pm Oct 9, 2007 1:12pm
Quoting cesarnc
The Minutes here: http://www.federalreserve.gov/fomc/minutes/20070918.htm

If anyone has balls of steel to read it... I don't. :
LOLLL
  • #34,733
  • Oct 9, 2007 1:14pm Oct 9, 2007 1:14pm
Quoting benssol
*FOMC: Rate Cut Won't Affect 'Realistic' Pricing Of Risk
*FOMC: Future Fed Actions Depend On Economic Outlook
*FOMC: Econ Outlook Uncertain, Risks To Downside
*FOMC: 'A Little More Confident' On Sustained Inflation Drop
*FOMC: Housing Remained 'Exceptionally Weak'
*FOMC: Further Employment Slowdown 'Likely'
*FOMC: Officials Skeptical About Original Aug Payroll Drop
*FOMC: Inflation Risk If Dollar Keeps Falling 'Significantly'
OK, above the key words and below the Cable Update's Bullshit gauge...

O

O

O

O

X
  • #34,734
  • Oct 9, 2007 1:16pm Oct 9, 2007 1:16pm
USD strengthened slightly after release of FOMC minutes from the Sept. rate-cutting meeting, which said there could be an inflation risk if the dollar keeps falling 'significantly.' It is unusual for FOMC to refer to the dollar. Recently, EUR/USD at 1.4082 from 1.4049 late Mon, while USD/JPY at Y117.08 from Y117.38

*Brazil Stocks Climb, Real Stable On FOMC Minutes

aha

LOL
  • #34,735
  • Oct 9, 2007 1:23pm Oct 9, 2007 1:23pm
Quoting bohogirl
Huh, which fibo are you using to get this?
I have 38.2 from the old-old run up (to 0652) at 0259, and 61.8 at 0270 from the run down (0652-9651) - both 'close enough' - but no 100 fib at that level on any of my fib charts
On the 1hr chart, I went from the recent HIGH of 2.0435(oct 5), down to the previous low of 2.0278 (oct4).

As a result, the 100 level sits exactly on 2.0278.....while 0 starts on 2.0435....as it went down, it stopped exaclty on each level, with a big downfall from 61.8% (2.0338) to 100% (2.0278) in the morning.

We probably started from different points. I am assuming that's what most people do anyways, therefore it will work in both ways.....

Let me know....
"Lunch ? Lunch Is For Wimps !"
  • #34,736
  • Oct 9, 2007 1:27pm Oct 9, 2007 1:27pm
Quoting benssol
*Brazil Stocks Climb, Real Stable On FOMC Minutes

aha

LOL


Well, I'm not in the BOVESPA. But I got a cousing trading there... He´s the real COWBOY. His first week was exactly - I mean the very same week the selloff started in August

His first words about his experience - translated to English - were "WTF"?????
  • #34,737
  • Oct 9, 2007 1:29pm Oct 9, 2007 1:29pm
USD has so far shown only a very modest reaction to the FOMC's explicit mention of heightened inflation risks should the dollar "continue to depreciate significantly." The reference to the dollar, although unusual in FOMC minutes, wasn't enough to cause investors to adjust positions in any big way. The FOMC minutes don't often provide a reason for forex trades and today was no exception. EUR/USD at 1.4079 from 1.4090 pre-FOMC and 1.4049 late Mon, while USD/JPY at Y117.02 from Y116.96 before the minutes and Y117.38 late a day ago.

  • #34,738
  • Oct 9, 2007 1:31pm Oct 9, 2007 1:31pm
Quoting cesarnc


Well, I'm not in the BOVESPA. But I got a cousing trading there... He´s the real COWBOY. His first week was exactly - I mean the very same week the selloff started in August

His first words about his experience - translated to English - were "WTF"?????
LOLLLLLLLLLLL


God bless you Gesarnc, I swear this forum without you is BS
  • #34,739
  • Oct 9, 2007 1:33pm Oct 9, 2007 1:33pm
Quoting goliath
GU will be 1.9800 to day, after break 2.0150-2.0130
Hmmm, lets see do I have space for one more in the "ignore" file.

3rd post and they are shouting out a target 500 pips away before the day is out.
  • #34,740
  • Oct 9, 2007 1:34pm Oct 9, 2007 1:34pm
How do I post a picture.... chart ?
"Lunch ? Lunch Is For Wimps !"
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