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Cable Update (GBPUSD)

  • #36,061
  • Oct 18, 2007 3:18am Oct 18, 2007 3:18am
Quoting ma_cowburn
all afican currencies heading that way.
True...hence the need for a "stable" one.
  • #36,062
  • Oct 18, 2007 3:19am Oct 18, 2007 3:19am
The USD has pared all its recent gains due to unclouded risk appetite, and is trading close to all-time lows against the EUR, despite the upcoming G7 meeting which should have led to a more pronounced reduction in risk, says Commerzbank. With G7 now seen as unlikely to find a common line on the major currencies in its communiqué (except possibly on the Yuan), a USD correction ahead of this weekend meeting seems increasingly unlikely. Says this means EUR/USD could retest the all-time highs around 1.4280, with good support provided between 1.4160-40
  • #36,063
  • Oct 18, 2007 3:20am Oct 18, 2007 3:20am
Quoting Big Wave Rider
Be careful what you say here.
Hey BWR, maybe you were somewhat harsh on your comments, but I respect your view.

However, China is pursuing its own agenda using its means to achieve its goals.

But which country isnīt? US's War on Oil, India, Paquistan, Iran, N. Korea going nuclear, Europe boosting its commercial barriers, Venezuela taking over LA.

Does not China respect human rights? What human rights? UN's human rights? That allow sending kids to the desert to get slaughtered? Or that one that allows torturing prisioners?

Does not China respect WTO? They have 1.6 billion people. THEY CAN HAVE THEIR OWN WTO, for Godīs sakes. LOLLLLLLLLL

Isn't China environment-frienly? How environment-friendly? Like Brazil using slaves, tumbling the Amazon and burning sugar cane to produce a GREEN fuel? LOLLLLLLL

I don't know where is this going to end. But one thing is clear. This country's rules are not that country's rules, everybody with own agenda, "you don't like it, UN, WTO, Al Gore? Bite me"
  • #36,064
  • Oct 18, 2007 3:25am Oct 18, 2007 3:25am
Quoting cesarnc
Hey BWR, maybe you were somewhat harsh on your comments, but I respect your view.

However, China is pursuing its own agenda using its means to achieve its goals.

But which country isnīt? US's War on Oil, India, Paquistan, Iran, N. Korea going nuclear, Europe boosting its commercial barriers, Venezuela taking over LA.

Does not China respect human rights? What human rights? UN's human rights? That allow sending kids to the desert to get slaughtered? Or that one that allows torturing prisioners?

Does not China respect WTO? They have 1.6 billion people. THEY CAN HAVE THEIR OWN WTO, for Godīs sakes. LOLLLLLLLLL

Isn't China environment-frienly? How environment-friendly? Like Brazil using slaves, tumbling the Amazon and burning sugar cane to produce a GREEN fuel? LOLLLLLLL

I don't know where is this going to end. But one thing is clear. This country's rules are not that country's rules, everybody with own agenda, "you don't like it, UN, WTO, Al Gore? Bite me"
As I said before the lack of human rights in ANY part of the world angers me, and yet in this modern world human rights comes only to those that can afford it $$$$
http://www.caglecartoons.com/images/...dd8a8b1%7D.gif
Just Trade It
  • #36,065
  • Oct 18, 2007 3:28am Oct 18, 2007 3:28am
Quoting cesarnc
Hey BWR, maybe you were somewhat harsh on your comments, but I respect your view.

However, China is pursuing its own agenda using its means to achieve its goals.

But which country isnīt? US's War on Oil, India, Paquistan, Iran, N. Korea going nuclear, Europe boosting its commercial barriers, Venezuela taking over LA.

Does not China respect human rights? What human rights? UN's human rights? That allow sending kids to the desert to get slaughtered? Or that one that allows torturing prisioners?

Does not China respect WTO? They have 1.6 billion people. THEY CAN HAVE THEIR OWN WTO, for Godīs sakes. LOLLLLLLLLL

Isn't China environment-frienly? How environment-friendly? Like Brazil using slaves, tumbling the Amazon and burning sugar cane to produce a GREEN fuel? LOLLLLLLL

I don't know where is this going to end. But one thing is clear. This country's rules are not that country's rules, everybody with own agenda, "you don't like it, UN, WTO, Al Gore? Bite me"
India was nuclear way back in 1974 and has been using it for electricity purposes only, and that is the sole objective.

India also has the 3rd largest Army in the world, yet adopts peace despite having had to face terrorism for more than 50 years now.

Wiping pakistan would take less than 24 hours, but they are our brothers, just the deeds of 10 people does not mean everyone is bad.



Hey get back to forex this thread discusses GU !!!
  • #36,066
  • Oct 18, 2007 3:33am Oct 18, 2007 3:33am
Former Federal Reserve Chairman Alan Greenspan said there is less than a 50% chance the U.S. will fall into recession and that the dollar won't fall drastically, the Maeil Business Newspaper reported Thursday.

The paper also quoted Greenspan as saying the central banks of all countries should fight inflation because there are bubbles "all over the place."

Greenspan said excess liquidity stemming from low interest rates has resulted in housing market bubbles in 20 to 30 countries, according to the report.

However, Greenspan acknowledged it was impossible to deflate bubbles in stock and property markets strictly with monetary or fiscal policies, such as interest rate hikes, the paper said.

He was quoted as saying there is an inflation alert in China, thus the country should resist any political pressure to lower interest rates.

Greenspan was speaking via satellite from Washington as part of a forum hosted by the Maeil Business Newspaper, which was the only media outlet allowed to cover Greenspan's comments. Other media were excluded from the event.
  • #36,067
  • Oct 18, 2007 3:35am Oct 18, 2007 3:35am
Quoting Big Wave Rider
As I said before the lack of human rights in ANY part of the world angers me, and yet in this modern world human rights comes only to those that can afford it $$$$
It angers me, too. But if we go a little deeper, this "human rights" turns into hypocrisy.

Brazil says it doesn't approve what is going on in China, while our people here die in the public hospital's hallways, die from loose bullets in Rio, slavery in sugar cane production. $150 minimum salary.

"But we don't torture!!!" Cīmoooon...

What I mean is, every country can critisize the other. But when it comes to look at their onw belly, things get messy, don't they?

Ok, sorry for the off-topic...


Ok, back to cable - my analysis: ZZZZZZZZZZZZZZZZZZZ
  • #36,068
  • Oct 18, 2007 3:38am Oct 18, 2007 3:38am
Quoting cesarnc

"But we don't torture!!!" Cīmoooon...

I was being critical of the bush admin, Of course they torture.
Another thing that upsets me.
Just Trade It
  • #36,069
  • Oct 18, 2007 3:41am Oct 18, 2007 3:41am
Quoting Big Wave Rider
I was being critical of the bush admin, Of course they torture.
Another thing that upsets me.
we'd better stop here, BWR. Nerves break down in the thread when we talk about stuff like that...
  • #36,070
  • Oct 18, 2007 3:43am Oct 18, 2007 3:43am
Better-than-expected earnings are poping from everywhere today.

Nokia, Continental, Pfizer, E-Bay. That's good for the stock market and with the weak dollar, carry trades have to follow suit via majors...

I think we are having 0500 and 1.43 today.

Thoughts?
  • #36,071
  • Oct 18, 2007 3:47am Oct 18, 2007 3:47am
Geeezzzzzz !!!!! Is this the POLITICAL CABLE THREAD here, or what ?!?!?!

The western socio-political system that most of us live in is not perfect...but it's way better than everything else in this world. Don't like it...hehhehehehe...go live in China...Iraq...or...more close to home, Cuba. I promise you...you will regret it.....
For he that would be deceived, let him.
  • #36,072
  • Oct 18, 2007 3:49am Oct 18, 2007 3:49am
strong earnings from JPM Chase were not enough yesterday to sustain a gain against very poor housing data. I would consider the major bank's boasting more important than hardware producers.
Thoughts?
It really is that easy.
  • #36,073
  • Oct 18, 2007 3:52am Oct 18, 2007 3:52am
LONG CABLE LONG
Just Trade It
  • #36,074
  • Oct 18, 2007 3:52am Oct 18, 2007 3:52am
Quoting THE FxORCE
strong earnings from JPM Chase were not enough yesterday to sustain a gain against very poor housing data. I would consider the major bank's boasting more important than hardware producers.
Thoughts?
Dow corrected to the 23% fib (12.5K - 14.2K) yesterday in a very techincal move after the housing data.

This level is likely to spur buyers temporarily with the good earnings. 13.950K is now the nut to crack on the way up. Another failure can call for further correction, imo.

Right now, all futures are green, currencies are following suit.
  • #36,075
  • Oct 18, 2007 3:52am Oct 18, 2007 3:52am
Quoting pinchapip
Geeezzzzzz !!!!! Is this the POLITICAL CABLE THREAD here, or what ?!?!?!

The western socio-political system that most of us live in is not perfect...but it's way better than everything else in this world. Don't like it...hehhehehehe...go live in China...Iraq...or...more close to home, Cuba. I promise you...you will regret it.....
I agree 100%, you guys are lucky to have a good political system compared here in my country. You should be thankful.
  • #36,076
  • Oct 18, 2007 3:59am Oct 18, 2007 3:59am
i am short from 2.0470, with a SL at 2.05. that's what i see on my chart.
i guess i'm the only one with a bearish view at this moment. but unless g-u breaks 2.05... my charts say it's going down.

Quoting cesarnc
Better-than-expected earnings are poping from everywhere today.

Nokia, Continental, Pfizer, E-Bay. That's good for the stock market and with the weak dollar, carry trades have to follow suit via majors...

I think we are having 0500 and 1.43 today.

Thoughts?
Nihil Sine Deo.
  • #36,077
  • Oct 18, 2007 4:03am Oct 18, 2007 4:03am
Quoting Scrat
i am short from 2.0470, with a SL at 2.05. that's what i see on my chart.
i guess i'm the only one with a bearish view at this moment. but unless g-u breaks 2.05... my charts say it's going down.
Have fun... Pissing against the wind...
.
  • #36,078
  • Oct 18, 2007 4:04am Oct 18, 2007 4:04am
I think everyone is quite sure USD is negative again today and we're just looking for the best currency to put against it.
CHF is killing USD.
JPY just broke below pin bars on 4hr which is huge IMO.
It really is that easy.
  • #36,079
  • Oct 18, 2007 4:04am Oct 18, 2007 4:04am
Quoting Scrat
i am short from 2.0470, with a SL at 2.05. that's what i see on my chart.
i guess i'm the only one with a bearish view at this moment. but unless g-u breaks 2.05... my charts say it's going down.
I'm not short "Scrat" but what you said makes a lot of sense...at DailyFX they have a cable chart with a little up and a HUUUUGE drop to 1.96.

Well....let's see !!!!!!!!!
For he that would be deceived, let him.
  • #36,080
  • Oct 18, 2007 4:06am Oct 18, 2007 4:06am
Don't know why but i think it's going down as a normal corection to the 4h channell and i think in 2-3 hours i go short after corection is obvious.
Risk Less in the next transaction after a Win.
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