Cable Update (GBPUSD)

LOL
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The number of U.S. workers filing new claims for jobless benefits soared last week, suggesting that the housing recession and fears of weaker economic growth are taking a toll on hiring.
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That, in turn, could revive hopes for more interest-rate cuts by the Federal Reserve, particularly if the claims data are confirmed by other labor-market data in coming weeks.
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Futures markets are pricing in roughly even odds that the Fed will lower interest rates an additional 25 basis points when it meets Oct. 30-31, in order to ease the fallout from the ongoing contraction in housing. Thursday's jobless-claims figures, which encompass the survey period for the October employment report, may raise those rate-cut hopes.

LOL
So right

Holy F*ck rises like a true Bull

2.05 done...

I just entered 5 lots long TP at 2.0645

500
500
500
500

dance with me cesar

You guys are doing well today long GU. I'm going short GJ and out with profit already but I see more downside on GJ which tells me GU will not climb as fast as it has. This breakout is big to the upside with GU but I see fundamentals of GJ saying risk aversion today. Personally I'm going to play AUDJPY the rest of the day.

Rocket science....

Sometimes GU and GJ are negatively correlated....

trading 0556 puts 23% fib (0286-0556) at 0493.

Makes sense to me.

thoughts?

I am loaded with longs and sit here till this bull run finishes (days-weeks).... All of you have fun... I am off...

is there any important level around here that must be broken ? From what i see the only thing left is to make a full candle above the 500 level and it's all written in history.

Beware guys 500 was pierced not broken.....

Poll

When ECB intervenes?

A. 1.45
B. 1.50
C. Not gonna

I'm C

0500 will be nice as a Friday's mission.

Or is it 0650?

Maybe the bull run is over. EURUSD has hit the resistance at 1.4311. Let's see what happens in the next hour.

Thats what I like.

Long GU Long

should have a line added:

No Poitically Correct No.

eurusd - frist order is activated

Hip hip huraa.......... the top is 0510.........

OK, stock market is coming all screwed up for the open...

Preparer for the wild ride

13.8K is CRITICAL. Prepare to run for cover if this level goes.