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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #46,121
  • Oct 31, 2007 7:23am Oct 31, 2007 7:23am
Quoting rodders
Hey Breeze,
What sources do you look at for your time set-up?
Sorry 1to100, your not Breeze!
  • #46,122
  • Oct 31, 2007 7:24am Oct 31, 2007 7:24am
hey a quick look at gdp , a rising gdp might indicates inflation which in turn might gives the central bank a reason not to cut rates ... right ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #46,123
  • Oct 31, 2007 7:26am Oct 31, 2007 7:26am
hmmmm... if the US gets a string of good news... maybe the decision for the IR could be no change
  • #46,124
  • Oct 31, 2007 7:28am Oct 31, 2007 7:28am
Yes that is why I see no change that I stated in early post
Quoting maheswara
hey a quick look at gdp , a rising gdp might indicates inflation which in turn might gives the central bank a reason not to cut rates ... right ?
  • #46,125
  • Oct 31, 2007 7:28am Oct 31, 2007 7:28am
wow, nonfarm employment change: expected 60k turned out to be 106k

big diferance. would it have any efect.
  • #46,126
  • Oct 31, 2007 7:36am Oct 31, 2007 7:36am
Would you look at that, positive dollar news across the board, perhaps Mr. Bernanke will come to his senses and not cut the rates, hmmmmmm, unlikely you say?!
Definetelly, INMO this string of dollar positive news could be viewed as an attempt to at least try and prop up the dollar before the rate comes, lol
  • #46,127
  • Oct 31, 2007 7:38am Oct 31, 2007 7:38am
WHAT ARE YOU TRYING TO SAY!..I was answering Aus's question
Quoting rodders
Sorry 1to100, your not Breeze!
  • #46,128
  • Oct 31, 2007 7:50am Oct 31, 2007 7:50am
Quoting maheswara
hey a quick look at gdp , a rising gdp might indicates inflation which in turn might gives the central bank a reason not to cut rates ... right ?
Not so easy mate. There's housing and the credit crunch to think about. On top of that all the wall street boys, banks and funds crying out to the Fed. Right now, avoiding recession seems to be the priority - inflation be damned.
  • #46,129
  • Oct 31, 2007 8:00am Oct 31, 2007 8:00am
All economic data has been ignored. G/J still flirting with 240 range which it might break once the decision is made. This is nuts!!
  • #46,130
  • Oct 31, 2007 8:12am Oct 31, 2007 8:12am
Quoting moneymagnet
Zoran,

are all your short positions now closed in profit?
Check my previous posts. Yes, they were all stopped. Profit was not ideal.
  • #46,131
  • Oct 31, 2007 8:20am Oct 31, 2007 8:20am
Anyone going for long.?
  • #46,132
  • Oct 31, 2007 8:29am Oct 31, 2007 8:29am
Quoting abawpips
Anyone going for long.?

I don't think anyone is doing anything ....baby...

it's cat and mouse at the minute....baby..

no need to rush..baby
  • #46,133
  • Oct 31, 2007 8:32am Oct 31, 2007 8:32am
Quoting gene22
Zoran, any time, better in the summer as the winters suck here big time.
You'll have a blast that is guaranteed.
Good Night all
Yep, it would have to be during the summer, however, the blast bit is what used to concern me. I assume bodyguards are no longer required for tourists?
  • #46,134
  • Oct 31, 2007 8:36am Oct 31, 2007 8:36am
Quoting VishalJ
Not so easy mate. There's housing and the credit crunch to think about. On top of that all the wall street boys, banks and funds crying out to the Fed. Right now, avoiding recession seems to be the priority - inflation be damned.
It seems to be the Yen that is weakening. The USD/GBP and EUR seem fairly stable. Although the dollar has been losing ground, it hasn't been a great deal.

What is your take on the FOMC announcement?
  • #46,135
  • Oct 31, 2007 8:38am Oct 31, 2007 8:38am
If no rate cuts, I will chop my legs off to go short for sweet 500 pips. 4hr and 1hr are on extremely OB.
  • #46,136
  • Oct 31, 2007 8:39am Oct 31, 2007 8:39am
If fed cut 25 bp what will happen to G/J pair >>
- Down
- no movement
- Will go up ?
Quoting Zoran
It seems to be the Yen that is weakening. The USD/GBP and EUR seem fairly stable. Although the dollar has been losing ground, it hasn't been a great deal.

What is your take on the FOMC announcement?
  • #46,137
  • Oct 31, 2007 8:39am Oct 31, 2007 8:39am
Quoting Big Bruv
I don't think anyone is doing anything ....baby...

it's cat and mouse at the minute....baby..

no need to rush..baby
Yup I agree... and NFP week is always a tough week for me to figure out.

Besides they have to many FA's for one day to get a good grip on things.

Something is probably up that will tick everybody off from "Big Mouth Bernie"

lol
  • #46,138
  • Oct 31, 2007 8:48am Oct 31, 2007 8:48am
Quoting bill77
wow, nonfarm employment change: expected 60k turned out to be 106k

big diferance. would it have any efect.
The real NFP release is on Friday. This one is just an indication from an employment provider. They were reasonably accurate last time so it shouldn't be ignored.

Any of our fundies people like to comment? Would strong employment data on Friday be dollar positive?

At the moment price is entering reversal levels and key resistance levels so I wouldn't be surprised if we see round 2 of another big fall. Could this be a typical buy the rumour and sell the news scenario?
  • #46,139
  • Oct 31, 2007 9:07am Oct 31, 2007 9:07am
Quoting abawpips
Anyone going for long.?
Longs? I think you are a bit late. My last remaining long from 237.09 has almost reached target at 239.30. Stop is at 237.80 (locked in 70 pips).

At the moment I will not consider long unless 241.06 breaks. However, depending on the news and action following, I may start to scale into shorts.

If the fed cuts rates by 0.5 then my position is uncertain (unless 241.06 breaks). We have a brick wall at that level.

Chart attached with my buy, stop and TP. Also the purple line at 241.06 is the last bit of strong resistance although the grey shaded area is also resistance. Excuse the mess!
Attached Image (click to enlarge)
Click to Enlarge Name: guppy4h.gif Size: 17 KB
  • #46,140
  • Oct 31, 2007 9:09am Oct 31, 2007 9:09am
So Auslanco... The QQE on 15 min has come down to about 65, and the candles are above the Gann, and the feds didn't make a decision yet. Looking at this alone would indicate that price is going to continue going up, be it so solwly. Not many posts recently to hear what is happening. Have people now retired for the day?
There is no greater gift than to be a friend.
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