Cable Update (GBPUSD)

as expected

BANG!! hit my stoploss!
another long target 850.

Stocks and gold are falling .

The Fed's move and its bias going to neutral is viewed by MF Global's Andrew Brenner as policymakers "desperately trying to get the markets to stop viewing them as a last resort." But the current subprime mess isn't likely to accommodate their wish. "We don't think this has a prayer of being successful as the problems in the financial markets remain severely troubled," he said, adding that he expects the Fed to cut again in December when it next meets.


Neither the Fed's rate cut, nor its communication skills, have got a ringing endorsement from the rates markets so far. "This is a pretty ambiguous meeting from the market's standpoint," says Ajay Rajadhyaksha, co-head, US fixed income strategy at Barclays Capital. "If anything I think it was somewhat hawkish," he said, given the Fed's acknowledgment that "some inflation risks remain."

???????????

FF show 4.25%...........

Dam, that lost me £1.44

may be the editing man was dreaming with a day like the prior decision day

like me

Yep....FF thinks 0,25 is not enough !!!!!!!!!!!!

The sense of neutrality implied by the FOMC statement regarding the balance of risks doesn't mean the Fed is ready to keep rates steady, says Alan Ruskin at RBS Greenwich Capital. "This should not be read as the Fed closing the door on easing, but they are signaling that the bar will be set quite high for them to cut at the next meeting. In sum, it will take more than the Fed effectively making statements to change the broader trend of USD weakness and long carry. It will need strong data rather than words to squeeze positions... over to the employment report," Ruskin wrote in a research note.

im long again...tp open,..come on,..sky the limit,...

Indeed

$$$$$$$$$ ....no wait, that's not money anymore...€€€€€€€€€€

wooooooobabywooooooo

96% lowering rates and 4% no change is not a decent chance of no change. Anyway once again Bloomberg got it wrong.

Nice!!!

when is the next cut??...

Next FOMC Meeting is Dec 11th.

waheeeeeeeeey! bye bye dollar.. There really is nothing to save the buck at the moment!

With very high oil, is this going to cause big inflationary problems for the future?

I don't think they get things wrong. They just bet against the mass.

If they are wrong, so what?

If they are right, they can "once again Bloomberg has anticipated that..."

Media...

A few stop losses where hit, enter jackos anit hedging stratagy and the out come is


WOOOOOBABYWOOOOOOO