Cable Update (GBPUSD)

Sha-wing.

And which bar is the Ivana Hump-a-lot bar.

All futures volume and open interest are from the day before. Thats the way the exchanges do it.

That is, other than the electronic contracts.

now 2.0781...small retracement has been ended I think...it should go higher again ...

GBP/USD: Holds Up Well During Carry Trade Sell Off Sydney, November 02: The GBP/USD defied gravity during the late London/US morning session when a falling Wall Street saw other carry trade currencies getting clobbered. There was a rumour that the GBP/USD and GBP/JPY were boosted by a very large buying order for the London Fix put through by a UK clearer.
The GBP/USD eventually came down from the 2.0885 high once the buy order was sated and further losses on Wall Street invited decent GBP/JPY selling at the elevated levels. The GBP/USD ended the US session around flat on an open/close basis while currencies such as the AUD and NZD lost between 2 and 2.5% against the USD. Support is found at yesterday"s 2.0755 low and a break below that level would end an eight day sequence of higher daily lows. This would suggest that the upward momentum is waning and a correction is about to take place. The GBP/USD trades 2.0780/85

It is official...it is aiming at 2.0725....

Chickening out of all those winning trades now, all predictions worked out but EURGBP is only a moderate win. Actually, between me and you, I'm keeping the GJ shorted in hopes of that nice pinbar on GBPUSD actually working out in my favor. If GU shows ANY signs of BS whatsoever I am so closing the bas%$@*.

Happy weekend all.

went short at 2.0805, s/l 2.0850, t/p 2.0600

i went long at 2.0772 with 30pip stoploss

let it drop.

Us Dollar Update ........http://www.fxsurfer.com/forums/images/smilies/smile.gif

The US Dollar may have a Double Bottom formation in it ...
- Price taking out these lows could lead to an even stronger Gbp/Usd
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( Double Click on chart to enlarge )

up cable up... i know you can!! don't bother the orverbought or oversold!
just go where you like to go.. :

Hi All

Next Thursday there important news for the calbe its Interest Rate Statement

I know this is a stupid question as you went short, but you really think its going down to 2.600?? I know we are on the top of the W, D and 4H channel but dont you think todays US figuers are gong to drive prices up before comming down?

I really need your comments!!
Are we going to see cable move up for another 300-400pips????

just an opinion, but i think downward movement seems likely today a - by how much?, that is difficult to determine right now...

I smell range, I am out until monday as my weekend started wednesday night. I'm keeping my profits thank you.
HAPPY WEEKEND EVERYBODY!!!!!!!!

Market consensus for October's non-farm payrolls is around 85K, although the higher ADP number (+106K vs 56K forecast) has led to some upward revisions, notes Commerzbank. A payroll disappointment (sub 70K) is likely to hit stocks and weaken the USD, especially against JPY as risk is cut. Conversely, bank says a strong report (above 125K) could exacerbate slippage in EUR/USD, but the expected lift it would give to stocks and risk appetite would mean USD/JPY recovers.

what you do Ronald is just a very bad advertising for your great firm

FX OPTIONS: Early Trade in 1m Cable Risk Reversal London, November 2. Cable dealers reporting early trade in the 1m 25 delta risk reversal this morning. Contract trading 0.5 GBP puts and comes back around this level. Market said to have traded 0.45 GBP puts mid week - a new medium term low. Better offers coming in after recent spot gains (made a new 26 year high @ 2.0875 yesterday). However, the downside exotic risk that had kept the contract inflated for GBP puts over the last couple of months, looks to be receding on current spot levels, although any sharp retrace, would surely bring this back in to focus. Recall - relates too a Dec expiry 2.00 RKI 1.8200 in several yards

GBP/USD: Buoyed by WSJ Article on Merrill, US NFP Data In Focus London, November 2. Tripped buy stops have helped inflate cable to an intra-day high of 2.0835 in early European trade, as the continent absorbs a WSJ website article headlined "Deals With Hedge Funds May Be Helping Merrill Delay Mortgage Losses". Today"s Asian session range was 2.0763-2.0807.
Yesterday"s new 26-year peak of 2.0875, scaled on the back of a large GBP/JPY buy order from a UK name, is a resistance level north of 2.0835. Exotic option barriers reside at 2.0900 and 2.1000. The exposure at 2.0900 includes One Touch triggers, carrying an estimated GBP 9mn payout, which are slated to expire later this month (on November 14, November 19 & November 30). Yesterday"s low of 2.0755 is a support point south of 2.0763.
Today"s key event risk is the 12:30GMT publication of October"s US employment report. NFP consensus forecast: 85k