Cable Update (GBPUSD)

ECB Trichet set stmt balanced - will monitor all devs very closely; ready to act to keep infl. expns. anchored

what has this dude been smoking?

Genetically Modified Grass

http://www1.istockphoto.com/file_thu...p_in_smoke.jpg

Figures the CBs would leave the DJIA to do the heavy lifting.

We are due a big candle from the 1hr to weekly charts......but the problem is when? today, tomorrow?....? lol (the beauty of forex)

I meant a RED candle

Bernanke: Fed Will 'Act As Needed' On Econ, Inflation
Bernanke: Housing Slump 'Likely To Intensify'
Bernanke: Lower Home Prices Downside Growth Risk
Bernanke:Sees Core Inflation Consistent With Price Stability
Bernanke:Oil, Commodities 'Important' Upside Inflation Risks
Bernanke: 'Weakened' Value Of Dollar Another Inflation Risk
Bernanke: Oil Price Hike May Restrain Economic Growth
Bernanke: Recent Data Suggest 'Resilient' Economy
Bernanke: Subprime ARM Delinquencies Likely To Rise
Bernanke:450,000 Subprime ARMs Per Qtr To Reset Through 2008
Bernanke:Fed Proposal To Target Subprime Loans By Any Lender


Fed's Bernanke tells Congress he expects to see a noticable slowdown in growth during the fourth quarter, followed by a "strengthening" next year. He says the Fed will "act as needed" and expects more bad news on housing. Core inflation, says the chairman, is "consistent with price stability," but the falling dollar could fuel price gains. Bernanke's prepared remarks appear to be a summation of the views offered by his fellow policy makers, and it seems to reinforce the thinking that if the Fed is to cut again, it won't be at the next policy meeting. After all, if the FOMC calls risks balanced at a time where they fully expect to see what they believe will be temporarily weak growth, it's hard to see them lowering rates in December

Phew... stopout at BE.

Moe win..
I lose...

Job done ... enough for today.. Got a new high .. 2.1103..

1511 GMT [Dow Jones] The dollar's slump has sparked concerns about central banks in two main ways, says David Brown at Bear Stearns. "Firstly, the market is concerned that big reserve hoarders, like China, might ditch the dollar for stronger currencies, like the euro. Secondly, there's speculation that the dollar's plunge could spark intervention very soon. (MEX) What kind of intervention??

this forex market is a battle by itself, i don't need to battle my fellow traders. were all here for one purpose, thats to make money.

Once again, dollar thanks Bernanke for nothing and plunges.

Cable above the trendline in the weekly may be a nice opportunity to LONG

Really no sense of humour, as I already noticed before...

anyone shorted based on the recent Bernake remarks?

b.t.w. i will close this trade 5 min after n.y. close so i can get the swap, don't matter where the price is at that time, im done when n.y. close, unless i see a good trade i won't be trading on friday, take all my profit for the week and im not giving none of it back on friday.

W.T.F. YOUR TALKING ABOUT.

the only talk that matter's now is what china says.

it use to be no country can control the currency market, it's to big for anybody to control, bullshit, if china say it selling the dollar watch and see what happen's to the dollar, look for china to say dollar is cheap so where buying the dollar with our euro's and see what happens, china got the u.s. by the ball.

waiting for another fart from china Moe??

if they do i hope it smell like roeses for the u.s., it's been smelling like shit for the u.s. lately.