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Cable Update (GBPUSD)

  • #42,461
  • Nov 30, 2007 11:36pm Nov 30, 2007 11:36pm
down up week.
If I Go Broke Trying Then I Will die happy.
  • #42,462
  • Nov 30, 2007 11:56pm Nov 30, 2007 11:56pm
Quoting nonlinear
Cable and Euro have been long for a long time. Looking across the board, all he majors are bucking the long trend - dollar/equities up for now, then down when the bad news eventually hits. No prediction here other than that Dec and Jan will be wild.
You never know, actually. Dollar may go up further when the news hits, because some will see it as an avenue for US economic recovery. That's why trading interest rate releases in current condition of the dollar is a bad idea. And yes it will be a wild ride..it always is. It's why I'm in this game.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #42,463
  • Dec 1, 2007 12:30am Dec 1, 2007 12:30am
Quoting Mina
get out guys and look for shorting below 650
I hate to say it :
TOLD YOU
  • #42,464
  • Dec 1, 2007 5:02am Dec 1, 2007 5:02am
Montly

High: 2.1161 - Low:2.0352 - close:2.0573

Pivot Point: 2.0695

Support: 2.023 - 1.9886 - 1.9421
Resistance: 2.1039 - 2.1504 - 2.1848
  • #42,465
  • Edited 5:53am Dec 1, 2007 5:15am | Edited 5:53am
Quoting Plutonite
You never know, actually. Dollar may go up further when the news hits, because some will see it as an avenue for US economic recovery. That's why trading interest rate releases in current condition of the dollar is a bad idea. And yes it will be a wild ride..it always is. It's why I'm in this game.
Agree.

It dosen't mean when the FED cut IR USD will go down. Sometime it can be opposite. or when the IR announcement come out USD will go down maybe 100 pips then in 30 mins go up 200-300 pips. Because technically speaking, the weekly and monthly shows bullish for US Dollar.

Bernanke is very claver man.
"Invest With The Insiders, Not The Masses" George Muzea
  • #42,466
  • Edited 7:09am Dec 1, 2007 6:12am | Edited 7:09am
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1.Your Own Analises with Screenshot put here -
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we will jump on that -

Lets Make the team of QuickSilver and Contribute the Right Direction
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  • #42,467
  • Dec 1, 2007 9:58am Dec 1, 2007 9:58am
He is not a newbie, he is a PRO but act like newbiess
  • #42,468
  • Dec 1, 2007 10:26am Dec 1, 2007 10:26am
Quoting Designer1
OUR NEW MISSION FOR 100% PROFIT EVERYDAY BY THIS GREAT THREAD OF QUICKSILVER

$10 as first post when market opens will be

"DOWN CABLE DOWN!!!"

:
  • #42,469
  • Dec 1, 2007 10:45am Dec 1, 2007 10:45am
yes, i am sorry to say but the market is likely in neutral condition.

friday even when the usd was gaining value fast across many currencies, for some reason the pound was standing strong. around 2.0500 and 2.0600

anyway look at this, last days the pound have been rallying but suddenly bad news came from uk and it lost the ground of some days.

ok, some people say the usd is gonna gain value but i dont see happening that with the prospect of cutting rates and the credit market doom, but now the thing is we are seeing bad news coming from everywhere.

probably we are seeing a rebalance of risk.
the other point which make me look quietly to the pound is why the bad news were not fully priced in and the current found strong support around 2.0500.

my thinking : i saw some players moving away from euro to pound and commodity currencies like aussie and kiwi.
  • #42,470
  • Dec 1, 2007 11:32am Dec 1, 2007 11:32am
If I had to guess, it would be that cable opens down. My logic is that the shorting was strong enough to push through the 20 SMA and is just started testing the 50 SMA. However, on my chart, the rsi just broke south of 50 on the rsi daily - historically, this looks to trigger automated shorting and a sharper drop. Thus, cable could see a quick and large down move, but I am not trading it because I am a stupid newbie and don't know squat. Ok then, Down cable down. Yeah.
  • #42,471
  • Dec 1, 2007 11:43am Dec 1, 2007 11:43am
Quoting cesarnc
$10 as first post when market opens will be

"DOWN CABLE DOWN!!!"

:
LOLLLLLL
  • #42,472
  • Dec 1, 2007 11:47am Dec 1, 2007 11:47am
i hope we first see a quick rally as a pullback from the last drop (for a short entry)

i would love to see it pullback right to the 38.2 fib, which is also about the new daily pivot, and 200ema on the 4hr chart, and psych number 2.06, and recent major support (hopefully it will turn to resistance)

loads of resistance!!!....could be a beautiful pullback

then my target from there would be the next support, which seems to be major at around 2.05-2.053

any input??
The odds are on my side; let's hope they stay that way!!!
  • #42,473
  • Dec 2, 2007 1:58am Dec 2, 2007 1:58am
~25.december cable is ~2.1....more
  • #42,474
  • Dec 2, 2007 2:02am Dec 2, 2007 2:02am
Next week cable going ~2.0370 start buying somewhere ~2.01 then price turns and going all days up with little ratraces ~ +-150 pipses and ends ~2.1...more weited ~2.13 HAPPY TRADING.
  • #42,475
  • Dec 2, 2007 7:26am Dec 2, 2007 7:26am
Quoting FXdaily
Next week cable going ~2.0370 start buying somewhere ~2.01 then price turns and going all days up with little ratraces ~ +-150 pipses and ends ~2.1...more weited ~2.13 HAPPY TRADING.
agree with that
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  • #42,476
  • Dec 2, 2007 2:08pm Dec 2, 2007 2:08pm
LONDON (Reuters) - Deutsche Bank DBKGN.DE is threatening to abandon plans to back Virgin Group's bid for Northern Rock (NRK.L: Quote, Profile, Research), according to the Sunday Telegraph newspaper.
Northern Rock last week named Richard Branson's Virgin as its preferred bidder, as Virgin said it expected to repay Northern Rock's emergency loans from the Bank of England within three years.
Northern Rock is estimated to have borrowed up to 29 billion pounds ($60 billion) from the Bank of England (BoE) since it was forced to seek emergency loans from the central bank in mid-September when it was hit by a funding crisis.
Deutsche is one of three banks talking to Virgin about providing 15 billion pounds to repay the BoE.
Sources familiar with the matter have said in the past week that financing has yet to be finalized.
But the newspaper's sources said Deutsche now had "serious issues" with Virgin's takeover proposals, and was concerned that Virgin had issued "disinformation" on its level of involvement.
A Deutsche spokesman said the bank was continuing to talk to Virgin, as well as the BoE, Treasury and Financial Services Authority.
A Virgin spokesman said: "The consortium is working with its bankers this weekend and early next week to hammer out final details of a financial package."
J.C. Flowers, the U.S. buyout group founded by former Goldman Sachs partner Chris Flowers, raised the stakes on Friday by offering to improve its bid but also warning it would walk away if the government wouldn't talk with it.
The Telegraph also said Northern Rock's biggest shareholder, Jon Wood of SRM Global, was preparing a rescue plan, based around a rights issue that he would underwrite himself.
The Observer newspaper said Jonathan Bloomer, former boss of UK insurance giant Prudential, had been picked to head a bid by U.S. private equity house Cerberus.
Olivant, an investment group led by Luqman Arnold, former head of Abbey National, is widely expected to formalise an offer this week
  • #42,477
  • Dec 2, 2007 2:26pm Dec 2, 2007 2:26pm
And what that all mean




Quoting tim1234
LONDON (Reuters) - Deutsche Bank DBKGN.DE is threatening to abandon plans to back Virgin Group's bid for Northern Rock (NRK.L: Quote, Profile, Research), according to the Sunday Telegraph newspaper.
Northern Rock last week named Richard Branson's Virgin as its preferred bidder, as Virgin said it expected to repay Northern Rock's emergency loans from the Bank of England within three years.
Northern Rock is estimated to have borrowed up to 29 billion pounds ($60 billion) from the Bank of England (BoE) since it was forced to seek emergency loans from the central bank in mid-September when it was hit by a funding crisis.
Deutsche is one of three banks talking to Virgin about providing 15 billion pounds to repay the BoE.
Sources familiar with the matter have said in the past week that financing has yet to be finalized.
But the newspaper's sources said Deutsche now had "serious issues" with Virgin's takeover proposals, and was concerned that Virgin had issued "disinformation" on its level of involvement.
A Deutsche spokesman said the bank was continuing to talk to Virgin, as well as the BoE, Treasury and Financial Services Authority.
A Virgin spokesman said: "The consortium is working with its bankers this weekend and early next week to hammer out final details of a financial package."
J.C. Flowers, the U.S. buyout group founded by former Goldman Sachs partner Chris Flowers, raised the stakes on Friday by offering to improve its bid but also warning it would walk away if the government wouldn't talk with it.
The Telegraph also said Northern Rock's biggest shareholder, Jon Wood of SRM Global, was preparing a rescue plan, based around a rights issue that he would underwrite himself.
The Observer newspaper said Jonathan Bloomer, former boss of UK insurance giant Prudential, had been picked to head a bid by U.S. private equity house Cerberus.
Olivant, an investment group led by Luqman Arnold, former head of Abbey National, is widely expected to formalise an offer this week
  • #42,478
  • Dec 2, 2007 3:23pm Dec 2, 2007 3:23pm
Quoting FXdaily
And what that all mean
try reading it
  • #42,479
  • Dec 2, 2007 3:24pm Dec 2, 2007 3:24pm
cable now 2.0550 some brokers open
  • #42,480
  • Dec 2, 2007 4:41pm Dec 2, 2007 4:41pm
GMT November 30 Cable opened in New York trading 2.0645 and saw some
heavy selling following some early session consolidation to take the pair down
over 1% on the session to 2.0535 ahead of a minor bounce in the final hours of
trade. The selling came on the back of a broad based USD rally with many
corporates seen booking profits into the month end. Additional confidence in the
US economy on the back of arrangements from the White House and Treasury to deal
with the sub-prime crisis, were also seen propping the buck. Conversely, the
outlook for the UK economy is looking gloomier by the day, with many funds now
seen looking to establish fresh short GBP/USD positions into the new year. One
investment bank has cited the short GBP/USD trade as one of their favorites in
2008.
Next week"s key UK event risk is Thursday"s BoE MPC base rate verdict.
Balance of risk tilts slightly towards no change, as opposed to a 25bp cut to
5.5%. A major bank, which was forecasting a cut but now expects no change, says
greater eventual easing may ensue if the base rate is held at 5.75% next week.
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