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Cesarnc's market talk, gossips, rumours & fun

  • #201
  • Dec 6, 2007 2:26am Dec 6, 2007 2:26am
stay out, the rumors has drag the cable down, this time if there smoke there might just be a fire.
If I Go Broke Trying Then I Will die happy.
  • #202
  • Dec 6, 2007 2:39am Dec 6, 2007 2:39am
Less than an hour to go. In my opinion the damage has already been done, and it will be very risky going for anything above 50 pips on any announcement today, except if the decision is to raise rates, which of course is comical/impossible.

The GBP has it's fate sealed. 2.1 is waving goodbye, wave back!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #203
  • Dec 6, 2007 2:43am Dec 6, 2007 2:43am
If I Go Broke Trying Then I Will die happy.
  • #204
  • Dec 6, 2007 2:50am Dec 6, 2007 2:50am
Quoting Plutonite
Less than an hour to go. In my opinion the damage has already been done, and it will be very risky going for anything above 50 pips on any announcement today, except if the decision is to raise rates, which of course is comical/impossible.

The GBP has it's fate sealed. 2.1 is waving goodbye, wave back!
Not less than an hour... It will be 7am EST no? 3:15h to go...

But I'm with you on this one... I think any outcome today will be shadowed by tomorrow's NFP. It's usual the day before NFP to see choppy trading. Specially THIS NFP with the ADP we had and the rate statement next week.

Important will be understanding what a BOE decision today will mean:
1)- no-change as an open door for a cut next month or not?
2)- a cut is a start for a cut cycle or not?

And

If Both BOE and FED go cut-biased simultaneously, which currency do we short?
  • #205
  • Dec 6, 2007 3:12am Dec 6, 2007 3:12am
at that point you will short the pound, because that's the begining of there economy woes, we already no where the u.s.a. economy stand, it can only get a little better.
If I Go Broke Trying Then I Will die happy.
  • #206
  • Dec 6, 2007 3:33am Dec 6, 2007 3:33am
That was fun.

Industrial production 0.4% against 0.2% forecast IN THE SAME DAY the market is pricing a rate cut...

This is going to be a day to remember.
  • #207
  • Dec 6, 2007 3:34am Dec 6, 2007 3:34am
GBP news came good..so we'll see bullish till BOE cut rates?
  • #208
  • Dec 6, 2007 3:36am Dec 6, 2007 3:36am
Quoting cesarnc
That was fun.

Industrial production 0.4% against 0.2% forecast IN THE SAME DAY the market is pricing a rate cut...

This is going to be a day to remember.
May be BOE not going to cut rates..seems like this news gave a sign that BOE not going cut rates..
  • #209
  • Dec 6, 2007 3:46am Dec 6, 2007 3:46am
Quoting cesarnc
Not less than an hour... It will be 7am EST no? 3:15h to go...
Yep, my bad, good thing I'm not managing the FF calendar, the market would be a lot more interesting if I was. OOPS, breaking news guys, we decided not to release the NFP and are instead releasing candy sales data today, which is more useful. Oh and the interest rates won't be out because my mom overslept. Blame her.

Quote

If Both BOE and FED go cut-biased simultaneously, which currency do we short?

We buy yen in a diversified manner but with more emphasis on selling the pound. Moe above gives a good reason why.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #210
  • Dec 6, 2007 3:58am Dec 6, 2007 3:58am
Quoting Srikanth
May be BOE not going to cut rates..seems like this news gave a sign that BOE not going cut rates..
Not crazy...
  • #211
  • Dec 6, 2007 4:01am Dec 6, 2007 4:01am
Another scenario:

- BOE cuts to prevent slowdown, stocks surge, cable spikes down and soars via carry trades

Ain't this a beautiful world we live in?
  • #212
  • Dec 6, 2007 4:08am Dec 6, 2007 4:08am
Quoting cesarnc
Another scenario:

- BOE cuts to prevent slowdown, stocks surge, cable spikes down and soars via carry trades

Ain't this a beautiful world we live in?
Another one: BOE cuts rates, stocks surge, US investors buy on the FTSE, cable soars, trichet speech involves trichet saying "pound is overpriced" pound plummets, dollar soars, carries go nowhere. Have a great day.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #213
  • Dec 6, 2007 4:47am Dec 6, 2007 4:47am
about an hour to go

http://www.funnypictures.ws/albums/u.../gun%20dog.jpg
  • #214
  • Dec 6, 2007 4:47am Dec 6, 2007 4:47am
Quoting cesarnc
Another scenario:

- BOE cuts to prevent slowdown, stocks surge, cable spikes down and soars via carry trades

Ain't this a beautiful world we live in?
Yes it is.
Humble Lifetime Member
  • #215
  • Dec 6, 2007 5:11am Dec 6, 2007 5:11am
thanks to remember me there are interest rate statements today,..i am scalping the whole monring, without knowing there are some important news,...thanks cesar,...now ill wait a little bit,...uf,....another thing is,...the most probably they will leave them unchanged,...but i hope EUR will raise them, and gbp cut them,...that will make eur/gbp 0.7666 intermediate term....and we could once and for all say that eur/gbp is no longer a range pair,..which still many believs...:
its just money
  • #216
  • Dec 6, 2007 5:14am Dec 6, 2007 5:14am
Quoting de123
thanks to remember me there are interest rate statements today
No problem. Well, I guess you've been to Mars this week
  • #217
  • Dec 6, 2007 5:18am Dec 6, 2007 5:18am
Quoting cesarnc
No problem. Well, I guess you've been to Mars this week
U are underestimating me...,...i wasnt in this galaxy ,...
its just money
  • #218
  • Dec 6, 2007 5:20am Dec 6, 2007 5:20am
Quoting de123
U are underestimating me...,...i wasnt in this galaxy ,...
dealer brought new stuff to the neighborhood?
  • #219
  • Dec 6, 2007 5:29am Dec 6, 2007 5:29am
E. both on hold.

Too much smoke, no fire. Only smoke. And Colombia counting the cash.

where's the damn pool?
  • #220
  • Dec 6, 2007 5:34am Dec 6, 2007 5:34am
soory i delete it,..since i didnt make all choices,...ok here it is,

can i add a clasic poll...

a.) eur, gbp raise them
b.) both cut them
c.) eur raise them, gbp cut them
d.) eur hold, gbp cut
e.) eur and gbp on hold
f.) eur hold, gbp raise
g.) eur raise them, gbp hold
h.) eur cut, gbp hold..

pls vote
its just money
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