"Luxury is one of the basic needs", (c), Don Corleone
Cable Update (GBPUSD)
- #43,602
- Dec 7, 2007 7:43am Dec 7, 2007 7:43am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
- #43,604
- Dec 7, 2007 7:44am Dec 7, 2007 7:44am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
- #43,606
- Dec 7, 2007 7:46am Dec 7, 2007 7:46am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
CABLE DOWN!!!
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,608
- Dec 7, 2007 7:49am Dec 7, 2007 7:49am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
DOWN!!!
UP!!!
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,609
- Dec 7, 2007 7:49am Dec 7, 2007 7:49am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
- #43,610
- Dec 7, 2007 7:51am Dec 7, 2007 7:51am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,614
- Dec 7, 2007 7:56am Dec 7, 2007 7:56am
Non-Farm Payrolls Instant Insight
Friday, 07 December 2007 12:43:34 GMT
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Written by Kathy Lien, Chief Strategist
US non-farm payrolls increased 94k in the month of November, which is not good enough to save the dollar. The strong ADP employment report released on Thursday made traders and analysts question their originally bearish forecasts - they should have stuck to their guns as 9 out of the 10 leading indicators for non-farm payrolls that we typically follow forecasted weaker job growth.
The market's expectations were definitely skewed to the upside going into the number and today, they were sorely disappointed. Even though the October figure was revised up slightly and the unemployment rate remain unchanged at 4.7 percent, this number tells us that the US economy is beginning to suffer from slower growth. Currency traders aren't sure how to react to the payrolls bynver as the US dollar remains basically unchanged in the first few minutes of post payroll trading. However, the longer term implication of this morning's number is dollar negative and not positive. For the Federal Reserve, this leaves the door open for a 50bp cut. Stocks are already sharply higher. At the same time, even though we expect dollar weakness to resume, especially against the Euro, the details of the labor market report is not weak enough to take the EURUSD to a new record high before the Federal Reserve interest rate decision.
:surprised:partying_face:
Patience is virtue
- #43,617
- Dec 7, 2007 7:59am Dec 7, 2007 7:59am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
looks like my SL is safe...for now
soon will hit.. don't worry
:
"Invest With The Insiders, Not The Masses"
George Muzea
- #43,618
- Dec 7, 2007 8:00am Dec 7, 2007 8:00am
- Joined Sep 2006 | Status: Trader | 2,163 Posts
Guys,
This is a dangerous market to trade at the moment, it has the potential to swallow your $$$$$. If you do get a signal from your strategy make sure it has tight stops and if she does move you way then maximise those profits but watch for the losses. No need to be a hero today!!
Trade what you see and not what you want to see!!!
Watch how she reacts near the psycho numbers the 00 and 50's - these hold the ultimate clue to where we are headed.
Good luck all!
i see long buddy... long...
"Invest With The Insiders, Not The Masses"
George Muzea
