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Cable Update (GBPUSD)

  • #43,861
  • Dec 10, 2007 10:42pm Dec 10, 2007 10:42pm
Quoting arinforex
salam QS,

what ur recommendation for today.. i go for long GU n EU and short UJ...what is ur opinion.. kindly please advice..
I guess the market will go up but very slow until interest rate announcement.
I'm thinking to short after the interest rate news if i see an oppurtunity.

I'm still out at the moment.
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,862
  • Dec 10, 2007 10:50pm Dec 10, 2007 10:50pm
Quoting Qu|cksilver
I guess the market will go up but very slow until interest rate announcement.
I'm thinking to short after the interest rate news if i see an oppurtunity.

I'm still out at the moment.
short after the news because they will only cut by 1/4 point!!!!......seen as bullish for the dollar because the converse would be to cut by 1/2 a point. this will also probably be seen as the end of the easing cycle for the FED and the BoE will just starting theirs..............just my opinion..........
  • #43,863
  • Dec 10, 2007 10:53pm Dec 10, 2007 10:53pm
But considering fundamental economics, isn't the huge deficit, rampant spending, FED M3 rating, loans from China, costly war.. all in all, pointing towards an eviscerated USD in the long term?

There are even those analysts (some of whom represent the Federal Reserve) who have predicted a risk of Hyperinflation within the next 10-15 years.
  • #43,864
  • Dec 10, 2007 10:58pm Dec 10, 2007 10:58pm
Quoting Shigawire
But considering fundamental economics, isn't the huge deficit, rampant spending, FED M3 rating, loans from China, costly war.. all in all, pointing towards an eviscerated USD in the long term?

There are even those analysts (some of whom represent the Federal Reserve) who have predicted a risk of Hyperinflation within the next 10-15 years.
and hyperinflation is bullish for the us dollar!!! interest rates will go up!!!
  • #43,865
  • Dec 10, 2007 11:06pm Dec 10, 2007 11:06pm
Quoting AmeriTrini
and hyperinflation is bullish for the us dollar!!! interest rates will go up!!!
lol, go up?
that would the final stochade to destroy american economy.

what i think the fed should start doing is keeping the low but steady devaluation of the dollar and make americans spend less to avoid inflation.
or by name, live in their means and not beyond.

the progressive shift between imports to exports. maybe america can start a new cycle. but if keep the current imports levels. america is doomed.
  • #43,866
  • Dec 10, 2007 11:08pm Dec 10, 2007 11:08pm
AmeriTrini:
eh? what do you mean by that?

Maybe you purposefully are saying the opposite of what's true to us?

inflation means that the currency is devalued.
hyperinflation is such a powerful force that no amount of federal regulation can stop it.

when Germany had the hyperinflation from 1917 to 1921, people couldn't buy a roll of bread unless they had a wheelbarrow filled with money.
yea, the money even got so worthless that it was more worth using to keep you warm by burning it.
Hitler had the hyperinflation to thank for making the people so desperate.
  • #43,867
  • Dec 10, 2007 11:10pm Dec 10, 2007 11:10pm
Quoting acidguy
lol, go up?
that would the final stochade to destroy american economy.

what i think the fed should start doing is keeping the low but steady devaluation of the dollar and make americans spend less to avoid inflation.
or by name, live in their means and not beyond.

the progressive shift between imports to exports. maybe america can start a new cycle. but if keep the current imports levels. america is doomed.
im not for raising interest rates, but i was just commenting on what the guy before me said about hyperinflation.
  • #43,868
  • Dec 10, 2007 11:14pm Dec 10, 2007 11:14pm
so ?? to keep it simple.. long GU or short GU ? kekekekeke
  • #43,869
  • Dec 10, 2007 11:23pm Dec 10, 2007 11:23pm
Quoting arinforex
so ?? to keep it simple.. long GU or short GU ? kekekekeke
my recommendatio is wait and relax. so far gbp steam seems to be slowing.
we have uk trade balance in few hours, i am sure this currency is going to overreact cause the mixed uk expectactions.

my forecast is if data dissapoints, this currency could go really down about 2.0300 - 2.0355. if its pretty good a rally above 2.0550 is possible.

anyway, wait.
  • #43,870
  • Dec 10, 2007 11:28pm Dec 10, 2007 11:28pm
I see a nice pennant forming, indicating a possible upward explosion very shortly....
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 16 KB
"Lunch ? Lunch Is For Wimps !"
  • #43,871
  • Dec 10, 2007 11:28pm Dec 10, 2007 11:28pm
in my openion 100% CABLE UP UP UP UP!!!!!!!!!!!! 620 TARGET!!!!!!!!!!!!!!!!!
  • #43,872
  • Dec 10, 2007 11:36pm Dec 10, 2007 11:36pm
Quoting MrFuture
I see a nice pennant forming, indicating a possible upward explosion very shortly....
lol, i just wonder how many banks still use M30 for trading.
just kidding, it has room to go up but the next gbp news is gonna decide the fate of this currency for the short-mid term.

also fed rate cut decition, if the man cut 50points, thats a huge strong buy gbp signal for a crazy rally.
  • #43,873
  • Dec 10, 2007 11:37pm Dec 10, 2007 11:37pm
Quoting Designer1
in my openion 100% CABLE UP UP UP UP!!!!!!!!!!!! 620 TARGET!!!!!!!!!!!!!!!!!
is yr guitar playing the song today dude ?? 620 target ???
not sure myself.. my target onli 550
  • #43,874
  • Dec 10, 2007 11:39pm Dec 10, 2007 11:39pm
Quoting acidguy
lol, i just wonder how many banks still use M30 for trading.
just kidding, it has room to go up but the next gbp news is gonna decide the fate of this currency for the short-mid term.

also fed rate cut decition, if the man cut 50points, thats a huge strong buy gbp signal for a crazy rally.

That's actually 1HR chart....
"Lunch ? Lunch Is For Wimps !"
  • #43,875
  • Dec 10, 2007 11:44pm Dec 10, 2007 11:44pm
in 1HR Chart, we have the pretty widely used 231 EMA Coming just above the price. i hope its just not coincidence.

http://i18.tinypic.com/6z4gox0.gif
  • #43,876
  • Dec 10, 2007 11:48pm Dec 10, 2007 11:48pm
see the analisesssss where we are going which trendline we are right now folowing let s seeee
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 135.gif Size: 23 KB
  • #43,877
  • Dec 11, 2007 12:04am Dec 11, 2007 12:04am
Might be the highest cable can go only up to somewhere 2.0600
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,878
  • Dec 11, 2007 12:19am Dec 11, 2007 12:19am
arkhh, should long UJ, carry trade seems strong..
  • #43,879
  • Dec 11, 2007 12:22am Dec 11, 2007 12:22am
Quoting Qu|cksilver
Might be the highest cable can go only up to somewhere 2.0600
i can not agree more. this is the situation for now. technically probably fundamentally too. but....

if fed cut 50basis points. this can explode to the upside for the rate differentials.

in the worst case, fed does not cut any rate. i am shorting this thing for about 2.0100.
  • #43,880
  • Dec 11, 2007 12:27am Dec 11, 2007 12:27am
Quoting acidguy
i can not agree more. this is the situation for now. technically probably fundamentally too. but....

if fed cut 50basis points. this can explode to the upside for the rate differentials.

in the worst case, fed does not cut any rate. i am shorting this thing for about 2.0100.


We can't say anything yet until FED announcement.
I say 2.0600 just "maybe".
"Invest With The Insiders, Not The Masses" George Muzea
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