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Cesarnc's market talk, gossips, rumours & fun

  • #801
  • Dec 15, 2007 10:27pm Dec 15, 2007 10:27pm
Quoting Moe
gbp/usd above 2.0000 or below 2.0000 by year end?
Above... I feel it will find support at the trendline...

Or it will crash to oblivion..

But in my opinion it is a excellent time to go long.
  • #802
  • Dec 15, 2007 10:40pm Dec 15, 2007 10:40pm
Quoting Moe
gbp/usd above 2.0000 or below 2.0000 by year end?
We almost thought it was going to be on Friday......


HOLLA
  • #803
  • Dec 15, 2007 10:42pm Dec 15, 2007 10:42pm
Quoting Bigvick991
Above... I feel it will find support at the trendline...

Or it will crash to oblivion..

But in my opinion it is a excellent time to go long.
Sending out my fishing line on Sunday....


HOLLA
  • #804
  • Dec 15, 2007 10:52pm Dec 15, 2007 10:52pm
Quoting Moe
gbp/usd above 2.0000 or below 2.0000 by year end?
one of my brokers keep saying @ 1.96
  • #805
  • Edited 11:23pm Dec 15, 2007 11:05pm | Edited 11:23pm
Quoting benssol
one of my brokers keep saying @ 1.96
That would be a nice "end of year" bonus.......


HOLLA
  • #806
  • Dec 16, 2007 12:01am Dec 16, 2007 12:01am
Quoting Moe
gbp/usd above 2.0000 or below 2.0000 by year end?
what you think
If I Go Broke Trying Then I Will die happy.
  • #807
  • Dec 16, 2007 12:12am Dec 16, 2007 12:12am
Quoting Moe
what you think
As the news events come out this week...each negative event could create more steam as we roll into the holidays.....

HOLLA
  • #808
  • Dec 16, 2007 6:56am Dec 16, 2007 6:56am
I have no call for the rest of the year. What's the point? Out of the blue cable can put 300 pips down or up in a day... LOL...

If I have to guess, I'd guess that the weekly trendline will hold, as it's holding for several months already. Specially if CPI comes above UK's target of 2%.

But my trades will be in GJ (only or mostly), unless something juicy pops up again, like the euro short at 4700...
  • #809
  • Dec 16, 2007 9:23am Dec 16, 2007 9:23am
My trade is in Yen, or Euro. Anything else is "eh"
Patience + Humility + Study = Success
  • #810
  • Dec 16, 2007 11:09am Dec 16, 2007 11:09am
Quoting DutchTrader
My trade is in Yen, or Euro. Anything else is "eh"
UJ dettached from the stock market last week. Do you see it going down to catch up or waiting high for stocks to recover a notch?
  • #811
  • Dec 16, 2007 11:23am Dec 16, 2007 11:23am
Quoting cesarnc
UJ dettached from the stock market last week. Do you see it going down to catch up or waiting high for stocks to recover a notch?
I think UJ goes to 115, all the other high yieldes are moving in tandem with equities.
Patience + Humility + Study = Success
  • #812
  • Dec 17, 2007 2:01am Dec 17, 2007 2:01am
Morning all...

Asia did its homework and tumbled big time. From -1.5% to -2%. Europe futures down, Dow futures down.

Looks like all set for a Monday Bloody Monday
  • #813
  • Dec 17, 2007 2:19am Dec 17, 2007 2:19am
Quoting cesarnc
Morning all...

Asia did its homework and tumbled big time. From -1.5% to -2%. Europe futures down, Dow futures down.

Looks like all set for a Monday Bloody Monday
Its like greenback say :
- "Im not dead YET!!!"
- "You're going DOWN!!!"


http://blogs.cisco.com/news/uncle%20sam.gif
  • #814
  • Dec 17, 2007 2:30am Dec 17, 2007 2:30am
Quoting cesarnc
Morning all...

Asia did its homework and tumbled big time. From -1.5% to -2%. Europe futures down, Dow futures down.

Looks like all set for a Monday Bloody Monday
Yes, Asia is continuing last week's work. I don't think london will reverse big time but it's good to be diversified on your positions and take some profits if you opened from yesterday night. I already closed GJ in anticipation of london ugliness, but EJ looks like it can achieve 2.3100 today, so I'm keeping at least that open. Shorting GU @ 2.0140 as well, the previous bottom has been destroyed. Say hello to the bears.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #815
  • Dec 17, 2007 2:37am Dec 17, 2007 2:37am
Quoting Plutonite
Yes, Asia is continuing last week's work. I don't think london will reverse big time but it's good to be diversified on your positions and take some profits if you opened from yesterday night. I already closed GJ in anticipation of london ugliness, but EJ looks like it can achieve 2.3100 today, so I'm keeping at least that open. Shorting GU @ 2.0140 as well, the previous bottom has been destroyed. Say hello to the bears.
Europe is already down beyond -1%. I didn't take short position in Euro and Cable this morning. Specially cable too close to a trendline.

If it is to be broken, I don't think it will be without a good fight around there.
  • #816
  • Dec 17, 2007 2:44am Dec 17, 2007 2:44am
Cable just dropped below 200MA lines for the very first time in 20 months (since Apr 2006) last Friday close.

This is a turning point wherein we can see some unpredictable up/down for several days.

It could also be just a "bad" MA line - ie, it occur during a time when USD repatriation is going back to homeland USA. Afterall, almost everyone dont like USD so it should not come to a surprise if GBPUSD go up after all of these home-coming party ends.
  • #817
  • Dec 17, 2007 2:47am Dec 17, 2007 2:47am
Quoting BurgerKing
Cable just dropped below 200MA lines for the very first time in 20 months (since Apr 2006) last Friday close.

This is a turning point wherein we can see some unpredictable up/down for several days.

It could also be just a "bad" MA line - ie, it occur during a time when USD repatriation is going back to homeland USA. Afterall, almost everyone dont like USD so it should not come to a surprise if GBPUSD go up after all of these home-coming party ends.
That's what I'm afraid of. Failure to push down might inspire bulls to the party. I'm looking at the H4 for reference. A double bottom in the 0110 area and I'll attempt a long position.
  • #818
  • Dec 17, 2007 2:56am Dec 17, 2007 2:56am
Dec. 17 (Bloomberg) -- Just a month after rising to a 26- year high against the dollar, the British pound is starting to look more like the beleaguered U.S. currency.
The pound weakened against 12 of the world's 16 most actively traded currencies since reaching $2.1161 on Nov. 9. In the U.K., just as in the U.S., policy makers are cutting interest rates to restore calm in credit markets and home prices are declining.


``When we look at economies around the world which are exposed to similar problems as in the U.S., the U.K. is pretty high on our list,'' said Andrew Balls, a global bond fund manager at Newport, California-based Pacific Investment Management Co., which oversees $721 billion. ``Sterling is a good currency to sell.''

(...)

Strategists say there's more pain in store for the pound. Zurich-based UBS AG and Frankfurt-based Deutsche Bank AG, the world's biggest foreign-exchange traders, predict the currency will weaken at least 6 percent against the dollar in 2008. Pimco, a unit of Munich-based insurer Allianz SE, New York-based Merrill Lynch & Co. and Goldman Sachs Group Inc. say sterling may be overvalued by as much as 25 percent, based on the level of trading done between the U.K. and the U.S., and prices for the same goods in the countries.

RMK: The only problem with Bloomberg is that most of the time the market goes the other way
  • #819
  • Dec 17, 2007 3:12am Dec 17, 2007 3:12am
Quoting cesarnc
Dec. 17 ...

RMK: The only problem with Bloomberg is that most of the time the market goes the other way
LOL
  • #820
  • Dec 17, 2007 4:18am Dec 17, 2007 4:18am
Stocks and Yen pairs still dettached. Global stocks and US futures falling hard, but UJ going up...

I got short in GJ this morning in my strategy and felt so happy, as it was inline with the stocks...

Go figure...
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