Help needed in OANDA + users from Malaysia 105 replies
DislikedTaking out my GJ long since 216.80. Seems like something bad is gonna happen to cable... oil is high ,gold is high... no good at all for cable. Going short again for cable, target 215.20.
Good luck !
S1 214.65
S2 212.79
S3 209.19Ignored
DislikedHi all....Just drop by to say hello....Just found out about this forum.....Hopefully can learn something from the otai-otai here.....Ignored
QuoteDisliked14:32 GBP/USD: Elicits Support circa 1.9750, US Factory Orders Ahead London, January 3. Cable elicited support circa 1.9750 following its pullback from a pre-ADP employment report peak of 1.9825. That peak was reportedly notched with the aid of German bank and UK clearer buying, from 1.9740/50. A Middle Eastern Central Bank was a buyer of GBP/USD at 1.9745/50 during the European morning.
Loss consolidation from Monday"s high of 2.0103 is the big-picture story, with forecast UK rate cuts weighing on the pound. Today"s downbeat quarterly BoE Credit Conditions survey underpins the lower UK base rate expectation. A Swiss bank predicts that the UK base rate will be 4.5% by November, compared to 5.5% now. The first BoE MPC meeting of 2008 takes place next week (Jan 9/10).
US November factory orders will be disclosed at 15:00GMT. Forecast: +0.5% m/m, to follow a 0.5% rise in October.