Cable Update (GBPUSD)

Quoting jacobtrader

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USD weakness remains on the board..

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Quoting nAVIN2007

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things here in england right now arent good at all ...nobody this year i know is even spending money..house prises are to high, nobody is buying and nobody wants to sell ..the sales this year for retail ..are also very low

maybe there will be a crash soon...who knows but i doubt things in america are worse ....looking at the weekly chart i cant see any reason why it cant go lower..
just as a say this ..theres a break of trend line...typical, we just have to see if it get retested now..

thx ash and moe for pointing us in the direction of weekly charts too and great advises

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Quoting thucai

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What about this :
"I think the GBP/USD has hit a bottom for a few reasons. The first is that the USD is only going to look weaker, falling yields, soft equities and economic uncertainty as we get ready to deal with the presidential race have be biased against the USD. Second, from a technical perspective, the GBP/USD has formed a bullish divergence. In this case I used a 14 period CCI to evaluate the divergence and illustrated that in the video. Divergences have been very useful on this pair in the past, at least in the short term. This is also true when you look at its implied volatility levels. Risk does not seem to be spiking with the new lows. Finally, the news today about rising imports and exports indicates stable demand in the economy and didn't throw up any red flags when I read the data."

I coppied this one from: http://www.pfxglobal.com/index.php?o...=57&Itemid=189

What do u guys think about this bottom?

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Quoting allserene

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I have a dual perspective on this having left the UK recently to live in Florida.

I have been warning on this forum all through last summer and long before the statistics backed me up, that the U.K. housing market was stuck.

My U.K. house has been on the market since April - I have had one viewer up to yesterday and now I have an offer at 75% of the listed price. The house is a standard 'commodity' house, 12 years old and in a nice area and in perfect condition.

Here in Florida , the market is so bad that people speak in 'hushed tones' and everyone advises me to really 'low ball' the sellers as people are long past the pain zone and only dream of real cash buyers

The housing markets are very important in both countries but there is more to it than housing. The MAIN factor has to be jobs - they are only just starting to slip and if a 1995 situation on jobs transpires then we are in for a REALLY rough ride.

Just to remind you, in 1995 I was told by a professional recruitment agency in Leeds that I was 47 years old and I should face up to NEVER having a job again. They were wrong, but if that job scenario comes again this time, imagine the effect of that on an already blitzed housing market and the resulting recession will be bigger than anything I have experienced.

I have the federal insurance limit of $100k ONLY in each bank account in the U.S. and I am retired - but you young chaps should hold tight because if this one goes bad then it's going to be rough..



I think Cable and the future of the respective economies now depends on how the two job markets perform...

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Quoting allserene

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I have a dual perspective on this having left the UK recently to live in Florida.

I have been warning on this forum all through last summer and long before the statistics backed me up, that the U.K. housing market was stuck.

My U.K. house has been on the market since April - I have had one viewer up to yesterday and now I have an offer at 75% of the listed price. The house is a standard 'commodity' house, 12 years old and in a nice area and in perfect condition.

Here in Florida , the market is so bad that people speak in 'hushed tones' and everyone advises me to really 'low ball' the sellers as people are long past the pain zone and only dream of real cash buyers

The housing markets are very important in both countries but there is more to it than housing. The MAIN factor has to be jobs - they are only just starting to slip and if a 1995 situation on jobs transpires then we are in for a REALLY rough ride.

Just to remind you, in 1995 I was told by a professional recruitment agency in Leeds that I was 47 years old and I should face up to NEVER having a job again. They were wrong, but if that job scenario comes again this time, imagine the effect of that on an already blitzed housing market and the resulting recession will be bigger than anything I have experienced.

I have the federal insurance limit of $100k ONLY in each bank account in the U.S. and I am retired - but you young chaps should hold tight because if this one goes bad then it's going to be rough..



I think Cable and the future of the respective economies now depends on how the two job markets perform...

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Quoting FXdaily

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1.9275 Next stop

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Quoting nAVIN2007

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i dont think the £ can go much lower even the fundies are saying its hit a bottom and now its the bank of england going to do there bit to make it go up . theres also divergence so its expected to rocket up..but prolly happen on monday as nobody would want to leave positions open at this point

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Quoting jacobtrader

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next week see GBP/USD to push way down
and 2nd week from now.. see it go up.. enjoy

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