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Cable Update (GBPUSD)

  • #51,621
  • Feb 1, 2008 6:48am Feb 1, 2008 6:48am
Quoting jacobtrader
Everyone Be Ready to see 2.00

Do you guys see just about 1 Hour left to NFP.. these Banks bring the Price of GBP/USD at such level, that It will be ready to fly like a rocket upside... haha..
you expect to see 2.00 even if NFP would be positive for $ and even after all those interest cuts cable did not manage to go there?

I don't understand your logic.
  • #51,622
  • Edited 7:28am Feb 1, 2008 7:00am | Edited 7:28am
ok fundamental muse....

The fed has slashed interest rates as it sees the US spiralling into recession

If jobs looks bad well it only confirms what they already know

If jobs dont look too bad then they sure are not going to raise rates

If jobs look really bad they will wait to see the effect of their 1.25% cut

Does anyone seriously think the jobs number - up or down will cause the fed to do anything ?

Surely they are going to sit and watch the effect of what they have done

If the number causes a big movement either way then i think it is false move and worth trading contra once it stops its run...

Bad language - my wife says I can be more offensive than anyone she knows but without using bad language - she says its 'typical of you limeys'

I recommend that method or the alternative which is laughing at your opponents which can give them a stroke at least - which is a lot better than getting em banned even
  • #51,623
  • Feb 1, 2008 7:04am Feb 1, 2008 7:04am
forget about 2.0!
  • #51,624
  • Feb 1, 2008 7:13am Feb 1, 2008 7:13am
Quoting camisa
forget about 2.0!
well.. what surprise me why all this big move before the release NFP, look suspicious.. euro is going higher.. better stay out in such conditions.
  • #51,625
  • Feb 1, 2008 7:13am Feb 1, 2008 7:13am
hi acid !! cool man... up or down?
  • #51,626
  • Feb 1, 2008 7:15am Feb 1, 2008 7:15am
Quoting camisa
forget about 2.0!
well, with the uk industry almost slipping into recession. it seems 2.0
would not be seen in awhile.

hahaahah, cant bellieve it, shorted yesterday since 1.9915 and exit scared like in 1.9910
agains Soros was right, Mr.King, you confused many people with your trichet alike words,
including me.

anyway, if NFP is good, will short gu, still has a lot of room to fall.

(watch out NU, good or bad data usa data, NU can fall....)
  • #51,627
  • Feb 1, 2008 7:22am Feb 1, 2008 7:22am
very tricky... it seems that banks are ready to buy cable... let's watch
  • #51,628
  • Feb 1, 2008 7:23am Feb 1, 2008 7:23am
Quoting acidguy
well, with the uk industry almost slipping into recession. it seems 2.0
would not be seen in awhile.

hahaahah, cant bellieve it, shorted yesterday since 1.9915 and exit scared like in 1.9910
agains Soros was right, Mr.King, you confused many people with your trichet alike words,
including me.

anyway, if NFP is good, will short gu, still has a lot of room to fall.

(watch out NU, good or bad data usa data, NU can fall....)
when u say NFP is good, what figure we are looking at?
  • #51,629
  • Feb 1, 2008 7:29am Feb 1, 2008 7:29am
Quoting abanglong
when u say NFP is good, what figure we are looking at?
bro, at least a numer bigger than 65k.

a number bigger than 100k would make a difference for traders to defend the usd. a number lets say, 30k or less probably will put ut near 1.50.

and cable somehow supported from usd selloff.
watch out, 1min.
  • #51,630
  • Feb 1, 2008 7:42am Feb 1, 2008 7:42am
I will buy cable at 1.9830
  • #51,631
  • Feb 1, 2008 7:44am Feb 1, 2008 7:44am
the diamond has been broken, RUN FOR YOUR LIVES!
  • #51,632
  • Feb 1, 2008 7:45am Feb 1, 2008 7:45am
I told ya I was the real champion when I beat Sonny Liston

I told ya about UK housing a year ago from the word in the street

I told ya this week about US jobs - the word from the street

Anyone who works on published statistics is weeks or months behind what is happening NOW

US jobs are taking a nose dive...

Fundy people rule ok
  • #51,633
  • Feb 1, 2008 7:47am Feb 1, 2008 7:47am
The world's gone mad.



Still not trading in this slop.

What's worse: The pound or the dollar? I'd have to say the pound seems overvalued on any metric. That country is done as a financial empire now that they can't borrow up to their teeth.
  • #51,634
  • Feb 1, 2008 7:49am Feb 1, 2008 7:49am
is gu going down deep tonight?what happened?
  • #51,635
  • Feb 1, 2008 7:54am Feb 1, 2008 7:54am
Strange world of Forex, the worst figures expected come out for NFP and the Dollar strengthens against the sterling, makes me wonder how weak the £ is. Another point I have realised the Euro seems to move twice as faster up than the £ moves up.
  • #51,636
  • Feb 1, 2008 7:59am Feb 1, 2008 7:59am
Quoting lightning f5
Strange world of Forex, the worst figures expected come out for NFP and the Dollar strengthens against the sterling, makes me wonder how weak the £ is. Another point I have realised the Euro seems to move twice as faster up than the £ moves up.
Forget both and look at YEN
  • #51,637
  • Feb 1, 2008 7:59am Feb 1, 2008 7:59am
what happens when the unemployment rate drops?
  • #51,638
  • Feb 1, 2008 8:00am Feb 1, 2008 8:00am
  • #51,639
  • Feb 1, 2008 8:04am Feb 1, 2008 8:04am
who likes the $?
  • #51,640
  • Feb 1, 2008 8:04am Feb 1, 2008 8:04am
I am suprised as well, but only idea which comes into my mind is that unemployment rate came better than expected and January is not the best month for Non Farm.

We will have another news after one hour, if those will be good for US we can say goodbye to cable, becouse then not only technical shapes will show south but and fundamentals.

I wish good trade at this crazy market guys
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