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Cable Update (GBPUSD)

  • #51,641
  • Feb 1, 2008 8:06am Feb 1, 2008 8:06am
Quoting allserene
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
so why is the unemployment dropping?.........lol..........you kill me........

5.0% to 4.9%
  • #51,642
  • Feb 1, 2008 8:09am Feb 1, 2008 8:09am
Quoting AmeriTrini
who likes the $?
Please you talking in riddles! Where do you think GBP is going now?
  • #51,643
  • Feb 1, 2008 8:10am Feb 1, 2008 8:10am
Quoting TIckerShuffl
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.
As I suspected - a lot of people are influenced still by their resentments of the marvellous British Empire

Even the US owes it's very foundations and language to the wonderful BRITISH EMPIRE

At least half the people on here who are calling GBP short have got a colonial hangover agenda and their opinions are nothing to do with economics or the market

They would love to see their former masters (now their bankers) bite the dust and they waste their money trying to realise their dreams. Well their inferiority complex is often well deserved - but the markets will decide ...
  • #51,644
  • Feb 1, 2008 8:12am Feb 1, 2008 8:12am
Quoting allserene
As I suspected - a lot of people are influenced still by their resentments of the marvellous British Empire

Even the US owes it's very foundations and language to the wonderful BRITISH EMPIRE

At least half the people on here who are calling GBP short have got a colonial hangover agenda and their opinions are nothing to do with economics or the market

They would love to see their former masters (now their bankers) bite the dust and they waste their money trying to realise their dreams. Well their inferiority complex is often well deserved - but the markets will decide ...

BRITISH EMPIRE!!! Haven't you heard about a place called AMERICA! when THE USA sneezes, the BRITISH will have puenomia

The time of the BRITS is over, sorry, but the USA has taken over!!
  • #51,645
  • Feb 1, 2008 8:13am Feb 1, 2008 8:13am
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.
Pound has been weak against all major currencies tonight.. it's not that $ is stronger. There are some major players who are selling the pound. Price action on pound much before NFP was also bearish.. who knows if they are taking positions to go long.
  • #51,646
  • Feb 1, 2008 8:15am Feb 1, 2008 8:15am
long at 1.9800
  • #51,647
  • Feb 1, 2008 8:16am Feb 1, 2008 8:16am
Quoting Bernanke_Sr
long at 1.9800
nah dropping further, you should know this Ben. I bet you trying to trick us, as usual.
  • #51,648
  • Feb 1, 2008 8:17am Feb 1, 2008 8:17am
NFP was crab but still $ did not drop as it should.

It is easy to understand that it is not the result of news that drive prices but other unseen forces....

well.. this is FOREX !

Welcome to the jungle..
  • #51,649
  • Feb 1, 2008 8:17am Feb 1, 2008 8:17am
Quoting AmeriTrini
decline initiated.........
NICE!!!

Who listened, job well done!
  • #51,650
  • Feb 1, 2008 8:20am Feb 1, 2008 8:20am
Maybe the banks think it's the UK non farm report
  • #51,651
  • Feb 1, 2008 8:21am Feb 1, 2008 8:21am




Quoting VishalJ
Maybe the banks think it's the UK non farm report
  • #51,652
  • Feb 1, 2008 8:23am Feb 1, 2008 8:23am
2 MAJOR supports have been broken!!.............
  • #51,653
  • Feb 1, 2008 8:23am Feb 1, 2008 8:23am
Quoting goodchong
I will buy cable at 1.9830
Quoting Bernanke_Sr
long at 1.9800
are you guys crazy or what?
  • #51,654
  • Feb 1, 2008 8:25am Feb 1, 2008 8:25am
Quoting camisa
are you guys crazy or what?
they sure are!!!
  • #51,655
  • Feb 1, 2008 8:26am Feb 1, 2008 8:26am
The markets are trying to figure out the US economy. If it is going to drag down the rest of the World into a recession. That is the market sentiment at the moment. That is why GU went down.
Humble Lifetime Member
  • #51,656
  • Feb 1, 2008 8:27am Feb 1, 2008 8:27am
Quoting camisa
are you guys crazy or what?
nope, the world is crazy.

there are less jobs in usa and the unemplpyment dips, that offer strong support for the usd. (but i prefer to stay aside gu.)
as countries across the atlantic start to infect from usa disease.


commodities who can take big hits can be New Zealand dollar and aussie (this one probably not so much cause gold support it...)

congratz if anyone took short NU at levels i called to short, this pair is really going south over the next couple of days, personally i expect it to crash soon.
  • #51,657
  • Feb 1, 2008 8:28am Feb 1, 2008 8:28am
Quoting camisa
are you guys crazy or what?
I'll buy at 1.9712. If we ever get there.
Humble Lifetime Member
  • #51,658
  • Feb 1, 2008 8:28am Feb 1, 2008 8:28am
big lesson for me today.. I went out of my office and came in just 40 minutes before NFP .. was too late to ride the short wave started at 1.9925 ... the best moves start much before news.. now I would already booked 150 pips ang going.. now it is too late.. life is a lesson you learn it by pieces and not at once!

I went against the wave and lost my previous profit for the day... well... good lesson though.
  • #51,659
  • Feb 1, 2008 8:30am Feb 1, 2008 8:30am
Quoting forexguru
big lesson for me today.. I went out of my office and came in just 40 minutes before NFP .. was too late to ride the short wave started at 1.9925 ... the best moves start much before news.. now I would already booked 150 pips ang going.. now it is too late.. life is a lesson you learn it by pieces and not at once!

I went against the wave and lost my previous profit for the day... well... good lesson though.
dont worry, someone is going to get that 150 pips before we go back up!...

ISM will surprise to the upside as well, so you can still get in!
  • #51,660
  • Feb 1, 2008 8:33am Feb 1, 2008 8:33am
any idea?
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