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Daily Cable Analysis

  • #5,061
  • Jan 31, 2007 1:20pm Jan 31, 2007 1:20pm
well, it hit your beast number cesar!!! now what???
  • #5,062
  • Jan 31, 2007 1:22pm Jan 31, 2007 1:22pm
Quoting mtrmth
well, it hit your beast number cesar!!! now what???
More to come?

5,25% steady. But "rate cut" left in the air. That's what I've read about it.
  • #5,063
  • Jan 31, 2007 1:23pm Jan 31, 2007 1:23pm
Quoting mtrmth
well, it hit your beast number cesar!!! now what???

now we see how it closes off the month and the week.
Man who scratches ass should not bite fingernails
  • #5,064
  • Jan 31, 2007 1:24pm Jan 31, 2007 1:24pm
But its a unaninmous vote to keep steady. Even Lacker who had wanted a hike from past meetings.


edit: sorry Lacker was already replaced by Cathy Minehan.
  • #5,065
  • Jan 31, 2007 1:26pm Jan 31, 2007 1:26pm
can you belive my broker put the spread 15 pip from relase the rate at now!!!!!!!!!!!!!!!!!1
  • #5,066
  • Jan 31, 2007 1:28pm Jan 31, 2007 1:28pm
maybe a rate cut, but they say inflation fears have been basically put to bed. that is good for economy right??? and the housing market is coming back which is also good.

this could be an interesting afternoon with the u.s. traders positioning themselves for the european session. i wish i was a fly in the euro trading rooms, then i would know where to be!!!!!
  • #5,067
  • Jan 31, 2007 1:28pm Jan 31, 2007 1:28pm
Quoting LizardGizzard
Wow. That was an easy 30 pips. Wouldn't discount a drop back to 9620 before resuming the uptrend off the spike.
Yep, got me 25 out of that
  • #5,068
  • Jan 31, 2007 1:30pm Jan 31, 2007 1:30pm
Quoting mtrmth
maybe a rate cut, but they say inflation fears have been basically put to bed. that is good for economy right???

Not always. strong economy are subjected to inflationary risk, that is prevented with rate hike that is good for the currency - our mama
  • #5,069
  • Jan 31, 2007 1:34pm Jan 31, 2007 1:34pm
[THE FOMC STATEMENT] Though some of the details have changed, the central thrust of the FOMC statement is very much the same today as in the prior edition. Worry over both the pace of growth and inflation have diminished. The view of recent data has been upgraded to 'somewhat firmer economic growth" and "tentative signs of stabilization...in the housing market." Core inflation readings have "improved modestly in recent months" and are no longer described as "elevated." Inflation seems "likely to moderate over time." High resource use levels are still cited, but that cannot change as long as the jobless rate is at a cycle low. "The Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed" will depend on the data. Sound familiar?

All those "words" reflecting on the price, interesting... If the guy says "gonna hunt for bears on the weekend", the market freaks out
  • #5,070
  • Jan 31, 2007 1:35pm Jan 31, 2007 1:35pm
I'll just trade with the candle color from fib dot to fib dot on the weekly.

http://i15.tinypic.com/2qtvjbm.jpg
"Even a 100 pip profit begins with the first pip."
  • #5,071
  • Jan 31, 2007 1:36pm Jan 31, 2007 1:36pm
ok, so what you are saying is that as long as inflation has to be tamed or controlled with rate hikes, that currency gets stronger??? but since the u.s. economy slowed last half of last year, the dollar weakend. now that there is strength in the economy again, shouldn't the dollar gain some on the pound instead of losing ground??? anyone else's opinion is also solicited.
  • #5,072
  • Jan 31, 2007 1:39pm Jan 31, 2007 1:39pm
it is hunting for that 9620 there lizard
  • #5,073
  • Jan 31, 2007 1:41pm Jan 31, 2007 1:41pm
Quoting mtrmth
ok, so what you are saying is that as long as inflation has to be tamed or controlled with rate hikes, that currency gets stronger??? but since the u.s. economy slowed last half of last year, the dollar weakend. now that there is strength in the economy again, shouldn't the dollar gain some on the pound instead of losing ground??? anyone else's opinion is also solicited.
Hey, this was all about scalping the news here. USD-positive news is having NO effect on USD for the whole month now...

It's being all about GBP hike / USD no-hike. The long term GBPUSD trend remains up...

no support broken at 9480 and back to channel, right where we were trading as of 24 hr ago.
  • #5,074
  • Jan 31, 2007 1:45pm Jan 31, 2007 1:45pm
i would have raised rates, just to hose all the longs!!!!
  • #5,075
  • Edited Feb 2, 2007 11:46am Jan 31, 2007 1:46pm | Edited Feb 2, 2007 11:46am
888 here we come....
its just money
  • #5,076
  • Jan 31, 2007 1:50pm Jan 31, 2007 1:50pm
Quoting mtrmth
i would have raised rates, just to hose all the longs!!!!
Say it, THEN CORRECT IT... talk about hosing!!
"Even a 100 pip profit begins with the first pip."
  • #5,077
  • Jan 31, 2007 1:52pm Jan 31, 2007 1:52pm


Quoting de123
888 here we come....
  • #5,078
  • Jan 31, 2007 1:54pm Jan 31, 2007 1:54pm
Quoting cesarnc
That would be nice to see 94, 95, 96, 97 today... C'mon! Just for the fun... easy 50 lil pips
  • #5,079
  • Jan 31, 2007 1:54pm Jan 31, 2007 1:54pm
so what we are seeing is the british economy is much stronger than the u.s. economy, therefore stronger currency. right???

so no matter if the rest of the data comes out as predicted or better for u.s., the dollar will still lose strength. if it comes out worse than expected, double up cuz it will really get weaker???

unless the next meeting produces a rate hike, the gbp will continue to go up on the longer term trend??? if boe raises rates again, that will push the gbp up higher???

if this is scenerio, there will be opportunities to scalp as well, right???

i really think i need to do drugs to understand this stuff!!!!!
  • #5,080
  • Jan 31, 2007 1:55pm Jan 31, 2007 1:55pm
Quoting mtrmth
ok, so what you are saying is that as long as inflation has to be tamed or controlled with rate hikes, that currency gets stronger??? but since the u.s. economy slowed last half of last year, the dollar weakend. now that there is strength in the economy again, shouldn't the dollar gain some on the pound instead of losing ground??? anyone else's opinion is also solicited.
We have basically moved out of concern of stagflation on both ends. Inflation risk will always remain a concern, but as far as the economy goes the fed is more at ease to do whatever is necessary to maintain a healthy level of growth wether it be a hike or a cut. The X factor should now shift largely to real estate as it is due for a real hard landing, i am of the school of thought that would speculate a rate cut on this basis alone everything else held equal. For this reason coupled with GBP inflation risks in the employment sector, I believe we should see the magical 2.0000 in the immediate future.
Man who scratches ass should not bite fingernails
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