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Daily Cable Analysis

  • #5,161
  • Feb 1, 2007 3:45am Feb 1, 2007 3:45am
UK Mfg PMI 52.8 vs 51.9 predicted
Trading Levels with WRBs
  • #5,162
  • Feb 1, 2007 4:37am Feb 1, 2007 4:37am
Eur/usd retraced to 130.00 and seems to be picking up from there, if so both eur & cable should go higher.
  • #5,163
  • Feb 1, 2007 4:54am Feb 1, 2007 4:54am
Quoting coshbrewer
Eur/usd retraced to 130.00 and seems to be picking up from there, if so both eur & cable should go higher.
EURUSD has been under pressure so far in Europe today. I have found a bit of support here ahead of 1.3000 and EURJPY at 156.70
With Regards, MKTrader Not Risk Not Gain!
  • #5,164
  • Feb 1, 2007 5:10am Feb 1, 2007 5:10am
Well it's on the move, but where is it going!!!
  • #5,165
  • Feb 1, 2007 5:58am Feb 1, 2007 5:58am
Although the FOMC post mortem is likely to continue for a while yet, it is unlikely to be long before attention turns to this week's other big event - Fri's [NFP] release and on this note the latest anecdotal US jobs survey indicates a firmer outcome for Jan. Indeed, the [MONSTER EMPLOYMENT INDEX], which ticked up to 168 last month from 167 in Dec, though still remains some way short of the 175 recent high in Nov 2006. Nevertheless, the headline reading, which measures overall demand for staff from on-line recruitment activity compiled from over 1500 websites suggests that the strength shown in Dec payroll numbers may have continued last month. Note, the f/c range for tomorrow's data is +150-190k after the 167k rise in Dec.
  • #5,166
  • Feb 1, 2007 6:17am Feb 1, 2007 6:17am
Quoting cesarnc
Although the FOMC post mortem is likely to continue for a while yet, it is unlikely to be long before attention turns to this week's other big event - Fri's [NFP] release and on this note the latest anecdotal US jobs survey indicates a firmer outcome for Jan. Indeed, the [MONSTER EMPLOYMENT INDEX], which ticked up to 168 last month from 167 in Dec, though still remains some way short of the 175 recent high in Nov 2006. Nevertheless, the headline reading, which measures overall demand for staff from on-line recruitment activity compiled from over 1500 websites suggests that the strength shown in Dec payroll numbers may have continued last month. Note, the f/c range for tomorrow's data is +150-190k after the 167k rise in Dec.
I think we will be gravely dissapointed with the numbers tomorrow and that there will be a large adjustment down to last months numbers. Although we have lost all confidence in ADP, their numbers are supposed to take these adjustments already into consideration.
Man who scratches ass should not bite fingernails
  • #5,167
  • Feb 1, 2007 6:21am Feb 1, 2007 6:21am
I am short with TP at 1.9600 ... Might be wrong though...
I am just here to talk nonsense =D
  • #5,168
  • Feb 1, 2007 6:25am Feb 1, 2007 6:25am
Quoting Leugimp
I think we will be gravely dissapointed with the numbers tomorrow and that there will be a large adjustment down to last months numbers. Although we have lost all confidence in ADP, their numbers are supposed to take these adjustments already into consideration.
I´m disappointed with overrall US news... But, if we've learned the lesson, we'd better watch for early Europe session tomorrow...

And pray for quick scaping opportunities today...
  • #5,169
  • Feb 1, 2007 6:27am Feb 1, 2007 6:27am
Quoting Zarul Shahrin
I am short with TP at 1.9600 ... Might be wrong though...

Whats the strength of your poker hand, I only ask because prior to news the market may throw alot of bluffs at you so if your hand is weak, you will most likely drop it. Is it a premium hand?
Man who scratches ass should not bite fingernails
  • #5,170
  • Feb 1, 2007 6:30am Feb 1, 2007 6:30am
Quoting pipple
i have 1.9672 and 1.9697 as resistance, i think 97 holds and sells off from there, will short if it gets up there
scratch that, just entered long @ 1.9684 incl spread TP 1.9729 SL 1.9560 may remove TP depending on price action and the 2 reports coming out. lets move on up baby!
  • #5,171
  • Feb 1, 2007 6:33am Feb 1, 2007 6:33am

shorted @9676..target 9620...yesterday move 100 pips before news...so i wanna try my luck

"Analysis Is Hard But Trade Is Easy"
  • #5,172
  • Feb 1, 2007 6:34am Feb 1, 2007 6:34am
what do you think about the effect of the news releases coming up soon?
  • #5,173
  • Feb 1, 2007 6:34am Feb 1, 2007 6:34am
Quoting pipple
scratch that, just entered long @ 1.9684 incl spread TP 1.9729 SL 1.9560 may remove TP depending on price action and the 2 reports coming out. lets move on up baby!
I hope you have multiple lots on with multiple TPS with an initial risk/reward that far out of whack
Man who scratches ass should not bite fingernails
  • #5,174
  • Feb 1, 2007 6:35am Feb 1, 2007 6:35am
Quoting pipple
scratch that, just entered long @ 1.9684 incl spread TP 1.9729 SL 1.9560 may remove TP depending on price action and the 2 reports coming out. lets move on up baby!
I've read that stops lie at 50% fibo 9915-9481, that would be around 9697.


this 9697 - 9707 is key for the up trend... Next fibo (61.8) - 9748, before reaching the dreaded 9777

Haven't thought about the way down, yet...
  • #5,175
  • Feb 1, 2007 6:49am Feb 1, 2007 6:49am
Quoting cesarnc
I've read that stops lie at 50% fibo 9915-9481, that would be around 9697.


this 9697 - 9707 is key for the up trend... Next fibo (61.8) - 9748, before reaching the dreaded 9777

Haven't thought about the way down, yet...
Be patient, it's still stuck at the demonic 9666 so far.
Tra-X
  • #5,176
  • Feb 1, 2007 6:51am Feb 1, 2007 6:51am
Quoting cesarnc
Haven't thought about the way down, yet...
Oh... on the way down, price didn't retrace to 38.2% from low 9481 ro high 9671 yesterday... Had spent several hours at the 23% fib (9623) where the 250 EMA lies and made another high today. All other indicators are bullish in the hourly and 4 hr.

Guess the pressure is to the upside today and eventual USD-positive news made have no effect ... That's why the waiting before fighting the soldiers expected to be heavily armed at 9697...
  • #5,177
  • Feb 1, 2007 6:53am Feb 1, 2007 6:53am
Quoting Traex
Be patient, it's still stuck at the demonic 9666 so far.
I'm all patience today...Just trying to figure out possible key figures for today. But I would not be surprised to see this day ending at "The Number"

And with henrycarol not showing up, there's very little chance to see some movement today...
  • #5,178
  • Feb 1, 2007 7:00am Feb 1, 2007 7:00am
Quoting cesarnc
I'm all patience today...Just trying to figure out possible key figures for today. But I would not be surprised to see this day ending at "The Number"

And with henrycarol not showing up, there's very little chance to see some movement today...
Man who scratches ass should not bite fingernails
  • #5,179
  • Feb 1, 2007 7:01am Feb 1, 2007 7:01am
Quoting cesarnc
I'm all patience today...Just trying to figure out possible key figures for today. But I would not be surprised to see this day ending at "The Number"

And with henrycarol not showing up, there's very little chance to see some movement today...
Yeah, he seems to give all of forex market liquidity..
Tra-X
  • #5,180
  • Feb 1, 2007 7:03am Feb 1, 2007 7:03am
bet you he show up right before news time to muck this all up.
Man who scratches ass should not bite fingernails
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