Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#69,601
Jun 9, 2008 5:33am Jun 9, 2008 5:33am

salah k.
Joined Apr 2007 | Status: Trader | 2,387 Posts

Quoting Abuawad

Disliked

haw is your exam

Ignored

not bad it was about theory of computation.
mabrook 3ala l 70 pips.

"what doesn't bankrupt me, makes me stronger" modern nietzche

#69,602
Jun 9, 2008 5:42am Jun 9, 2008 5:42am

MasAdhi
| Joined Sep 2007 | Status: Money Farmer AKA petani duid | 135 Posts

Quoting Moe

Disliked

nice, ok back to bed, hope no one went short, ok later

Ignored

go to bed so early? you'll miss the fun here

Keep Learning and you'll get what you want...

#69,603
Jun 9, 2008 5:48am Jun 9, 2008 5:48am

B@by trader
| Joined Jan 2008 | Status: Trader | 730 Posts

Quoting salah k.

Disliked

not bad it was about theory of computation.
mabrook 3ala l 70 pips.

Ignored

so jaid jiddan.congrats

.
so what do you think the way of cable?

#69,604
Jun 9, 2008 6:01am Jun 9, 2008 6:01am

salah k.
Joined Apr 2007 | Status: Trader | 2,387 Posts

Quoting B@by trader

Disliked

so jaid jiddan.congrats.
so what do you think the way of cable?

Ignored

i dont know bro my charts with fundamentlas were pointing to a close today above 9800 but u know cable
it jumped 90 pips and then dropped them
im not sure wat is going on, because the drop showed signs of strong bearish sentiment even though those numbers out from UK suggest no rate cuts for a while and furthermore suggest a possible rate hike.

"what doesn't bankrupt me, makes me stronger" modern nietzche

#69,605
Jun 9, 2008 6:10am Jun 9, 2008 6:10am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

Quoting salah k.

Disliked

i dont know bro my charts with fundamentlas were pointing to a close today above 9800 but u know cable
it jumped 90 pips and then dropped them
im not sure wat is going on, because the drop showed signs of strong bearish sentiment even though those numbers out from UK suggest no rate cuts for a while and furthermore suggest a possible rate hike.

Ignored

trouble with a rate hike is that is will in fact cause a recession, UK economy led by the retail consumer, traditionally when rates are raised to control high growth demand led high prices, the current situation is somewhat differernt, growth prospects are declining and inflation rising = Stagflation.

Can MPC control the inflation rate? Has the sterling deprection across the board contributed to higher inflation? (not just against dollar but euro)

Hike also be very polictially bad for Gordon Brown, not particulary a bad thing because there are excesses that need working out. Therefore sterling outlook fundamentally stuck between a rock and hard place! Hence this crappy range for last five months!

Trading is 80% Emotional, 20% Technical

#69,606
Jun 9, 2008 6:17am Jun 9, 2008 6:17am

salah k.
Joined Apr 2007 | Status: Trader | 2,387 Posts

Quoting fx local

Disliked

trouble with a rate hike is that is will in fact cause a recession, UK economy led by the retail consumer, traditionally when rates are raised to control high growth demand led high prices, the current situation is somewhat differernt, growth prospects are declining and inflation rising = Stagflation.

Can MPC control the inflation rate? Has the sterling deprection across the board contributed to higher inflation? (not just against dollar but euro)

Hike also be very polictially bad for Gordon Brown, not particulary a bad thing because there are excesses that need working out. Therefore sterling outlook fundamentally stuck between a rock and hard place! Hence this crappy range for last five months!

Ignored

i totally agree stagflation is a bi***but trichet is going with it and from the looks of it UK is the country suffering most if theyre not gonna hike rates they should at least stop talking about this imaginary 2.0 inflation target.

anyway it doesnt matter to me i just want a freaking direction.
till then im happy making a couple of pips here and ther on silver.(quite easier than this)

fxlocal always a pleasure listening to ur advanced analysis and opinion

"what doesn't bankrupt me, makes me stronger" modern nietzche

#69,607
Jun 9, 2008 6:19am Jun 9, 2008 6:19am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Trend in tact and the gap will close me thinks.From there well thats where it gets intresting.
Even though I was expecting it was just to busy to trade and I would not enter here.

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On-site guru & also FF member's' psychiatrist, when not drinking tea

#69,608
Jun 9, 2008 6:37am Jun 9, 2008 6:37am

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

Quoting salah k.

Disliked

i totally agree stagflation is a bi***but trichet is going with it and from the looks of it UK is the country suffering most if theyre not gonna hike rates they should at least stop talking about this imaginary 2.0 inflation target.

anyway it doesnt matter to me i just want a freaking direction.
till then im happy making a couple of pips here and ther on silver.(quite easier than this)

fxlocal always a pleasure listening to ur advanced analysis and opinion

Ignored

Trichet in diff position from UK MPC, growth in germany is good, there exports are still good!! (but the rest of eu suffering!!) They have want to maintain their creditably in delivering price stabilty even though ECB always misses their target, i think MPC and Tresury lost all creditabilty with the Northern Rock saga. difficult times ahead economically, anyone read that new Soros book, good read.