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Cable Update (GBPUSD)

  • #77,701
  • Jul 24, 2008 11:01pm Jul 24, 2008 11:01pm
Quoting scyang
Wat do you mean by much better than expected?

4:30pm GBPhttp://forexfactory.com/images/misc/...mpact_high.gifRetail Sales m/m
http://forexfactory.com/images/misc/...etail_star.gif -3.9%
-2.5%3.6%http://forexfactory.com/images/misc/...us_revised.gif
the previous 3.6 was originally a 3.5, they were expecting a decline that month, I am not talking about the most recent result but the month before.
  • #77,702
  • Jul 24, 2008 11:04pm Jul 24, 2008 11:04pm
Quoting AmeriTrini
the previous 3.6 was originally a 3.5, they were expecting a decline that month, I am not talking about the most recent result but the month before.
Yea I read that people bought summer clothing early or something.
USD Est Non Mortuus
  • #77,703
  • Jul 24, 2008 11:06pm Jul 24, 2008 11:06pm
Quoting AmeriTrini
just a word of caution: Retail sales for the month of june came in much better than expected and was even revised higher. Since the GDP reflects much of the retail sales figure, should we really be expecting it to be bearish?? REALLY???


If I'm wrong about the length of this adjustment it just means i'll miss this one. I'm not in here though, but if it works out for those that are, I'll be saying my congrats as always. Long is very very hard to resist here because signals are technically showing long entry.. But I'll pass on this one because something is wack.
USD Est Non Mortuus
  • #77,704
  • Jul 24, 2008 11:07pm Jul 24, 2008 11:07pm
Quoting AmeriTrini
the previous 3.6 was originally a 3.5, they were expecting a decline that month, I am not talking about the most recent result but the month before.
Why do we want to look at the previous month's number?
Expected the unexpected
  • #77,705
  • Jul 24, 2008 11:10pm Jul 24, 2008 11:10pm
Quoting LuckyLurker
If I'm wrong about the length of this adjustment it just means i'll miss this one. I'm not in here though, but if it works out for those that are, I'll be saying my congrats as always.
If GDP comes out good, then what can the BOE do..........I wonder........ .............lol!!
  • #77,706
  • Jul 24, 2008 11:10pm Jul 24, 2008 11:10pm
Quoting scyang
Why do we want to look at the previous month's number?
because that number is included in the GDP.
  • #77,707
  • Jul 24, 2008 11:12pm Jul 24, 2008 11:12pm
Quoting AmeriTrini
because that number is included in the GDP.
And the this month's retail sales will be included in next month's GDP?
Expected the unexpected
  • #77,708
  • Jul 24, 2008 11:14pm Jul 24, 2008 11:14pm
Quoting scyang
And the this month's retail sales will be included in next month's GDP?
GDP is not calculated on a monthly basis, you need to do some fundamental research my friend.
  • #77,709
  • Jul 24, 2008 11:20pm Jul 24, 2008 11:20pm
Quoting AmeriTrini
GDP is not calculated on a monthly basis, you need to do some fundamental research my friend.
I was just giving you a hard time. I knew GDP is quarterly. The retail sales number was very red yesterday. Last month's retail sales came in better than expected due to people buying summer items early. It was reported on bloomberg. So I am still not convinced that the UK GDP number in a few hours will come in great. Will see.
Expected the unexpected
  • #77,710
  • Jul 24, 2008 11:23pm Jul 24, 2008 11:23pm
Quoting scyang
I was just giving you a hard time. I knew GDP is quarterly. The retail sales number was very red yesterday. Last month's retail sales came in better than expected due to people buying summer items early. It was reported on bloomberg. So I am still not convinced that the UK GDP number in a few hours will come in great. Will see.
maybe but it is time for a higher high..........
  • #77,711
  • Jul 24, 2008 11:26pm Jul 24, 2008 11:26pm
Quoting AmeriTrini
maybe but it is time for a higher high..........
We shall find out in a few hours. I am not in any position right now. Will decide later.
Expected the unexpected
  • #77,712
  • Jul 24, 2008 11:58pm Jul 24, 2008 11:58pm
Good morning traders... or evening depending where you are.
Holding my long from yesterday at 1.9856.
It's Friday and you never know whats going to happen. Always chaotic on a Friday, but.....
Happy trading all
  • #77,713
  • Jul 25, 2008 12:06am Jul 25, 2008 12:06am
Quoting DJ4x
Good morning traders... or evening depending where you are.
Holding my long from yesterday at 1.9856.
It's Friday and you never know whats going to happen. Always chaotic on a Friday, but.....
Happy trading all
good morning there and all,
i closed my long position 1.9824 -> 1.9867
When life gives you lemons, make lemonade
  • #77,714
  • Jul 25, 2008 12:15am Jul 25, 2008 12:15am
Quoting micho
good morning there and all,
i closed my long position 1.9824 -> 1.9867
  • #77,715
  • Jul 25, 2008 12:20am Jul 25, 2008 12:20am
Quoting DJ4x
do you see how its walking on the trend line until now
Attached Image
When life gives you lemons, make lemonade
  • #77,716
  • Jul 25, 2008 12:23am Jul 25, 2008 12:23am
Quoting AmeriTrini
just a word of caution: Retail sales for the month of june came in much better than expected and was even revised higher. Since the GDP reflects much of the retail sales figure, should we really be expecting it to be bearish?? REALLY???


The world had better than expected retail sales reported in June (for May) so the effect is really nullified. The world had band figures reported this month (for June) and May reported figures (for April) was better than expected but still negative. So I won’t really expect great GDP figures. One good month 2 bad months= not to good GDP figures.

By the way next months retail figures will be harder to predict. May was a good month, June was a good month, July is turning out to be somewhere in between unless we have a huge turn round in the last week.
  • #77,717
  • Jul 25, 2008 12:23am Jul 25, 2008 12:23am
Quoting micho
do you see how its walking on the trend line until now
Are we supposed to be the monkeys?
  • #77,718
  • Jul 25, 2008 12:25am Jul 25, 2008 12:25am
Quoting Runway Trade
The world had better than expected retail sales reported in June (for May) so the effect is really nullified. The world had band figures reported this month (for June) and May reported figures (for April) was better than expected but still negative. So I won’t really expect great GDP figures. One good month 2 bad months= not to good GDP figures.

By the way next months retail figures will be harder to predict. May was a good month, June was a good month, July is turning out to be somewhere in between unless we have a huge turn round in the last week.
Hey RT,
Does that mean you going in short?
  • #77,719
  • Jul 25, 2008 12:28am Jul 25, 2008 12:28am
Quoting DJ4x
Are we supposed to be the monkeys?
lollllllllll if the monkeys make i would be a monkey
Attached Image
When life gives you lemons, make lemonade
  • #77,720
  • Jul 25, 2008 12:56am Jul 25, 2008 12:56am
Quoting Infinity
4h chart....
lower tl holding well so far....
Patience + Discipline - Greed = Success
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