Daily Cable Analysis

thats a mistake. Cross rates amongst banks:

GBP/JPY: 237.293

and the GBP/USD rate is slightly lower than 1.95

source: saxobank & xe.com (which are updated live)

the possibility of a spike of that magnitude is hard to believe but.. the price that gbp/usd had reached is achievable.. I was thinking of buying gbpusd on monday based on last friday's closing price.. and if the spike stays then we might still have 100-200 pips to go..

All we needed after this no-hike nonsense reaction is to see Cable at 2.000 on Sunday open

Sorry for the joke... I know it is not that welcome in this thread... But as we say in Brazil: "I'd rather loose a friend than loose a joke"

The only way that GU would be marked up at these rates when the market was closed would be something like a nuke attack on the States - But seeing EU is normal -- Can only be a

Yup.....saw the chart too.... is BBC lying? woohoo

So now we have 3 sources confriming this price.

http://newsvote.bbc.co.uk/2/shared/f...12/default.stm

That is the chart.

Just went to easyforex website, they trade through UBS and they show normal quotes, 1,9490/5 so i guess we are alright.

Yup,

BBC has the price at 1.9844 which was at midnight GMT. Most brokers closed down at 10pm GMT for the weekend so don't reflect this. This happened over the last G7 weekend too but by Sunday open, prices were back near enough at Friday's close. Whether it's an error in data feed or big players manipulating a 'closed' market with little or no volume is anyone's guess.

http://www.xe.com shows live prices every 2 minutes - it did show GU over 1.98, GJ over 241, UJ over 122 etc for a time last night but currently shows live price on GU at 1.9493.

I often wonder if I were with a broker like Oanda whether I would be stopped out by this spike (error or not) over a weekend as they appear to allow you to place trades over the weekend. Or conversely, could you have sold GU at 1.98+ for a nice 400 pips profit?

Maybe someone here has experience of this.

Kind Regards
Steve

Oh Well -- Real or not my No Touch 7 Day hedge has been closed out on BOM

Today's date is 10-Feb-07 12h40GMT.
Bet was purchased on 8-FEB-07 and expires at midnight GMT (Greenwich Mean Time) on 15-FEB-07 [5 day(s) from today] Calendar
The market has touched 1.9765 during the period and hence the contract expires worthless.
The contract is not yet past the expiry date
(today is 10-Feb-07 and expiry date is 15-FEB-07).
The high and low of FRXGBPUSD during the period 8-FEB-07 (purchase date of the contract) to 10-Feb-07 (today) are 1.9915 and 1.9457

Historical Market PricesFRXGBPUSD - 8-FEB-07 to 15-FEB-07DateHighLowLast8-Feb-071.97301.95431.95859-Feb-071.99151.94571.9844
Pricing Information
The current price of GBP/US Dollar is 1.9844
The market price of GBP/US Dollar at the time of purchase of the bet was 1.9704

Well i am shocked my self too when confirming this news well i think its true Synthesis bank a swiss investment bank at its main page displays the cable USd rate at 1.9857 visit the link below and see ur self

http://www.synthesisbank.com/en/synthesisbank/home

see the sliding strip

Hats off to longs of BP USD

visit the following site and see the BP USD rate at 1.9857 wow really wow

http://www.synthesisbank.com/en/synthesisbank/home

bulls are lose here

Quotes from their web ticker:
EUR/USD 1.3006
EUR/GBP 0.6669
GBP/USD 1.9857

1.3006 / 0.6669 = 1.9502, not 1.9857. Case closed.

Get a grip people, the markets are closed, those quotes don't mean a damn thing. Relax and enjoy the weekend.

Agree.... looking after some G7 news... but nothing... look like a maintenance problem or whatever else... (i hope...)

False Alert...

From UBS Quotes, just now :
GBP/USD Transfer Rate (UBTRSY) Price: 1.9503 USD

discussion with LIVE helpdesk of Synthesis :

dswk> At the market close we had 1.9503 and now you provide it at
dswk> 1.9857
vuillaume> let me check
dswk> and the market is close normally
vuillaume> 1.9496
dswk> ok... so your web ticket is false on your website...
vuillaume> may be not updated !
dswinka> ok thanks

Happy week_end.....

Well, call it councidence or not but Oanda is doing a maintaince during the weekend. No one is able to access their acc, at least I can't , not until 10pm EST tonight so until then I guess we should wait to see if the spike is real or not.

Some sites shows market info at 22:00 GMT....

http://www.consultingforex.cl/images_post/netdania.gif



But, some sites shows info at 22:30 GMT (updated info)

http://www.consultingforex.cl/images_post/yahootime.gif

http://www.consultingforex.cl/images_post/yahoo.gif

http://www.consultingforex.cl/images...ahooeurgbp.gif

http://www.consultingforex.cl/images_post/fxstreet.gif

I dont know what happened.... but i guess wich this is real.

Chao

IGIndex shows 1.9825 with a high of 9941, so there must be some v profitable longs on their system...

I use Intellicharts (fxtrek) and they show a HUGE drop at the close.
It dropped to 1.9405.
Stan