Cable Update (GBPUSD)

Quoting LuckyLurker

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no no.. im selling dollars right now, which means im long on the pair atm . Sorry for the confusion, should of said I was buying sterling to make it more clear.

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Quoting LuckyLurker

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if im not added already Im certainly selling dollar till it corrects to 800-50.. Then I'm buying dollars shortly after.. like 20 seconds after.

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Quoting Mr PIP DADDY

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Originally Posted by Mr PIP DADDY http://www.forexfactory.com/images/buttons/viewpost.gif
13 long
3 short

PENDING ORDERS.....

3 Long
1 Short



LIVE pole of the thred

(no buy hold or sell)

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Quoting eohater

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I thought I was stacked with the longs! Add some more and push her all the way to 1.98

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Quoting Mr PIP DADDY

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hahah no this is the people not the actual trades.... I hope this thing goes to THE CLOUDS.... im with ya

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Quoting Mr PIP DADDY

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Fed Is Unchanged At 2%

10-1

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Quoting LuckyLurker

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Aug. 5 (Bloomberg) -- The following is the full text of the statement released today by the Federal Reserve:

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing contraction, and elevated energy prices are likely to weigh on economic growth over the next few quarters. Over time, the substantial easing of monetary policy, combined with ongoing measures to foster market liquidity should help to promote moderate economic growth.

Inflation has been high, spurred by the earlier increases in the prices of energy and some other commodities, and some indicators of inflation expectations have been elevated. The Committee expects inflation to moderate later this year and next year, but the inflation outlook remains highly uncertain. Although downside risks to growth remain, the upside risks to inflation are also of significant concern to the Committee. The Committee will continue to monitor economic and financial developments and will act as needed to promote sustainable economic growth and price stability.

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Quoting AmeriTrini

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In a word............ DOVISH!!!

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Quoting warta

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still not clear , price playin and may change in any direction

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