Auslanco - GBP/JPY and GBP/USD (newstrade)

I agree, both economies suck. Japan has better reserves and less exposure to credit crisis, but my God this currency appreciation has to end some day.

Each rally has been met with some form of selling...hmm, and cable has been unable to sustain above 1.79...

Maybe the Queen is sick

I risk max 2% of account ..... in Asia about 2 standard , Euro / US up to 5 if i really like the trade I will take lot size up to 10 if I can still maintain tight stop and 2% risk

She needs a partner with Viagra

TP @ 191.70 (Jan 05 low)!

Still biased lower no reason to shoot up! Sell on rallies is the best strategy in this pair if you wanna make money!


Just an info and not a reco!

no position at the moment .....

but this may be a little retrace on 5 min ... looking for breakout of 13 sma

However I likely will not trade now till tomorrow morning in the euro ./ us overlap HOWEVER .....lol ... there is always a however I really like the bullish divergence on gbpaud right now and a break above 2.1120 on the news later.

From my prospective in the recent Waves count:
target for wave 3 of the Minute Degree =196.20
the recent wave patterns are mostly 1's & 2's of a lower degrees,
if this scenario is correct, that means we have ended a correction of wave 1 of an Intermediate Degree at 192.63.

No, we should really test the 07 high first

Are you saying we should test the 247 range? I am confused

this channel on a 10 min is looking like a great set up ....

go long 193.80 break out
short 193.5

almost to easy ... mmmmmmmmm

it may be used as a trap ... I use 10 min chart and wait for break out candle to end

Yes, its more recent history, more accurate data Just f' around. Don't know

You are a character!

i'm hoping 07 means july and not 2007. I really can't see 251 on the cards

well,,, but when it was at 251 could u see 193 in the cards? I dont know where its going to go up from here that high, but it has go somewhere ,and nobody knows where really

Closed my short from 194.55, 0.000000050 Yards. Looking for a short breakout of 193.50.

resistance DIE

that would be about 5 cubic centimetres

it will be broken very soon.
resistance 193.86
support 193.66

My risk profile is very small. I was wondering if someone was going to pick up on it.

13:06 02Sep08 IDEA-ANALYSIS: (GBP) UK: Housing Market Rescue Package Due Today?

(GBP) So, PM Brown as part of his political fight back, is reportedly set to
announce a GBP multi-million UK housing market rescue package tomorrow, withadditional measures set to be announced later this week or early next, and moreinitiatives to be tabled at the time of the autumn pre-budget report (PBR). Theinitial impact on GBP should be +ve, albeit temporary, (depending on the sizeof the package), as a govt spending boost should be supportive for the economy,and the possible consequential delay in BoE monetary policy easing should keepUK interest rate differentials favourable.

The measures are said to likely include making more funds available to local
authorities to help first time buyers (FTBs) on to the first rung of the property ladder, with councils able to buy up repossessed homes and unsold
properties from which they can provide social housing. They will also be able
to offer struggling borrowers financial assistance in return for part ownership
in their homes or outright ownership if necessary. It is unclear whether or not
a stamp duty suspension/holiday will be announced, although it is being considered. Other measures that are thought to be under consideration includedoubling the allowance for cash ISAs to GBP7200 for those saving up for a home,as well as the possible creation of a new regular tax efficient savings scheme for FTBs. Following on from today's likely announcement, another package is expected to be announced either later this week or early next week, with initiatives aimed at assisting low income households facing increased hardship as a result of higher domestic fuel bills. The aim is to assist those households in particular that spend above 10% of their disposable income on energy bills.

In terms of the wholesale mortgage market, further measures to reignite
activity there will probably be deferred to the time of the Pre-Budget Report
(PBR) in the autumn, after agreement between the BoE and the govt. Indeed the Sunday Times already indicates that the BoE is preparing to extend its SLS specifically for building societies that are currently setting up covered bond vehicles. However HMT is said to be averse to direct govt intervention into the mortgage market and the BoE has made it clear it is not keen on extending the SLS to take in new mortgage backed securities issued after 2007.

It is any one's guess how much the initial proposals are to cost the tax payer, (in top of the GBP2.7bn of tax cuts that the govt will already spend subbing those households that have been hard done by by the removal of the 10p tax band). But there is talk that a windfall tax on the super normal profits of energy companies (favoured by Labour MPs) could be announced to help finance some of the potential increased spending that would come about as a result of the economic rescue package. For a fiscal package to have a significant impact, and perhaps help arrest the slide in the govt's public opinion ratings, the size should probably be no less than 1%-1.5% of GDP. The govt can't really afford this without further undermining its own ability to meet its self-imposed fiscal rules. The BoE for its part will want to see how much any fiscal package adds to GDP growth, as the size of the impending measures could have a bearing on the timing of the resumption of the BoE's monetary policy easing cycle. The PSNB budget deficits for FY2008/2009 and FY2009/2010 are set to turn out perceptibly higher than the respective 2.9% and 2.5% of GDP ratios than the govt currently projects.