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Cable Update (GBPUSD)

  • #6,421
  • Feb 20, 2007 12:43pm Feb 20, 2007 12:43pm
Quoting biodunola07
Gbp/usd is currently at 1.9550 is it liklely to go up a little bit or down ?Any body with useful sugestion?
theres always the ability to wait it out and stand aside. If theres not a clear signal, why take a trade that could possibly cost you?
I dream, therefore I become.
  • #6,422
  • Feb 20, 2007 12:56pm Feb 20, 2007 12:56pm
Quoting mike w
theres always the ability to wait it out and stand aside. If theres not a clear signal, why take a trade that could possibly cost you?
The best piece of suggestion one could receive...

Better save the energy for a likely very busy Wednesday
  • #6,423
  • Feb 20, 2007 2:10pm Feb 20, 2007 2:10pm
There are speculations that BOJ will announce the interest rate statement around 6-7am GMT.

Euro open will be very interesting, having BOE minutes at 8:30 GMT. Although a likely BOJ rate hike is being considered priced in, I'm considering having a short position on Cable by Frankfurt open, betting on drop on BOE majority voting for no hike, as expected...

Just don't want to stay out of the loop during announcements to figure out that I've missed 100 pips later

Thoughts?
  • #6,424
  • Feb 20, 2007 2:12pm Feb 20, 2007 2:12pm
Quoting cesarnc
There are speculations that BOJ will announce the interest rate statement around 6-7am GMT.

Euro open will be very interesting, having BOE minutes at 8:30 GMT. Although a likely BOJ rate hike is being considered priced in, I'm considering having a short position on Cable by Frankfurt open, betting on drop on BOE majority voting for no hike, as expected...

Just don't want to stay out of the loop during announcements to figure out that I've missed 100 pips later

Thoughts?
If Frankfurt session points up, I'll wait for London confirmation and clearing 30pips+ from FRA open price...
  • #6,425
  • Feb 20, 2007 2:21pm Feb 20, 2007 2:21pm
Quoting biodunola07
Gbp/usd is currently at 1.9550 is it liklely to go up a little bit or down ?Any body with useful sugestion?
price is 1.9548 if I short right here it will go up 30 pips if I go long it will drop 50 pips hope that helps
  • #6,426
  • Feb 20, 2007 2:26pm Feb 20, 2007 2:26pm
Quoting 59fender
price is 1.9548 if I short right here it will go up 30 pips if I go long it will drop 50 pips hope that helps
This is classic cesarnc trading
  • #6,427
  • Feb 21, 2007 1:22am Feb 21, 2007 1:22am
Frankfurt open @ 9536 (10 pips above yesterday).

Waiting break of 9566 to consider the long side. Y'day high 9574, also looking at it...

BOE minutes may be a mover, so I might wait for London session to go in
  • #6,428
  • Feb 21, 2007 1:28am Feb 21, 2007 1:28am
Quoting cesarnc
Frankfurt open @ 9536 (10 pips above yesterday).

Waiting break of 9566 to consider the long side. Y'day high 9574, also looking at it...

BOE minutes may be a mover, so I might wait for London session to go in

I am waiting for those minutes to be released before I do anything myself today. Premature entry now could cost you! Well...not just you but me, him, her, and of course henrycarol!
Show me the PIPS!
  • #6,429
  • Feb 21, 2007 1:36am Feb 21, 2007 1:36am
Quoting tathlynq
I am waiting for those minutes to be released before I do anything myself today. Premature entry now could cost you! Well...not just you but me, him, her, and of course henrycarol!
that's wise. But my concern is that London (BOE) may give the only opportunity for today. I don't want to spend the rest of the day looking for 10 pips here and there.

However, I'm flerting with the downside for this announcement. So I'm not jumpping in on a long position before news. But will short if price retraces to Frankfurt open
  • #6,430
  • Feb 21, 2007 1:39am Feb 21, 2007 1:39am
What U see/expect/shorted so far, henrycarol?
  • #6,431
  • Feb 21, 2007 1:53am Feb 21, 2007 1:53am
the frence CPI has decreased......its bad news for euro, but at what degree will it affect cable?
  • #6,432
  • Feb 21, 2007 2:10am Feb 21, 2007 2:10am
Quoting tiges159
the frence CPI has decreased......its bad news for euro, but at what degree will it affect cable?
Hasn't affected Euro...

cross/Yen moving now... Euro still quite.... So am I
  • #6,433
  • Feb 21, 2007 2:16am Feb 21, 2007 2:16am
Quoting cesarnc
What U see/expect/shorted so far, henrycarol?
Still bear to me....but scary
  • #6,434
  • Feb 21, 2007 2:17am Feb 21, 2007 2:17am
Quoting henrycarol
Still bear to me....but scary
Top of the downward channel so far.... Still holding to see if it holds....
  • #6,435
  • Feb 21, 2007 2:18am Feb 21, 2007 2:18am
henry has finally got just a little scary...ill mark that in my diary....lol
its just money
  • #6,436
  • Feb 21, 2007 2:20am Feb 21, 2007 2:20am
Plenty on tap today in [UK] markets with the BOE's Feb minutes and CBI's industrial trends on tap from 9.30GMT. Both are set to be focused around the likelihood of another ate hike with 5.5% the perceived end result for the UK rate cycle. Although industrial trend are expect to edged higher today to -8, the series is deep in red and is hardly likely to be aided by a hawkish interpretation of BOE policy. The minutes of the CB's Feb meet are tipped to show a 7-2 vote with Sentance and Besley thought to have opted for another 25bps hike. US and semi official European sellers have been tipped above 1.9575, but in general the Pound will likely benefit from the markets infatuation with yield, that will no doubt be reinforced by the reaction to the BOJ hike.

This is BEARISH, isn't it?
  • #6,437
  • Feb 21, 2007 2:23am Feb 21, 2007 2:23am
Quoting de123
henry has finally got just a little scary...ill mark that in my diary....lol
Yup... But this is not a bullish sign... Scary means he's not dumping 1,000,000,000 lots... Maybe 1,000,000 only to feel the temperature
  • #6,438
  • Feb 21, 2007 2:31am Feb 21, 2007 2:31am
i dont think he has gut the guts to short 1mio today on cable,...maybe on yen 1 bio ...lol
its just money
  • #6,439
  • Feb 21, 2007 2:48am Feb 21, 2007 2:48am
Cable Rounding off right now - however i dont see any major resistance until 9626 and 9635(in Price at least although we have hit some kind of resistance possibly in momentum). I believe price has a chance to move hard north on news announcement up to that level.
Man who scratches ass should not bite fingernails
  • #6,440
  • Feb 21, 2007 2:49am Feb 21, 2007 2:49am
After the surprise hike, I doubt the vote was 8-1 to hold.
Man who scratches ass should not bite fingernails
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