Cable Update (GBPUSD)

Damnit, he's going to move the market!

I'm starting to worry about my longs now

Maybe a bounce at 9777 before, huh?

Oh no Henry, ur wall is at 9710-20, please short ur trillion lots there!

hai...supposed to be 1.9550 today...

China's Stocks Have Biggest Tumble in 10 Years; Vanke Plunges
By Zhang Shidong and Yidi Zhao
Feb. 27 (Bloomberg) -- China's stocks tumbled the most in 10 years on concern the government will crack down on illegal investments that helped drive benchmarks to records.


Full story.

Hehe we know whats happening, so no worries.

What you mean? I don't...

Well, all I can see here is big bounce at resistance turned to support (9600), then 70pips spike up, ok. dust is down.

Now we're having China and European Stocks sell off and NYers to come to the bulding to deal with it plus USD-negative news and Iran rumors...

I say tomahawk fart is in 3.5 hours

And I just don't see 9550 coming, no SIR!

Its going to be a very long morning guys...

I think the Frankfurt activity has done its damage.. too many people just licking their wounds.. waiting until the big data comes in..

dogs, now better than mice as of y'day.... I like that. bulls are around the corner then

Somethings around the corner.. god knows what it is!!! lol

did u heard the news?....not its not all about saving someones presidency, its also saving someones vicepresideny, literaly....lol....couldnt believe my ears....had to check to be sure...666 is like a magnet...

What news? The attack in Afghanistan aiming Cheney? Or there's another?

A suicide bomber on foot killed and wounded some two dozen people outside the main U.S. military base in Afghanistan today during a visit by Vice President Dick Cheney, officials said. The Taliban claimed responsibility and said Cheney was the target. Cheney was safely inside the base at the time of the blast and was unhurt.
From cnn.com

I'm out now till later, sabotage in the air, poor sarchozy !!!

Sterling is likely to continue its bullish trend

GBP/USD is likely to trade with positive bias this week after closing near high of last week's 1.9430-1.9652 range. MACD cut positively against exponential moving average to signal buy; stochastic bullish but not overbought, suggesting upside room. Immediate resistance minor at 1.9678 (Feb. 15 cap), any breach of which would expose upside toward 1.9750 (Feb. 2 high); resistance strong at 23 Jan peak of 1.9917. Initial support at uptrend support line from 5 Jan low of 1.9262, now at 1.9450, any breach of which would be short-term bearish, target 13 Feb low at 1.9400.

That is Forex... : http://www.vidmax.com/index.php/videos/view/602

The early sell off for Usd/Yen has had knock on effects across the broader fx market with [EUR/USD] thrust back above 1.3200 as a result. Eur/Yen selling has since taken the pace off the rally, but traders report very large size buying from one German name and a US prime name earlier. The net leaves the headline pair with a much more bullish slant in the run up to today's US data with short termers now looking to buy very limited dips. One US investment name is currently seen with bid interest ahead of 1.3200 and another stop hunt towards 1.3250 cannot be ruled out pre data, although the lead will surely come from Usd/Yen.

Most attention has been centred on Usd/Jpy's slide through 120.00 this European morning. However, the Usd is largely losing out across the board and we suspect the latest wave of sales was due to a break below initial major support at 83.83/90 in the [USD INDEX]. The former was a major fibo level (50% of 82.24/85.43 move) and the break looks to open the way for even more downside towards the mid 83's initially (83.45, 61.8%). Asian contacts gave a convenient rehash of a fairly dated New Yorker article on a possible US attack on Iran as excuse for the latest dip in Usd sentiment. We, however, continue to believe the FX market will largely shrug off this scaremongering for now and suggest it is concerns over the likelihood of a US economy soft landing.

Note: I wonder if you guys like those piece of info or not. I personally do. But I can stop posting then if annoying...

Personally, I find them very informative.

Thanks for posting them cesarnc