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Cable Update (GBPUSD)

  • #95,581
  • Edited 9:23pm Nov 4, 2008 9:00pm | Edited 9:23pm
Quoting spintrader
If I may ask, what evidence do you have to support this view? Seems to me that with the election tonight and and the expectation of more rate cuts, that's the last thing it will do.
Once again I might add that we are in a strong bearish trend, any bullish activity will, in my opinion, be very brief.
Look what happened to aud/usd after they cut rates by .50.


The market is perceiving rate cuts as bullish this time around. It has something to do with easing monetary pressures. I posted charts to verify. Look at the bull flags on cable, and usd/jpy, euro/usd, etc.
  • #95,582
  • Nov 4, 2008 9:15pm Nov 4, 2008 9:15pm
Yes, I see your points. I think Obama's seemingly inevitable victory is going to have a positive effect on the the dollar in the medium term.
  • #95,583
  • Nov 4, 2008 9:28pm Nov 4, 2008 9:28pm
It is hard to predict whether it is going south or north. I will wait.
  • #95,584
  • Nov 4, 2008 10:06pm Nov 4, 2008 10:06pm
Congrats to Obama....
Patience + Discipline - Greed = Success
  • #95,585
  • Nov 4, 2008 10:14pm Nov 4, 2008 10:14pm
Quoting Infinity
Congrats to Obama....
second that!
  • #95,586
  • Nov 4, 2008 10:16pm Nov 4, 2008 10:16pm
i have one sell at 1.5925 now lets see where obama can bring it
When life gives you lemons, make lemonade
  • #95,587
  • Nov 4, 2008 10:26pm Nov 4, 2008 10:26pm
1 cents correction after Obama's congrats!
  • #95,588
  • Nov 4, 2008 10:26pm Nov 4, 2008 10:26pm
Hate to tell you all this, but Obama is going to be worse for the US then McCain would have been. He is not going to fix the US economy any more than the lame Bail out that the Dems past. And just remember, that the US is at least 60% of te World wide consumer. We have already seen what happens to the Global economy when the US has problems. Te rest of the countries follow right behind us.

I do hope I am wrong about our economy, but I would not celebrate just yet.
Take what you can... Give nothin back.
  • #95,589
  • Nov 4, 2008 10:31pm Nov 4, 2008 10:31pm
Congrats to Obama!

Now the question is...is that pin going to hold or is she going down further?
  • #95,590
  • Nov 4, 2008 10:33pm Nov 4, 2008 10:33pm
Quoting PipGal
Congrats to Obama!

Now the question is...is that pin going to hold or is she going down further?
i hope down further

i wanna get my pips
When life gives you lemons, make lemonade
  • #95,591
  • Nov 4, 2008 10:34pm Nov 4, 2008 10:34pm
Once in a while you need to take out the garbages...
  • #95,592
  • Nov 4, 2008 10:35pm Nov 4, 2008 10:35pm
first i hope i dont get it at BE as usual

the targets are 1.5791 1.5734 1.5641

all subject to change
When life gives you lemons, make lemonade
  • #95,593
  • Nov 4, 2008 10:38pm Nov 4, 2008 10:38pm
i got 130 and also out early but its okay
thank obama, i mean thank god lol
When life gives you lemons, make lemonade
  • #95,594
  • Nov 4, 2008 10:40pm Nov 4, 2008 10:40pm
Quoting Maverick537
Hate to tell you all this, but Obama is going to be worse for the US then McCain would have been. He is not going to fix the US economy any more than the lame Bail out that the Dems past. And just remember, that the US is at least 60% of te World wide consumer. We have already seen what happens to the Global economy when the US has problems. Te rest of the countries follow right behind us.

I do hope I am wrong about our economy, but I would not celebrate just yet.
I appreciate your opinion, but I think it would be potentially damaging to this forum to start any kind of political debate, hence why I have avoided putting across any strong opinion one way or the other.
The only thing I'm interested in on this forum is the market and anything that will affect it. I believe that Obama's successful election will bring further strength to the dollar
  • #95,595
  • Nov 4, 2008 10:41pm Nov 4, 2008 10:41pm
i woke up to go to the toilet then i saw a breaking news that obama won hahaha
so i opened one short and poof it fell down like a rocket
When life gives you lemons, make lemonade
  • #95,596
  • Nov 4, 2008 10:41pm Nov 4, 2008 10:41pm
Quoting micho
i got 130 and also out early but its okay
thank obama, i mean thank god lol
Am out +200

Great day!
  • #95,597
  • Nov 4, 2008 10:42pm Nov 4, 2008 10:42pm
seems like my exit at 91 wasnt that bad either
When life gives you lemons, make lemonade
  • #95,598
  • Nov 4, 2008 10:42pm Nov 4, 2008 10:42pm
Quoting PipGal
Am out +200

Great day!
When life gives you lemons, make lemonade
  • #95,599
  • Nov 4, 2008 10:45pm Nov 4, 2008 10:45pm
love is in the air
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When life gives you lemons, make lemonade
  • #95,600
  • Nov 4, 2008 10:46pm Nov 4, 2008 10:46pm
Quoting spintrader
I appreciate your opinion, but I think it would be potentially damaging to this forum to start any kind of political debate, hence why I have avoided putting across any strong opinion one way or the other.
The only thing I'm interested in on this forum is the market and anything that will affect it. I believe that Obama's successful election will bring further strength to the dollar
Actually, if you read it, it is more of a long term outlook.
Take what you can... Give nothin back.
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