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Cable Update (GBPUSD)

  • #106,361
  • Dec 12, 2008 6:37am Dec 12, 2008 6:37am
Quoting micho
well maybe it will keep going sideways while EURO is climbing so why do you want to play sideway pair if it doesnt have strength?
It will follow eur soon
  • #106,362
  • Dec 12, 2008 6:41am Dec 12, 2008 6:41am
Can you tell me what time US open. Is it 1 pm in the United Kingdom?
mama
  • #106,363
  • Dec 12, 2008 6:45am Dec 12, 2008 6:45am
2:30pm
PIPPED TO THE LINE
  • #106,364
  • Dec 12, 2008 6:45am Dec 12, 2008 6:45am
Quoting Mama007
Can you tell me what time US open. Is it 1 pm in the United Kingdom?
2.30pm london time 2.35pm liverpool time...
  • #106,365
  • Dec 12, 2008 6:52am Dec 12, 2008 6:52am
Quoting Mama007
Can you tell me what time US open. Is it 1 pm in the United Kingdom?
For future reference.

http://www.timeanddate.com/worldclock/
  • #106,366
  • Dec 12, 2008 6:59am Dec 12, 2008 6:59am
Thats if you still have your watch in Liverpool.

Quoting lexazver
2.30pm london time 2.35pm liverpool time...
Ride the Bulls bearback!
  • #106,367
  • Dec 12, 2008 7:03am Dec 12, 2008 7:03am
While sitting here looking at the charts, I couldn't help but think all this sudden $ collapsing is just some kind of ploy to weaken the dollar so the price of oil would go up just for the holidays. I know its a stretch but what, all of a sudden the traders are paying close attention to economic data after paying no attention to it whatsoever for the past 3 months or more. No, I'm not long $ or anything, I don't mind buying the pound or the euro, but if they tank again after the holidays, I'll be real sceptical about these market moves.

Technically speaking, we do have a nice double bottom on the daily, a nice W if you will, so we should be going up to find another range somewhere in the 5270 - 5540. We shall see.
  • #106,368
  • Dec 12, 2008 7:13am Dec 12, 2008 7:13am
Quoting alcando
Thats if you still have your watch in Liverpool.
well people in liverpool getting more sophisticated now they will steal your rolex but will replace it with fake one so that you wont complain to anyone, and they said capital of culture was just money down the drain.
  • #106,369
  • Dec 12, 2008 7:16am Dec 12, 2008 7:16am
Quoting lexazver
of course its not over yet for the dollar, I reckon we will see another big move to the upside ( on dollar that is) and when suddnely everyone starts singing halleluja USD thats when the shit will hit the fan.

It's not over for the dollar until I change my sig!
USD Est Non Mortuus
  • #106,370
  • Dec 12, 2008 7:18am Dec 12, 2008 7:18am
pound looking almost the same as it did yesterday, 1.49 gets defended everytime it falls there perhaps we;ll see it rally after the news in 10 minutes.
  • #106,371
  • Dec 12, 2008 7:19am Dec 12, 2008 7:19am
Quoting TheDirtySerb
While sitting here looking at the charts, I couldn't help but think all this sudden $ collapsing is just some kind of ploy to weaken the dollar so the price of oil would go up just for the holidays. I know its a stretch but what, all of a sudden the traders are paying close attention to economic data after paying no attention to it whatsoever for the past 3 months or more. No, I'm not long $ or anything, I don't mind buying the pound or the euro, but if they tank again after the holidays, I'll be real sceptical about these market moves.

Technically...
Who would be behind such a ploy and why????
  • #106,372
  • Dec 12, 2008 7:19am Dec 12, 2008 7:19am
Quoting TheDirtySerb

Technically speaking, we do have a nice double bottom on the daily, a nice W if you will, so we should be going up to find another range somewhere in the 5270 - 5540. We shall see.
I don't think I'd view the 'W' as a valid pattern until price closes above 1.5532. JMHO
Hi, my name is Barry and you can keep your doctor...
  • #106,373
  • Dec 12, 2008 7:25am Dec 12, 2008 7:25am
Quoting gammase1
Who would be behind such a ploy and why????
the fed perhaps, they've devalued dollar by 98% already.
  • #106,374
  • Dec 12, 2008 7:26am Dec 12, 2008 7:26am
Quoting lexazver
the fed perhaps, they've devalued dollar by 98% already.
i see, so they're going for the final 2% devaluation and then it's job done in destroying the greenback.... not doing a great job in bumping up the price of crude today though...
  • #106,375
  • Dec 12, 2008 7:30am Dec 12, 2008 7:30am
if u look at eur monthly chart it looking very dangerously like a reserval of trend....it could develop into a morning star..

trust me to get used to shorting when things get hectic towards reversals
  • #106,376
  • Dec 12, 2008 7:35am Dec 12, 2008 7:35am
conspiracy theories aside here is note from research from one of the banks

Unsurprisingly America’s assets under management have
fallen sharply from almost USD28trn at the end of last year
to USD25.5trn at the end of September. Nevertheless the
assets of US investors still dwarf the reserves of central
banks and sovereign wealth funds as Chart 1 shows.
The ratio of foreign assets in US portfolios has also fallen
this year as Chart 2 shows. Risk aversion has spurred
investor repatriation helping the strong rebound in the USD
since the summer. But now as we end Q4’08 the USD has
started to fall again as the worsening US economy suggests
US investors will resume buying foreign assets as they did
from 2002-2007.
But the long term Fed series shows the holdings of foreign
assets as a share of US investor portfolios still remains high
by historic standards. Thus there remains substantial scope
for further US repatriation in the event of continuing risk
aversion and weak global growth next year. This will
continue to provide underlying support to the USD despite
the greenback’s correction this month.
  • #106,377
  • Dec 12, 2008 7:35am Dec 12, 2008 7:35am
My G/u analysis

Again top line short

Bottom two lines possible longs.


Until one of those lines is reached no tradey cable for me
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  • #106,378
  • Dec 12, 2008 7:37am Dec 12, 2008 7:37am
Quoting lexazver
conspiracy theories aside here is note from research from one of the banks

Unsurprisingly America’s assets under management have
fallen sharply from almost USD28trn at the end of last year
to USD25.5trn at the end of September. Nevertheless the
assets of US investors still dwarf the reserves of central
banks and sovereign wealth funds as Chart 1 shows.
The ratio of foreign assets in US portfolios has also fallen
this year as Chart 2 shows. Risk aversion has spurred
investor repatriation helping the strong rebound in the USD
since the summer. But...
What a mouth full. Charts my friend charts who gives a flying rabit about that info. Its all in the charts
  • #106,379
  • Dec 12, 2008 7:37am Dec 12, 2008 7:37am
Quoting gammase1
Who would be behind such a ploy and why????
I don't have an answer for you. Just thinking out loud. It just seems like the market can shrug off bad news when it wants to and react when it wants to. We'll see what happens, but what, traders all of a sudden decided the $ is the weakest currency so they're going to sell it against the cad, gbp, euro, etc., based on what? What happened yesterday that was so bad? I can understand if it happened after last weeks NFP, now that was bad, it makes sense. Again, I was just waiting for the data to come out and my mind was wondering, so no proof this is whats happening, just my brain trying to come up with Why. Conspiracy theorist, lol.
  • #106,380
  • Dec 12, 2008 7:38am Dec 12, 2008 7:38am
Quoting steelhead
My G/u analysis

Again top line short

Bottom two lines possible longs.


Until one of those lines is reached no tradey cable for me
I reckon we could see that top line broken today
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