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Cable Update (GBPUSD)

  • #110,021
  • Jan 8, 2009 3:17am Jan 8, 2009 3:17am
Quoting fifo
me too - you are not alone
i've closed my l;ong position. .wait for the next action . . .

taking a nap now
  • #110,022
  • Jan 8, 2009 3:21am Jan 8, 2009 3:21am
Quoting uut
so that means if the rate is 1.5% then GU will still bullish?
i thought every cut rate will make this pair bearish. . .

i ve been tradingg since 9 months ago . . .
The current price of Cable reflects the likely path of UK interest rates, meaning the market is anticipating a minimum 50 basis point cut today, with a small probability of a bigger cut.

The dire UK economic data from recent weeks/months forewarned market participants that rates must go lower in order to mitigate some of the worst effects from the slowdown. That is why a rate cut in itself will not necessarily be negative for sterling. However, if the size of the cut differs from expectations, then we should see a big move.

All things being equal, an interest rate cut should weaken a currency. However, in efficient markets, that currency weakening occurs over a period of time, normally prior to the announcement of the cut, as economic data provides a clear indications into the likely future course of interest rates.
  • #110,023
  • Jan 8, 2009 3:23am Jan 8, 2009 3:23am
Quoting Bullfx
There is no reason to buy before interest rate cut, I will go Short and wait for the cut
Be careful trading the news
  • #110,024
  • Jan 8, 2009 3:24am Jan 8, 2009 3:24am
Quoting gammase1
The current price of Cable reflects the likely path of UK interest rates, meaning the market is anticipating a minimum 50 basis point cut today, with a small probability of a bigger cut.

The dire UK economic data from recent weeks/months forewarned market participants that rates must go lower in order to mitigate some of the worst effects from the slowdown. That is why a rate cut in itself will not necessarily be negative for sterling. However, if the size of the cut differs from expectations, then we should see a big move.

All things being...
Wow what a mouth full. You could have just summed it up by saying buy low sell high.

Thats what i got out of it lol. News news news bla bla bla. Buy low sell high trumps the news
  • #110,025
  • Jan 8, 2009 3:25am Jan 8, 2009 3:25am
Hi alllllllllllllllllllll
hope you are fine. its been 1 month i didnt trade... i am very busy with work now and probably will not have much time for trading until i finish!!
hope you had a nice holiday and a nice start for 2009

take care see you later

miss you
When life gives you lemons, make lemonade
  • #110,026
  • Jan 8, 2009 3:28am Jan 8, 2009 3:28am
Quoting steelhead
Wow what a mouth full. You could have just summed it up by saying buy low sell high.

Thats what i got out of it lol. News news news bla bla bla. Buy low sell high trumps the news
Hahaha... Each to their own, Steelhead. I don't tell you how to trade and you don't tell me....

I mainly trade equities, the price movements of which, due to the length of time I hold, have far more to do with fundamentals than technicals. This is why I avidly follow the news.
  • #110,027
  • Jan 8, 2009 3:28am Jan 8, 2009 3:28am
yeah i agree, im sure the big players take into account future interest rates and economy so they can offload or buy up the huge amounts they need to before the masses realise whats hit them.
  • #110,028
  • Jan 8, 2009 3:28am Jan 8, 2009 3:28am
Quoting micho
Hi alllllllllllllllllllll
hope you are fine. its been 1 month i didnt trade... i am very busy with work now and probably will not have much time for trading until i finish!!
hope you had a nice holiday and a nice start for 2009

take care see you later

miss you
Welcome back, dude!
  • #110,029
  • Jan 8, 2009 3:28am Jan 8, 2009 3:28am
Quoting gammase1
The current price of Cable reflects the likely path of UK interest rates, meaning the market is anticipating a minimum 50 basis point cut today, with a small probability of a bigger cut.

The dire UK economic data from recent weeks/months forewarned market participants that rates must go lower in order to mitigate some of the worst effects from the slowdown. That is why a rate cut in itself will not necessarily be negative for sterling. However, if the size of the cut differs from expectations, then we should see a big move.

All things being...
i see . .
thanks
  • #110,030
  • Jan 8, 2009 3:33am Jan 8, 2009 3:33am
Buy when the markets are moving down and sell when the markets are moving up...easy 100
like the pros do it

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
  • #110,031
  • Jan 8, 2009 3:35am Jan 8, 2009 3:35am
Quoting uut
so that means if the rate is 1.5% then GU will still bullish?
i thought every cut rate will make this pair bearish. . .

i ve been trading since 9 months ago . . .
You right. This pair is damned to go down. Just some guys think they can save UK by buying GBP. Actually Britain has a plan to make it Pound same value as EUR to make export/investment more possible for foreigners .
  • #110,032
  • Jan 8, 2009 3:36am Jan 8, 2009 3:36am
Quoting gammase1
Hahaha... Each to their own, Steelhead. I don't tell you how to trade and you don't tell me....

I mainly trade equities, the price movements of which, due to the length of time I hold, have far more to do with fundamentals than technicals. This is why I avidly follow the news.
Wasnt telling you how to trade friend. Just having some fun
  • #110,033
  • Jan 8, 2009 3:40am Jan 8, 2009 3:40am
Quoting Terminale
You right. This pair is damned to go down. Just some guys think they can save UK by buying GBP. Actually Britain has a plan to make it Pound same value as EUR to make export/investment more possible for foreigners .
The Brits have a general desire for a weaker currency in order to support exports and make imports more expensive. That is common sense. However, the BOE know they must tread cautiously with their management of policy rates, as a desireable sell-off in your currency can quickly become a rout - which causes huge spikes in both inflation and bond yields, and this is something the UK definitely does not want. However, there is no "plan" to get parity against the euro.
  • #110,034
  • Jan 8, 2009 3:41am Jan 8, 2009 3:41am
Quoting steelhead
Wasnt telling you how to trade friend. Just having some fun
I kind of guessed that part, friend. Your comment did make me smile!

GL
  • #110,035
  • Jan 8, 2009 3:48am Jan 8, 2009 3:48am
She flies guys
  • #110,036
  • Jan 8, 2009 3:51am Jan 8, 2009 3:51am
Quoting Atondra
She flies guys
where???
  • #110,037
  • Jan 8, 2009 3:55am Jan 8, 2009 3:55am
there is two big news. one is a cut rate ----> it can be up or down for the pound n seccond is bad news for usd. if the cut more than 0,5% it can be sell but it will limited coz again there's bad news for usd. but if 0,5% cut rate it will fly a way
So what do u think?
SELL / BUY ?? specullation for now i think, are you dare enough ??
  • #110,038
  • Jan 8, 2009 3:57am Jan 8, 2009 3:57am
Quoting fifo
where???
To the North Pole
  • #110,039
  • Jan 8, 2009 3:59am Jan 8, 2009 3:59am
Quoting dashboard
there is two big news. one is a cut rate ----> it can be up or down for the pound n seccond is bad news for usd. if the cut more than 0,5% it can be sell but it will limited coz again there's bad news for usd. but if 0,5% cut rate it will fly a way
So what do u think?
SELL / BUY ?? specullation for now i think, are you dare enough ??
I'll go for Short
  • #110,040
  • Jan 8, 2009 4:00am Jan 8, 2009 4:00am
Quoting micho
Hi alllllllllllllllllllll
hope you are fine. its been 1 month i didnt trade... i am very busy with work now and probably will not have much time for trading until i finish!!
hope you had a nice holiday and a nice start for 2009

take care see you later

miss you
good luck with your work- come back soon!
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