taking a nap now
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Why is GBPUSD called cable? 67 replies
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Dislikedso 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 . . .Ignored
DislikedThere is no reason to buy before interest rate cut, I will go Short and wait for the cutIgnored
DislikedThe 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...Ignored
DislikedWow 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 newsIgnored
DislikedHi 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![]()
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![]()
miss youIgnored
DislikedThe 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...Ignored
Dislikedso 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 . . .Ignored
DislikedHahaha... 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.Ignored
DislikedYou 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 .Ignored
Dislikedthere 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 ??Ignored
DislikedHi 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 youIgnored