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Cable Update (GBPUSD)

  • #113,421
  • Jan 21, 2009 3:12am Jan 21, 2009 3:12am
Another 500 pips drop today ?
  • #113,422
  • Jan 21, 2009 3:14am Jan 21, 2009 3:14am
Seems as if the market is waiting for the flood of data in 20 minutes and is content to wait it out at this level.

Will be interesting to see how the 13700 & 13680 levels play out today.

I'll be waiting and watching with the rest of you.

Good luck and green pips to all.
  • #113,423
  • Jan 21, 2009 3:19am Jan 21, 2009 3:19am
Quoting manize
Let see, secured by + 8 pips !
I closed + 40 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #113,424
  • Jan 21, 2009 3:19am Jan 21, 2009 3:19am
Quoting SmoothTrader
Seems as if the market is waiting for the flood of data in 20 minutes and is content to wait it out at this level.

Will be interesting to see how the 13700 & 13680 levels play out today.

I'll be waiting and watching with the rest of you.

Good luck and green pips to all.
In ten minutes the pound will go wild...
  • #113,425
  • Jan 21, 2009 3:21am Jan 21, 2009 3:21am
Quoting Yohay
In ten minutes the pound will go wild...
hopefully down
  • #113,426
  • Jan 21, 2009 3:24am Jan 21, 2009 3:24am
Quoting Yohay
In ten minutes the pound will go wild...

Good luck to all, and oh yea don't forget to fasten your seat belts before the roller coaster leaves the station.

  • #113,427
  • Jan 21, 2009 3:33am Jan 21, 2009 3:33am
it`s going crazy
  • #113,428
  • Jan 21, 2009 3:35am Jan 21, 2009 3:35am
Quoting Yohay
In ten minutes the pound will go wild...
What the reason ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #113,429
  • Jan 21, 2009 3:35am Jan 21, 2009 3:35am
how do you think, it will stop when it will reach 1.38?
  • #113,430
  • Jan 21, 2009 3:36am Jan 21, 2009 3:36am
No great surprises either way with all the reports.

Now it is time to see how the numbers are digested by the market and watch to see if the BEAR is just taking another nap and will wake up when this Bear Flag on the 5M chart is completed.
  • #113,431
  • Jan 21, 2009 3:36am Jan 21, 2009 3:36am
Go down GU pls... i just need 100pips..
  • #113,432
  • Jan 21, 2009 3:38am Jan 21, 2009 3:38am
Quoting janka3002
how do you think, it will stop when it will reach 1.38?
Watch closely but I think it might get up to the 13825 to 13850 area. This would keep the flag symmetrical and the 50 EMA is in that area too.

Watch to see if the 13800 level rejects the price again.
  • #113,433
  • Jan 21, 2009 3:43am Jan 21, 2009 3:43am
So the MPC members voted to decrease the interest rate. When will this happen , and will the Sterling go far down ??
  • #113,434
  • Jan 21, 2009 3:45am Jan 21, 2009 3:45am
bears you need to wake up, it`s too soon to go to sleep...
  • #113,435
  • Jan 21, 2009 3:45am Jan 21, 2009 3:45am
Quoting Brb-Fraudin
So the MPC members voted to decrease the interest rate. When will this happen , and will the Sterling go far down ??
That was just the review of the PREVIOUS rate decision showing what the vote was.

They have NOT lowered interest rates today.

Good luck and keep asking questions.
  • #113,436
  • Jan 21, 2009 3:46am Jan 21, 2009 3:46am
Its not set in stone that they will drop interest rates, however it is quite likely. At the moment they have decided dropping interest to be in best interest.
It does not mean that the value will depreciate just because interest drops. A drop in interest can be a good thing for economy, as well as bad.
  • #113,437
  • Jan 21, 2009 3:47am Jan 21, 2009 3:47am
Quoting SmoothTrader
That was just the review of the PREVIOUS rate decision showing what the vote was.

They have NOT lowered interest rates today.

Good luck and keep asking questions.
So the decision was known 2 weeks ago. And this is only review of the number of votes? Or investors just've known this today?? Why is it red on FX calendar??
  • #113,438
  • Jan 21, 2009 3:47am Jan 21, 2009 3:47am
Quoting janka3002
bears you need to wake up, it`s too soon to go to sleep...
Patience. All in good time.
  • #113,439
  • Jan 21, 2009 3:48am Jan 21, 2009 3:48am
BoE will reduce its rate on February. I think cable will go down till 1.3500 then consolidate in that area. If the fundamental get worse, cable will continue its falling.
  • #113,440
  • Jan 21, 2009 3:49am Jan 21, 2009 3:49am
Quoting CableUpdater
BoE will reduce its rate on February. I think cable will go down till 1.3500 then consolidate in that area. If the fundamental get worse, cable will continue its falling.
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