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Cable Update (GBPUSD)

  • #119,781
  • Feb 11, 2009 7:28am Feb 11, 2009 7:28am
Quoting linleysound
err......ever heard of the concept of 'risk aversion'....????
Well said...respect your instaneous thought
  • #119,782
  • Feb 11, 2009 7:30am Feb 11, 2009 7:30am
Quoting ammarmemon
what do u think that will it be +ve for US$ or bad for $?

secondly will it have some affect on gu?
a positive number means we are selling more then buying..and that is a good thing.

It also means that our USD value is dropping nicely to a buying country. But..what will this event do for the current value...I dont really know. Not lately.

In a simple form of supply and demand scenario..if we are selling more..then our services value rises...but if we are buying more .... and sales is not growing..then we are in a pinch.

A lower number is not good for our economy..but what it means in value between pairs will vary...
  • #119,783
  • Feb 11, 2009 7:30am Feb 11, 2009 7:30am
thanx for the help.its bad for the $ and hope gbp/usd goes up
  • #119,784
  • Feb 11, 2009 7:32am Feb 11, 2009 7:32am
Quoting JammerJams
a positive number means we are selling more then buying..and that is a good thing.

It also means that our USD value is dropping nicely to a buying country. But..what will this event do for the current value...I dont really know. Not lately.

In a simple form of supply and demand scenario..if we are selling more..then our services value rises...but if we are buying more .... and sales is not growing..then we are in a pinch.

A lower number is not good for our economy..but what it means in value between pairs will vary...

The # will not be positive, it can however be, less negative or more negative. Not positive, I don't know where you got that from.
  • #119,785
  • Feb 11, 2009 7:36am Feb 11, 2009 7:36am
Quoting AmeriTrini
The # will not be positive, it can however be, less negative or more negative. Not positive, I don't know where you got that from.
this is correct.

The US is a long distance from having a positive trade balance, a position which is fully discounted by the market
  • #119,786
  • Feb 11, 2009 7:37am Feb 11, 2009 7:37am
Quoting AmeriTrini
The # will not be positive, it can however be, less negative or more negative. Not positive, I don't know where you got that from.
you are correct..that is what i meant to say.
To be accurate..I should have said higher then forecasted.

thanks Ameritrini
  • #119,787
  • Feb 11, 2009 7:42am Feb 11, 2009 7:42am
Quoting ammarmemon
thanx for the help.its bad for the $ and hope gbp/usd goes up
you're right in saying that it was bad for the http://www.forexfactory.com/images/icons/dollar.gif, but when trading the GBPUSD, the base currency is GBP and that means Negative http://www.forexfactory.com/images/icons/dollar.gif and positive http://www.forexfactory.com/images/icons/pound.gif

Althoug
  • #119,788
  • Feb 11, 2009 7:44am Feb 11, 2009 7:44am
Quoting Fx1618
you're right in saying that it was bad for the http://www.forexfactory.com/images/icons/dollar.gif, but when trading the GBPUSD, the base currency is GBP and that means Negative http://www.forexfactory.com/images/icons/dollar.gif and positive http://www.forexfactory.com/images/icons/pound.gif

Althoug
yes remember that UK news is also more bad
  • #119,789
  • Feb 11, 2009 7:44am Feb 11, 2009 7:44am
has the effect of news being finished or there are still chances for GU to go up??
  • #119,790
  • Feb 11, 2009 7:47am Feb 11, 2009 7:47am
Quoting ammarmemon
has the effect of news being finished or there are still chances for GU to go up??
even with the bad news 15M & 30M candle didn't even pass 1.4439 & 1.4454 or close also
  • #119,791
  • Feb 11, 2009 7:48am Feb 11, 2009 7:48am
Quoting Abuawad
even with the bad news 15M & 30M candle didn't even pass 1.4439 & 1.4454 or close also
14454 looks like a good sell spot anyway. There's the 15m 50ema, 4h 5sma, and general resistance all around that point.
  • #119,792
  • Feb 11, 2009 7:53am Feb 11, 2009 7:53am
Quoting Abuawad
even with the bad news 15M & 30M candle didn't even pass 1.4439 & 1.4454 or close also
And what about 1.4424? Is it still a valid sell point?
  • #119,793
  • Feb 11, 2009 7:55am Feb 11, 2009 7:55am
Quoting Abuawad
yes remember that UK news is also more bad
so means is it still possibeli to continues 1.41xx ??
The Ottelo way's find the mutual system to wins
  • #119,794
  • Feb 11, 2009 7:56am Feb 11, 2009 7:56am
up to now..... 30 candle showing struggle( bearish pin forming) to go up higher than 4442
  • #119,795
  • Feb 11, 2009 7:56am Feb 11, 2009 7:56am
Quoting Komissar
And what about 1.4424? Is it still a valid sell point?
Only if cable close below 1.4439 on 30M & 15M.
which almost confirm
  • #119,796
  • Feb 11, 2009 7:57am Feb 11, 2009 7:57am
Quoting ottelo
so means is it still possibeli to continues 1.41xx ??
maybe to 1.4310 for today...
  • #119,797
  • Feb 11, 2009 8:08am Feb 11, 2009 8:08am
Quoting Abuawad
maybe to 1.4310 for today...
Yeah, It's insight.
The market is always right, but it is not never wrong!!!
  • #119,798
  • Feb 11, 2009 8:18am Feb 11, 2009 8:18am
the resistance is too strong, i dont like trading like yesterday was eating all my previous profit . . . shit i will take some pill to cool my head first !!!
hmpff
  • #119,799
  • Feb 11, 2009 8:28am Feb 11, 2009 8:28am
Sorry gentlemen,
i'll be out of trading around 1.4380 - 1.4375, i have to go out side the city maybe i'll join you later.. i can't leave the trading open without monitoring.
  • #119,800
  • Feb 11, 2009 8:31am Feb 11, 2009 8:31am
Quoting joemiami
up to now..... 30 candle showing struggle( bearish pin forming) to go up higher than 4442
I lean towards your judgement.
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