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Cable Update (GBPUSD)

  • #9,281
  • Mar 27, 2007 9:34pm Mar 27, 2007 9:34pm
Quoting bravado
actually, there is a decent chance that gj will bounce up to 231.30.

i would reassess the trade then.

perhaps you see something i don't. in which case, stick with your trade.
building inventory during Yen repatriation this week. It's not dips for 10 pips

  • #9,282
  • Mar 27, 2007 9:45pm Mar 27, 2007 9:45pm
US attack on Iran on April 6th?

another rumor going around, except this one claims to have Russian military sources.
  • #9,283
  • Mar 27, 2007 9:53pm Mar 27, 2007 9:53pm
What would that do to the USD? War = bad = more costly ventures for the US = big decrease in USD???
  • #9,284
  • Mar 27, 2007 10:21pm Mar 27, 2007 10:21pm
Quoting leelee75k
US attack on Iran on April 6th?

another rumor going around, except this one claims to have Russian military sources.
Yeah I saw that one too. As if they are making a doctors appointment with the exact hour specified.

The day may come but I don't think it will slip out weeks before it takes place.
  • #9,285
  • Mar 27, 2007 10:31pm Mar 27, 2007 10:31pm
does anybody see the perfect triangle in the hourly? this thing is about to make a move!
  • #9,286
  • Mar 28, 2007 12:07am Mar 28, 2007 12:07am
USD Weighed By Iran Rumors, Awaits Bernanke, Data

At 4:00 AM Eurozone February M3 Money Supply (exp 9.8%, prev 9.8%)
At 4:30 AM UK Q4 GDP final q/q (exp 0.8%, prev 0.8%)
UK Q4 GDP final y/y (exp 3.0%, prev 3.0%)
At 8:30 AM US February Durable Goods Orders (exp 3.5%, prev -8.7%)
At 10:30 AM Fed Chairman Bernanke Testifies before Congress


The dollar dipped lower in early Wednesday trading as rumors of an Iran attack of a US naval ship made its rounds across trading desks. Shortly after however, the US government moved to quell the rumors, with the US Navy reporting there was nothing to substantiate the rumors and the White house adding there was nothing to indicate any incident had taken place with Iran.



Nevertheless, market reaction to the speculation resulted in a spike higher for the Swiss franc and crude oil futures. The greenback holds near its lows, trading around 1.3360 versus the euro and 1.9660 against the sterling.
BAM BAM BOOM! -bravado
  • #9,287
  • Mar 28, 2007 12:19am Mar 28, 2007 12:19am
Quoting dunningduke
does anybody see the perfect triangle in the hourly? this thing is about to make a move!
hehehe..i`ll wait after the GBP Nationwide House Prices m/m news first!!
I`m a newbie to Forex, so tell me if i`m wrong.
  • #9,288
  • Mar 28, 2007 1:26am Mar 28, 2007 1:26am
Quoting smesul
hehehe..i`ll wait after the GBP Nationwide House Prices m/m news first!!
the news is out, nothing exciting. i saw canble up some but euro. soemthing wrong with euro, which is so weak. the bananker speaking can't ignor.
  • #9,289
  • Mar 28, 2007 1:46am Mar 28, 2007 1:46am
A small spike down just after the Frankfurt Open and then bounced off the 9625 level for a new low of this move. Back up to the 1 min 200ema. Stalled there with 1 min stochastic at 90 so I sold at 9642 and will see where it goes.
Trading Levels with WRBs
  • #9,290
  • Mar 28, 2007 2:11am Mar 28, 2007 2:11am
Quoting Islander
A small spike down just after the Frankfurt Open and then bounced off the 9625 level for a new low of this move. Back up to the 1 min 200ema. Stalled there with 1 min stochastic at 90 so I sold at 9642 and will see where it goes.
Out for +5 and now flat, will wait to see what the Brits do after LO - UK Current Account data at 4:30 EDT
Trading Levels with WRBs
  • #9,291
  • Mar 28, 2007 2:14am Mar 28, 2007 2:14am
Tony leaving in May, and before that he starts the war with Persia,....NO only in someones dream i supouse...this will resolve diplomaticly,...but its nice, wtf, they discuss about sanctions, and possible attack, and the persians (hope u dont mind call them like that) captured soldiers,....this sounds like mouse playing with cat, it should be the other way arround...
its just money
  • #9,292
  • Mar 28, 2007 2:26am Mar 28, 2007 2:26am
What's going on?

 

  1. Crude oil rallies to 67 $/bbl on more tensions in the Middle East. Arab League draft encourages every Arab country to pursue a nuclear program (for scientific reasons - 'yeah, right!').
  2. USD is strengthening slightly on this - but for how long. A majority in Congress is now forcing Bush to pull out US troops within the next year. This shows that the intervention has been a blatant failure. Not USD positive in the longer run.
  3. Credit Spreads are continuing to widen. Housing is still in the doldrums (at best). Leading Indicators are signalling a recession down the road. The yield curve is still solidly inverted and oil is going higher. This is bad for stocks, but we need a clearer technical confirmation of a downtrend.

BAM BAM BOOM! -bravado
  • #9,293
  • Mar 28, 2007 2:44am Mar 28, 2007 2:44am
[quote=bravado;255834]What's going on?

 

  1. USD is strengthening slightly on this - but for how long. A majority in Congress is now forcing Bush to pull out US troops within the next year. This shows that the intervention has been a blatant failure. Not USD positive in the longer run.

for me that is positive news for dolar,...if they get out, i think they will not have to spend that much to war as they are now, including all related costs (insurance bills, how much are the soldiers insured for deaths, and multiply that with thousends and u get bilions...lol), and the iraqi country would then be a huge exporter, oil ofcourse, so that might be oil bearish to me,....enough wisdom.

its just money
  • #9,294
  • Mar 28, 2007 2:48am Mar 28, 2007 2:48am
Whilst this is not new news...Iran already sells some of its oil priced in other currencies, I dont think it will help the dollar in the longer term. Also, other countries are rumoured to be considering a similar move.


http://news.tradingcharts.com/future...hics/trans.gifhttp://news.tradingcharts.com/future...hics/trans.gifKUALA LUMPUR, Malaysia, Mar 28, 2007 (AP Worldstream via COMTEX) -- Iran is planning to stop using the U.S. dollar to price oil, with less than half of its oil income now paid in the U.S. currency, Iran's central bank governor said.
"That's the plan for the future, we are working on that," Governor Ebrahim Sheibany said in an interview with Zawya Dow Jones News Service late Tuesday when asked if Iran was planning to stop pricing oil in dollars. He was speaking on the sidelines of an Islamic finance forum in Kuala Lumpur, Malaysia's largest city.
Trading Levels with WRBs
  • #9,295
  • Mar 28, 2007 3:16am Mar 28, 2007 3:16am
Quoting de123
for me that is positive news for dolar,...if they get out, i think they will not have to spend that much to war as they are now, including all related costs (insurance bills, how much are the soldiers insured for deaths, and multiply that with thousends and u get bilions...lol), and the iraqi country would then be a huge exporter, oil ofcourse, so that might be oil bearish to me,....enough wisdom.

Quoting Islander
Whilst this is not new news...Iran already sells some of its oil priced in other currencies, I dont think it will help the dollar in the longer term. Also, other countries are rumoured to be considering a similar move.
agreed. such comments make me think and get away from my anger for a bit.
BAM BAM BOOM! -bravado
  • #9,296
  • Mar 28, 2007 3:45am Mar 28, 2007 3:45am
any one got a wrong quote on his/her platform?? like 540??
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #9,297
  • Mar 28, 2007 3:47am Mar 28, 2007 3:47am
GB news bad figures and revisions, but no sellers in the 9620/00 area.

No buyers in the 9700/20 area for days....

Where is this damn pair going to?
  • #9,298
  • Mar 28, 2007 3:48am Mar 28, 2007 3:48am
Quoting abulsaid
any one got a wrong quote on his/her platform?? like 540??
GFT / IBFX low 9598 here...
  • #9,299
  • Mar 28, 2007 3:52am Mar 28, 2007 3:52am
Quoting cesarnc
GB news bad figures and revisions, but no sellers in the 9620/00 area.

No buyers in the 9700/20 area for days....

Where is this damn pair going to?
are you blind????
it's going up,,,,,,,,,,,,,,,
or DOWN or may be UP, but it's probable to go Down,,, or it might stay as it is or ,,,,
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #9,300
  • Mar 28, 2007 3:59am Mar 28, 2007 3:59am
It's going to be all about the dollar. And Iran rumors flooding the market...

It looks like the market could well be in limbo until [BERNANKE] at 14.30GMT. Participants will be most interested to hear the Fed governor's views on the implications of the sub-prime mortgage sector's problems for the wider economy. We suspect specs will be looking to play on the tentative Usd short side ahead. Relative anti-Usd sentiment is also due to the perceived escalating tensions between [IRAN] and the UK/US. Oil earlier briefly spiked on US attack rumours, with apparently discredited April 6 attack plans being chattered about in the markets. Thus, it is a Usd day and we need to keep an eye on the [USD INDEX]. Initial offering points look to come in at 82.95/05 and 83.05/15. The downside, however, could be most vulnerable, with 82.65 and 82.38/40 key levels.
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