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Cable Update (GBPUSD)

  • #130,201
  • Apr 22, 2009 7:27am Apr 22, 2009 7:27am
220 million uk gilt issuance!
New 50% tax rate for income over 150k
Both GBP Negative

Morgan Stanley results way below expectations
USD positive (safe haven)

Best stay out of the mkt today. Technicals less important that news right now
  • #130,202
  • Apr 22, 2009 7:30am Apr 22, 2009 7:30am
Quoting Geppyg
Darling puts up car and drink tax
Chancellor Alistair Darling unveils big increases in tax on alcohol and high polluting cars in his first Budget.

This should resolve all of our problems..........
Dear Deboooo

I entered a short on GU, only to notice a 40pip spread on Alpari that almost cleared my account. what do i do. Who do i complian to
In all your ways acknowledge Him and He will direct your path.
  • #130,203
  • Apr 22, 2009 7:31am Apr 22, 2009 7:31am
Quoting ammal07
you are true, immiediatly after us open gdpusd down,how do you know that....
He said that. in the news. He said we injecting billions to boost economy . and now he said that UK will be the last country to recover . WHY ? because they didnt fix the roof when the sun was shinning. and he expect to add more billions next month/years . and that a weak GBP is favorable to boost economy.
  • #130,204
  • Apr 22, 2009 7:33am Apr 22, 2009 7:33am
Quoting OmegaFire
Dear Deboooo

I entered a short on GU, only to notice a 40pip spread on Alpari that almost cleared my account. what do i do. Who do i complian to
Buddy I am sorry but....I dont think you can do much about that sorry... but 40 pips that is really excessive..are you sure you have got major contracts instead of mini.
Let Price determine your future!
  • #130,205
  • Apr 22, 2009 7:35am Apr 22, 2009 7:35am
Quoting OmegaFire
Dear Deboooo

I entered a short on GU, only to notice a 40pip spread on Alpari that almost cleared my account. what do i do. Who do i complian to

Current spread on Alpari UK is 3 pips (30 "pippetes" on 5 digits.)
Traders are smartasses
  • #130,206
  • Apr 22, 2009 7:37am Apr 22, 2009 7:37am
Quoting rolybyon
220 million uk gilt issuance!
New 50% tax rate for income over 150k
Both GBP Negative

Morgan Stanley results way below expectations
USD positive (safe haven)

Best stay out of the mkt today. Technicals less important that news right now
Market is reacting badly to Darling's projections for growth, as he is predicting a swift recovery in 2010/11. These overly-optimistic figures mean he is very likely vastly underestimating the public sector borrrowing requirements.

This means gilts issuance will need to be a lot higher than forecast today and, in response to this, yields for gilts across the curve are up, particularly for longer dated maturities, in anticipation of extra supply hitting the market.
  • #130,207
  • Apr 22, 2009 7:38am Apr 22, 2009 7:38am
any expectation on weres this move heading
  • #130,208
  • Apr 22, 2009 7:41am Apr 22, 2009 7:41am
Quoting OmegaFire
Dear Deboooo

I entered a short on GU, only to notice a 40pip spread on Alpari that almost cleared my account. what do i do. Who do i complian to
Thats a really bad spread sorry to hear that.

On a different note, if 40pips has nearly cleared out your account then you are seriously seriously overleveraged with your trade if you dont reduce this drastically then you might as well give Alpari all your money! I hope this doesnt sound too harsh its meant to help
  • #130,209
  • Apr 22, 2009 7:42am Apr 22, 2009 7:42am
Quoting gammase1
Market is reacting badly to Darling's projections for growth, as he is predicting a swift recovery in 2010/11. These overly-optimistic figures mean he is very likely vastly underestimating the public sector borrrowing requirements.

This means gilts issuance will need to be a lot higher than forecast today and, in response to this, yields for gilts across the curve are up, particularly for longer dated maturities, in anticipation of extra supply hitting the market.
Thanks for the fundamental insight Gammase, its always welcome
  • #130,210
  • Apr 22, 2009 7:43am Apr 22, 2009 7:43am
Quoting Geppyg
SPOT ONNNNNN

Wait till he mentions the 160 BLn Deficiet.....See what happens then....

BIG THANK YOU to all,
i made some pips just now......
at last i`ve found a holygrail........
  • #130,211
  • Apr 22, 2009 7:48am Apr 22, 2009 7:48am
Prepare to long GU @ 1.4425 what do u think ??
Never sell @ lower upward channel unless breacked and vise versa .
  • #130,212
  • Apr 22, 2009 7:51am Apr 22, 2009 7:51am
Man

Prepare to short if it retrace till 1.4520

Don't Ever Ever trade against the trend


Quoting WedWed
Prepare to long GU @ 1.4425 what do u think ??
  • #130,213
  • Apr 22, 2009 7:52am Apr 22, 2009 7:52am
Quoting WedWed
Prepare to long GU @ 1.4425 what do u think ??
Bit of a runaway train now. Returning to my original target of 1.4400 for a breather. Overall trend is down
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,214
  • Apr 22, 2009 7:53am Apr 22, 2009 7:53am
Fundamental Releases Rules over Technicals I heard before
I guess it was not so hard to see what was going to happen after the release of the UK annual budget, anybody could have seen it in today's calendar at FF as red hot news affecting GBP and anyway it was Vox Populi the outcome of that http://uk.news.yahoo.com/18/20090422...t-5b839a9.html

The interesting part was the institutional activity just minutes after the release, going long for a while before terminal velocity drop of more than 170 pips in an eye's blink and still dropping. Who fell for that?
Just pocket a mere 50 pips for a nice day, my gratitude goes to Grace Cheng for this nice trading strategy, anybody interested can check "7 winning strategies for trading Forex" by this author.
  • #130,215
  • Apr 22, 2009 7:54am Apr 22, 2009 7:54am
Quoting Bull_Bear
Bit of a runaway train now. Returning to my original target of 1.4400 for a breather. Overall trend is down
ROck on yoo our expectations was right market down 200 pips wow in one hour im long now and target is 50 pips let see what happen


Ub
  • #130,216
  • Apr 22, 2009 7:54am Apr 22, 2009 7:54am
Quoting mohfaid
Man

Prepare to short if it retrace till 1.4520

Don't Ever Ever trade against the trend
thanks mohfaid and Bull_Bear ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #130,217
  • Apr 22, 2009 7:55am Apr 22, 2009 7:55am
Quoting WedWed
Prepare to long GU @ 1.4425 what do u think ??
Long at 1.4350 only. with tp 1.4515 then reshort.
  • #130,218
  • Apr 22, 2009 7:59am Apr 22, 2009 7:59am
Quoting Spsantos
Current spread on Alpari UK is 3 pips (30 "pippetes" on 5 digits.)
I clicked on the requote confirmation button b4 I even noticed it was 40 pips Difference - Should have been patient. It later cleared the huddle. Can I file complaint with Alpari?

I'm on Alpari Classic Using .1 for 1$ per pip

Someone Help!
In all your ways acknowledge Him and He will direct your path.
  • #130,219
  • Apr 22, 2009 7:59am Apr 22, 2009 7:59am
Quoting WedWed
Prepare to long GU @ 1.4425 what do u think ??
Id go long if i get a signal from the 1hr then 15min chart otherwise wouldnt think about it
  • #130,220
  • Apr 22, 2009 8:02am Apr 22, 2009 8:02am
Quoting ubaidahsan
ROck on yoo our expectations was right market down 200 pips wow in one hour im long now and target is 50 pips let see what happen


Ub
Your a brave man. no guts no glory..... good luck
Veni, Vidi, Vici (We came, we saw, we conquered)
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