Cable Update (GBPUSD)

shorted both euro and gbp right after news, just closed both and looking to reposition in. looking like it might be a good day for usd... we'll see though, there is more news coming later, so my advice, be flexible

[US DURABLES - BETTER, BUT NOT GOOD] Durable goods orders data were better than expected in March, but far from enough to correct for earlier weakness. Durable goods orders overall are down 3.1% y/y, with ex-transport and ex-military orders also turning negative y/y as of March. The good news is the broad range of sectors reporting gains in orders. Machinery orders were up 4.2% m/m, primary metals up 2.5%, fabricated metals up 1.2%, vehicles and parts up 3.3%. The bad news is that, in the majority of major categories, orders were down on the year in March. Notably, computer and electronic orders were off 0.1% in the month and 8.2% on the year. IBM's warning about capital goods demand in its sector was no joke.

Tis nice when news come out better than expected.

Why oh why I have sells from 2.0050 area and my extended targets are 1.9955. 3pm housing data is very important and if comes out ok will see move South

We're together on that view. My sell limit was missed by a couple of pips so I'm not short. Yet.

The S signal is coming...

I'm a bottom fisher all the way

http://www.camdenny.com/oneidalake/fishing.jpg

Very nice!

How should I set up settings in my profile to receive emails informing me about new posts in this subject

Sould be automatic once you have posted I think NMike

NMike, you may have to make another post. When you do, scroll down from the message box where you type your message and you'll see the 'additional options' box. You can set up the email receipt there.

strada

09:43 New home sales are out in about 20 minutes. The pattern recently has been one of recognition of bad numbers, and a shrug off of good numbers. No reason to believe this pattern will change today. The market is expecting 890k, and if we see a sub 800k number, the euro could be a short term buy

Thanks for the head's up - it's appreciated. 1 minute to go...

Hmm, I thougt it should be, but it isn't.

Bottom fishing rules.

http://www.keywestfishtales.com/imag...ishing-2lg.jpg

I would go with you .. get a big Walleye .. fry it and .. yummyyy

It didn't push up powerful enough... take that rocket engine and blast!

scalped another 15 pips on the way up on both the euro and gbp. I'm out now. momentum failed me and no limits or sell orders were triggered. watching and waiting for a breakout in either direction.

Euro´s making new highs - again. If cable cant get above this morning´s high of 0061 its showing that it needs a good pull back before marching on up.

Give it a little time....patience. The engine may kick in yet.

Yup... Market is in the waiting for today's Bernanke's "The Stupid Word"