Auslanco - GBP/JPY and GBP/USD (newstrade)

I am thinking 158.75-- to as much as 157.50... then up to 167xx

I am willing to sign Anti -illuminati...and Anti- Rock-a- Fella.

Lloyds rallies despite £4bn loss


Lloyds bought Halifax Bank of Scotland on 16 January


Shares in Lloyds Banking Group surged by 11% despite its announcement of a £4bn loss in the first half of 2009, due to mounting bad debts at HBOS. Comments that most bad news was now out and that future results would improve had heartened investors, said analysts.
The group, which is 43% owned by UK taxpayers, said £13bn of loans and investments had turned bad, most of them from Halifax Bank of Scotland.
It predicted future such charges for bad loans would be smaller.
Risks revealed
The closing price of 92.3 pence compares with the average of about 120p, which the government paid for its stake in the group.
And it was "quite conceivable", with further share price rises, that at some point the government would be able to sell its Lloyds stake at a profit, meaning taxpayers would get their money back, said banking analyst Lee Goodwin of Fox-Pitt Kilton.
See graph comparing UK bank results so far


http://newsimg.bbc.co.uk/shared/img/o.gifhttp://newsimg.bbc.co.uk/nol/shared/...t_quote_rb.gif This is an old fashioned failure to kick the tyres properly when lending to hotel groups, property developers and investors who in the 1950s would have been called spivs http://newsimg.bbc.co.uk/nol/shared/...d_quote_rb.gif


Robert Peston, BBC business editor

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Read Robert Peston's blog
Round-up of UK bank results
Check banking sector shares

BBC business editor Robert Peston said the results bore witness to the quite astonishing risks taken by HBOS.
And he added that the figures were more troubling for taxpayers than shareholders, as most of the poor quality loans were now being insured by taxpayers, not the banks.
Lloyds said it was in talks with the government about the insurance scheme, which is known as the Asset Protection Scheme.
It would insure Lloyds against further losses from bad loans, but would probably lead to the government increasing its stake in the bank.
Lloyds said that about 75% of the charges it took in the first six months related to assets that it planned to put into the scheme.
'Lurched to the other extreme'
Stephen Timms, chief secretary to the Treasury, said the results were broadly in line with what had been expected at the time of the Budget, so the amount of money set aside to cover the insurance scheme should still be adequate.


Stephen Timms: ''It's a good thing that the bad numbers are being made public''

And he welcomed the signs of increasing lending from Lloyds.
"Lloyds is starting to do the things we need banks to be doing: £18bn of mortgage lending in the first six months of this year and 60,000 new start-up business accounts," he said.
But our business editor points out that any claims that Lloyds is doing its bit appear to be at odds with a 9% reduction in the value of its loans and advances to corporate customers over the past six months, to £198bn.
Meanwhile, Liberal Democrat Treasury spokesman Vince Cable said that big banks were still not lending enough to viable businesses.
"They were reckless in the past - they over-lent in many cases - now they've lurched to the other extreme," he said.

HAVE YOUR SAY

The country doesn't produce much other than financial services these days

John Smith, Bristol
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"Good British companies cannot get credit and large numbers of people are losing their jobs as a result, making the recession worse."
And the the Federation of Small Businesses said that while the number of loans was picking up again, the costs were still very high.
"In terms of small businesses going to Lloyds TSB, or HBOS, or Natwest, yes they're beginning to get a trickle of money from these banks, but it's obvious the banks are shoring their own position first and foremost," said the Stephen Alambritis of the FSB.
"They're beginning to give some money to the small business sector, but there are some opaque and hidden charges around those loans, and high interest rates on those loans."
Arrears rise
Because of accounting technicalities related to its takeover of HBOS, Lloyds made a pre-tax profit of £6bn for the period.
But the group said that as a result of the takeover of HBOS, that figure was "of limited benefit".
The takeover also means that it is difficult to find figures for the first six months of 2008 with which to compare these figures, but Lloyds said that the £4bn loss compared with a £2.8bn profit for the same period last year.
It added that the proportion of mortgages more than three months in arrears had risen to 2.44%, compared with 1.79% at the end of 2008.
The national average reported by the Council of Mortgage Lenders at the end of March was 2.39%.

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mate this pair is really crazy right now..4rs look bearish here but we still up trend...100 pips is all i got today and gu 20 pips..i dont trade gu much so i focus on that crazy gj alone..
something will happen but not sure if it will break that resistance or tank...can u imagine that 2 doji..
anyone can confirm if that is northern doji or long leg doji?

we called eve star ! well geppy going to hell verry soon

this range on the top i called the power of love ( bearish accumulation )

Its not an evening star.. thats for sure..

It is a Doji..as Don Mentioned.. 2 dojis.. gotta read some stuff about it....

NORTHERN .. SOUTHERN ..? Dont know ..Market will do what they have to Do ..regardless of these Dojis.( its gonna go higher dont be fooled by it.)IMO.

Think sooner or later Price will say HELLO to Weekly 50 EMA..its been separated from it for a long time..

I'm still staring, i think its starting to work

I read all of Greek eagles post and I agree also, there are many houses in pre foreclosure in my area and people are being able to stay in them for free up to two years now.

who believe in fibs time zone just start the 3rd bearish round with an eve star and here we go , reversal pattern exactly on the 3rd fibs zone

That means Spike in Real estate.. soon...

THEN A DOOM.after they clear their inventory. that could also mean... another War...( its always been a Good Business)

until daily candle close below that doji before it confirm evening star..
this is what dojis are

Actually mal, 173 is not out of the question..lol, like i said some managers
are scared to go short--nothing makes sense anymore--we are now officially in the self fulfilling prophecy MODE--lol--Look at this morning--some tried shorting the market off the adp--they got slaughtered--and you know,if the NFP comes out below 300,000k(some might wanna make that happen..lol..things are going so well)--hey its a party--

and the 15 min--looks like accuu. ahead of numbers-hmmm--i think they are going somewhere--do you think
they know something

that evening star not confirm yet bro..but sometime will happen buy or short profit is all we want....a breakout or we tank again. but Pa still bullish

Greek eagle, when do you think someone will force the banks to take their medicine

retouch 160.5 and then up some form of accumulation for sure

now you have done .. gone opened the can of worms. Typically when Greek and i chat on phone they are 1 hour conversations on what is going on in the markets /. world

the thing that bothering me are the bear divergences all over the place.. look your macd ....

this thing has to come off a little ... even just down to 160

Yes, bear divergences in multiple markets as well, CAD/JPY, EUR/USd, GBP/USD, GBP/JPY, etc. Unfortunately, they are easily negated by resumption of trend. Bleh.

same thing here...bearish divergence on 4hrs ..here is daily also hidden divergence...until we break that resistance i will not buy..i will stick to this plan...

Well you assume so much on so little. If you would summarize what your posting in a paragraph it would give a better picture of what you pointing out instead of making us read a very very long post. Not to mention the core topic in this thread involves technical analysis and most of us really don't care to discuss other bs here weather we agree or not unless it's on the lighter side. "intelligent people" friend you need to learn some manors. So with that said most intelligent people understand that by the title of the thread and tone of this thread alone than to try to highjack it with your own political stance ect. My advice is you should open your own thread instead of spamming this one. Weren't you the one that went around posting in caps to annoy people?

Vote GJ still going up