Cable Update (GBPUSD)

Thanks Sir.
I hope it play on the weekly.

My platform recorded that we touched 1.6209

just a thought

FRANKFURT (MNI) - European Central Bank President Jean-Claude

Trichet on Monday reiterated his support for a strong U.S. Dollar as

eurozone trade figures disappointed.



The president also appeared to be somewhat more optimistic on

lending activity in the eurozone his latest comments in a French radio

interview suggest.



"I repeat very strongly as [U.S. Federal Reserve Chairman] Ben

Bernanke and [U.S. Treasury Secretary] Timothy Geithner have also said

that it is very important the U.S. dollar be a strong currency - a

currency of confidence" Trichet told France Inter on Friday echoing

similar remarks during his press conference on Thursday.



November`s eurozone trade data suggest that the recent strength of

the euro may have taken a toll on the regions` exports. Trade surplus

surprised on the downside narrowing to E3.9 billion in November from a

downwardly revised 4.7 billion in October as exports dipped 0.4% m/m and

imports rose 0.3%. Exports thus fell for the third time in four months.



Exports could benefit from the retreat of the euro which stood at

1.4371 against the U.S dollar Friday afternoon after hitting a 15-month

high at $1.5145 in November. However the pace of the global recovery

should play a more significant role.



This recovery may yet see setbacks the Bank of Italy warned today

after Trichet on Thursday reiterated his warning of a "bumpy road"

ahead.



"The expansive effect of the fiscal stimulus measures should recede

in the second half of the year and the positive contribution deriving

from the anticipated rebuilding of inventories will also by its nature

be temporary" the central bank wrote.



"Given conditions in the labor market" there is "serious

uncertainty" about whether consumption will rebound while "the low use

of productive capacity" may brake investment in capital goods.



At the same time "we still have a lot of uncertainty on financial

markets and a lot of the recovery might be prone to setbacks" the head

of the Bundesbank`s economics department Jens Ulbrich warned Friday.



In other data eurozone HICP was confirmed to have risen by 0.3%

m/m taking the annual rate to a 10-month high of 0.9%. The core rate

followed by the European Central Bank which factors out the effects of

energy and unprocessed foods remained stable at +1.0% confirming the

ECB assessment of subdued inflationary pressures.



However ECB Chief Economist and Executive Board member Juergen
1/15/2010 12:43:09 PM



ECB Update

Call For Strong Dollar As Trade Surplus Drops

2 of 4
Stark said in a radio discussion late Friday afternoon that while money

supply growth should be flat or negative in the coming months it does

not point to deflation.



Stark also sought to calm recent speculation that the serious

fiscal problems in Greece and other peripheral eurozone countries could

put pressure on the euro.



"There is no reason to call the success of the euro into question.

We have a stable currency" He said. And in a direct reference to recent

talk about Greece he added: "It is false to assume that the eurozone

could break apart."



Stark also registered his opposition - not for the first time - to

the concept of a "eurobond" which has been posited as one possible way

to provide financing relief to Greece and other troubled member states.

He argued that such a bond would punish responsible countries but would

not address much needed structural reforms.



While "there has to be solidarity in a currency union it "cannot

be a one-way street" he said.



Trichet in his radio interview said that despite some weak spots

"overall banks happily are concentrating on the real economy" -- thus

suggesting that the Governing Council may have indeed become less

concerned over credit constraints in the eurozone.



The introductory statement of Thursday`s press conference sounded

slightly more upbeat on borrowing opportunities albeit not from banks

but Trichet did not confirm whether the ECB`s assessment of credit

availability in the eurozone had indeed improved.



In the meantime the jockeying for the post of ECB Vice-President

is heating up.



European lawmakers said Friday that all three candidates -- the

head of the Central Bank of Luxembourg Yves Mersch Bank of Portugal

Governor Vitor Constancio and Peter Praet a director of the National

Bank of Belgium -- "have the professional qualifications and experience

needed from a Vice-President of the ECB."



According to an earlier newspaper report citing parliamentary

sources however parliamentarians were said to favor Yves Mersch and

Peter Praet over Vitor Constancio.



Praet gave an "absolutely successful performance" while Mersch

presented the clearest policy line sources cited in the Boerse-Zeitung

said. Constancio on the other hand was seen as unsuitable for the post

after a "very long-winded" hearing the report said.



European lawmakers on Friday then publicly called on finance

ministers to "take into consideration [the candidates`] ability to

communicate to the wider European public" something that is not

consistent with the appointment of anyone seen as long-winded.



A candidate could be nominated by European finance ministers as

early as Tuesday but their decision could well be delayed until

February.



"Whether we do this on Monday evening or in February I cannot yet

say" Jean-Claude Juncker who heads the eurogroup of finance ministers

said Friday.

--



FRANKFURT (MNI) - The eurozone emerged from recession in the third

quarter of last year and a further pick-up is on the cards for the final

quarter official data released Friday confirmed.



Still there is little room for enthusiasm as the growth momentum

may already be losing steam and unemployment hit a 11-year high of 10.0%

in November.



Detailed 3Q GDP data confirmed that eurozone economic activity rose

0.4% q/q driven by inventories exports and public spending. The annual

decline was trimmed to 4.0% from the previously reported 4.1%. Germany

led the region out of recession with 0.7% quarterly pick-up and recent

data suggest that the country will continue to act as a growth engine.



November`s German industrial production rose by 0.7% on the

quarter. While undershooting forecasts it left average production in

October and November 1.1% higher on the third quarter with new order

and sentiment figures suggesting further growth ahead.



Industrial production is unlikely to stage a performance as

spectacular as 3Q`s +3.4% but the smaller contribution should be

partially offset by a stronger boost from the trade surplus which

jumped to its highest level since November 2007.



At E17.8 billion the trade surplus reflected an export rise of

1.6% and import slump of 5.9%. The fresh decline in imports which had

declined 2.9% in October does raise concerns about weak domestic demand

but may also reflect a technical correction to June-September`s 11.9%

jump.



By contrast the French trade deficit hit its highest level in a

year pointing to a negative GDP contribution from trade in 4Q after it

contributed 0.3 point in 3Q driven by the dampening effect on imports of

a drawdown in inventories.



In Germany too latest new orders figures suggest that the export

and industrial production momentum may be losing steam. "The upward

momentum will likely weaken given the subdued development of new

orders" the German Economy Ministry warned. The Bundesbank too

cautioned that "the recent rebound from the sharp slump in global output

and world trade is likely to lose momentum."



At the same time unemployment in the eurozone continued to rise in

the November hitting an 11-year high of 10.0%. Though the rate of

increase in November slowed significantly to 120000 -- the smallest

rise since July 2008 -- unemployment should continue to increase in the

months ahead weighing on private consumption. Given expiring government

support measures and subdued growth job creations remain off the radar.



Joint projections by the national statistics office of France and

the leading German and Italian private economic research institutes

also released Friday foresee a gradual slowdown in eurozone economic

growth in Q4 and Q1 and a stabilization in Q2. The waning momentum in

industry and private consumption would offset a recovery in investment

in Q2 the institutes argued.



Real GDP in the eurozone is forecast to expand at rates of 0.3% in

Q4 2009 and 0.2% in both Q1 and Q2 of this year. "Growth will be mainly

hampered by the fading of fiscal support restrictive credit conditions

and the tense situation in the labor market" the institutes said.



All in all the latest data should thus confirm the European

Central Bank`s expectations of an "uneven recovery" and "only at a

moderate pace in 2010."

Sir,

I think Study Trading is Different !
Need Guidance from SENIOR & MASTER Trader.

I know much more SENIOR & MASTER Traders in Forum.
All Lesson is GOOD !!

I'm FOCUS Study of Candle, Fibonacci & Trend. :nerd:
Teach me, please...

Wouldn't want you to miss out, would I ? Here you go:

Meanwhile, I'll just look up the official definition of Irony and post it later.

I think his view because Fib 23.60
Today chart

actually i made 2 pips yesterday for moving my ST to entry+1...today i didn't trade because not in my level...,beside that, my internet is down when london open...

BTW thanks you very much for your advise...i really-really consider it,,,i'll try better nextweek...i hope...

have a great weeken Ctic...

Thanks for sharing.
It's very helpful

bro u are the man u will not leave him crying

Hope we close under 1.6235 Monthly Pivot.

i think i agree with ur charts...
they make me feel better as i am towards bearish...

well....what do you think ..if i put a sell lot here.....

please advice

Heavily breach the monthly pivot, along with 200 EMA pushing from the upper side oh what cud be seen.

If you ever want to become a successful trader, you should start making your own thoughts and not rely on others advices.

Going long or short is not the key to success. Only with a good risk- and moneymanagement you will become profitable. Get out of losers fast and let profits run... it's as simple as that - and that is harder than it sounds!

Nah no trade should be opened now, it's too late and it's Friday...and we can't see any new lows so it's retracing now. Wait next week....

Right.

see the news schedule for next week.
we will see 1.68 or 1.56

http://www.dailyfx.com/calendar/inde...y=|&importance=|

thanks for the advice and reminder.
will look into that advice seriously......

really appreciate cos i am new.....

God bless all.
have a good day ahead.

its friday any thing could happen

we need a close below 16200 to continu the down trend other wise north still there

Black adder said Baldrick thought irony was like 'coppery' or 'aluminiumy'

I think it courses thru my veins.

Explains why I miss a lot of putts.

Dr. N.

Many Thx for your Info, Bro
I will SIGN UP and will Study... tomorrow !


Sharing Indi, e-book & Link Site for you & ALL Member...

TREND
About TREND use ZIG ZAG Strategy in My Post http://www.forexfactory.com/showpost...stcount=192886
( Note : Tomorrow, I will try UPLOAD e-book about This )

FIBONACCI
For MATHEMATICS Strategy in Trading
http://www.goldenmuseum.com/index_engl.html

CANDLE
For ANALYSIS in Trading
http://www.fxwords.com/j/japanese-candlesticks.html

INVESTOPEDIA
http://www.mypivots.com/Investopedia/
http://www.investopedia.com/university/movingaverage/


From many My INDI Collections (more +1000), this INDI is really Special and Extraordinary.
And I used...

USDIX & GBPFLX
It is very obvious where we go.