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Cable Update (GBPUSD)

  • #225,081
  • May 7, 2010 7:06am May 7, 2010 7:06am
Quoting thinkman
Thanks. Is that 1.30pm UK time? Also is this predicted to be bullish or bearish for cable?
That's right mate, Actual > Forecast = Good for USD.
  • #225,082
  • May 7, 2010 7:09am May 7, 2010 7:09am
Thanks for the help guys
  • #225,083
  • May 7, 2010 7:10am May 7, 2010 7:10am
Opinion is it could take up to 10 days to sort out this hung parliament and how it's going to work. Up until there is a decision investors will be hesitant to put their money into the GBP.

Based on those reasonings, my opinion is a bearish sterling across the board, remaining weak until clarity within the government.

(the reason being, the hung parliament may not be as aggressive in dealing with the country's debt, and therefore leaving the problem escalate, like Greece).
Probability Professor
  • #225,084
  • May 7, 2010 7:13am May 7, 2010 7:13am
Quoting Galation
Opinion is it could take up to 10 days to sort out this hung parliament and how it's going to work. Up until there is a decision investors will be hesitant to put their money into the GBP.

Based on those reasonings, my opinion is a bearish sterling across the board, remaining weak until clarity within the government.

(the reason being, the hung parliament may not be as aggressive in dealing with the country's debt, and therefore leaving the problem escalate, like Greece).
very true and we will see lower 40's befor cable start going north
  • #225,085
  • May 7, 2010 7:17am May 7, 2010 7:17am
Are you guys going to be trading anything else when NFP comes out eg. EUR/USD?
  • #225,086
  • May 7, 2010 7:19am May 7, 2010 7:19am
Quoting thinkman
Are you guys going to be trading anything else when NFP comes out eg. EUR/USD?
gold
I have no enemy; I make Incautiousness my Enemy.
  • #225,087
  • May 7, 2010 7:20am May 7, 2010 7:20am
Quoting thinkman
Are you guys going to be trading anything else when NFP comes out eg. EUR/USD?
stick with what u know
  • #225,088
  • May 7, 2010 7:23am May 7, 2010 7:23am
Its all gone quiet said rhubarb.......
  • #225,089
  • May 7, 2010 7:26am May 7, 2010 7:26am
We may have an inverted H&S on the M30. Could be another excuse to pump and dump
  • #225,090
  • May 7, 2010 7:26am May 7, 2010 7:26am
Quoting kill56
still no stop loss
Yes ,,,,, 3 short hedge @ 20 pips ---> 60 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #225,091
  • May 7, 2010 7:27am May 7, 2010 7:27am
someone lose their account this week ??? rise your hand...,
I will be the number one Manager.
  • #225,092
  • May 7, 2010 7:27am May 7, 2010 7:27am
Quoting Bull_Bear
Make sure it's locked in 10 mins before NFP.

Could see a spike up if data is -50 below expectation.
Thanks, I hope spike up then, no more hold short currently !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #225,093
  • May 7, 2010 7:33am May 7, 2010 7:33am
are we long cable then??
  • #225,094
  • May 7, 2010 7:33am May 7, 2010 7:33am
Excellent NFP results yet Unemployment rate slightly worse...conflicting hmm?

Thinkman - im holding short myself. Make your own mind up mate
  • #225,095
  • May 7, 2010 7:34am May 7, 2010 7:34am
market waiting for statement from Uk's Pm Brown at 1240pm gmt, Cameron then at 1330pm gmt
ex member
  • #225,096
  • May 7, 2010 7:34am May 7, 2010 7:34am
good NFP numbers - stronger $ - weaker cable

unemployment numbers not off by a significant figure...so should see a weaker cable
  • #225,097
  • May 7, 2010 7:56am May 7, 2010 7:56am
Can somebody help me.. should we sell now? or we buy?
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #225,098
  • May 7, 2010 7:59am May 7, 2010 7:59am
Gordon Brown has dangled the carrot of a referendum electoral reform in front of the Lib Dems... David Cameron to make a statement in half an hour.
  • #225,099
  • May 7, 2010 7:59am May 7, 2010 7:59am
Quoting Yngwie
Can somebody help me.. should we sell now? or we buy?
I would hang on half an hour for David Cameron to speak.
  • #225,100
  • May 7, 2010 8:03am May 7, 2010 8:03am
Can somebody help me.. should we sell now? or we buy?
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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Ahsan