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Cable Update (GBPUSD)

  • #244,761
  • Aug 11, 2010 2:45am Aug 11, 2010 2:45am
I will sit on my hands until the news comes out. Market can be very violent during the news. I will let the dust settle and then decide.
  • #244,762
  • Aug 11, 2010 2:46am Aug 11, 2010 2:46am
Quoting joemiami
BBC News: Bank of England expected to lower its forecasts for UK growth.
Yup it's expected too............... will be interesting too see if it does though.
Lets face it we all know what is expected it's how it is put across
  • #244,763
  • Aug 11, 2010 2:50am Aug 11, 2010 2:50am
Quoting AdrianHNV
Yup it's expected too............... will be interesting too see if it does though.
Lets face it we all know what is expected it's how it is put across
If it's expected to, that should have already be reflected in the price. We're currently in the mid range at the moment, not a high nor low of the swing between 1.59 and 1.57. We're sitting near where we were yesterday before the US rate release. No particular direction as of yet.
Probability Professor
  • #244,764
  • Aug 11, 2010 3:07am Aug 11, 2010 3:07am
UK jobless claim in 25min....
  • #244,765
  • Edited 3:46am Aug 11, 2010 3:08am | Edited 3:46am
Cloggie, is there any insight to be gained from the fact that London opened at the same point 2 days in a row?
  • #244,766
  • Aug 11, 2010 3:16am Aug 11, 2010 3:16am
Just in: Bank of England Inflation report to show inflation will remain well above its target for a long time yet......
  • #244,767
  • Aug 11, 2010 3:23am Aug 11, 2010 3:23am
Hai selamat hari raya,
Kami semua ucapkan,
Menikmati hidangan,
Yang kami sediakan ..
Thank You
  • #244,768
  • Aug 11, 2010 3:24am Aug 11, 2010 3:24am
quick decision... now SL at BE... no TP as for now.
Nice pin bar rejecting 200ema, now wait for news
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  • #244,769
  • Aug 11, 2010 3:26am Aug 11, 2010 3:26am
Quoting wormboy
Hai selamat hari raya,
Kami semua ucapkan,
Menikmati hidangan,
Yang kami sediakan ..
I couldn't have said it better.....
******************* I'd rather make money than be right.
  • #244,770
  • Aug 11, 2010 3:27am Aug 11, 2010 3:27am
Quoting wormboy
Hai selamat hari raya,
Kami semua ucapkan,
Menikmati hidangan,
Yang kami sediakan ..
ya ya ya
still 2H 30min to maghrib
Verily, in every difficulties there is relief
  • #244,771
  • Aug 11, 2010 3:28am Aug 11, 2010 3:28am
hehe
Thank You
  • #244,772
  • Aug 11, 2010 3:29am Aug 11, 2010 3:29am
Quoting wormboy
Hai selamat hari raya,
Kami semua ucapkan,
Menikmati hidangan,
Yang kami sediakan ..

Oppassen he, wij Nederlanders kunnen veel beter schelden...
  • #244,773
  • Aug 11, 2010 3:31am Aug 11, 2010 3:31am
Quoting cloggie
Oppassen he, wij Nederlanders kunnen veel beter schelden...
Ik heb niet zweren
Thank You
  • #244,774
  • Aug 11, 2010 3:34am Aug 11, 2010 3:34am
My goodness; look at all those people on the doll!! Horrible.
Probability Professor
  • #244,775
  • Aug 11, 2010 3:35am Aug 11, 2010 3:35am
so ........
cable to 6100 today? lol
Thank You
  • #244,776
  • Aug 11, 2010 3:37am Aug 11, 2010 3:37am
Quoting wormboy
so ........
cable to 6100 today? lol

Would be nice !!
  • #244,777
  • Aug 11, 2010 3:38am Aug 11, 2010 3:38am
Quoting wormboy
so ........
cable to 6100 today? lol

Well, it is a funny old battle between the fundies and the techies. All the news is pretty stellar from the UK, especially if you compare it to the US and the EU. The daily had its 50 retrace, now if we can get a technical support to help out the fundies 61 would be most likely as long as that 60 option barrier has expired. However technically she wants to dig a bit deeper. This whole inflation report has been so hyped up, but the rest of the news is not supporting it so far.
  • #244,778
  • Aug 11, 2010 3:39am Aug 11, 2010 3:39am
Quoting joemiami
Would be nice !!
it would now wouldn't it
except that my ucad is taking off again. that's usually not good for cable bulls.
Thank You
  • #244,779
  • Aug 11, 2010 3:40am Aug 11, 2010 3:40am
Quoting wormboy
so ........
cable to 6100 today? lol
Anything's possible.

'The Federal Reserve’s decision to buy Treasuries and keep interest rates low will support “risk assets” without bringing down unemployment, said Anthony Crescenzi at Pacific Investment Management Co.

“Low volatility tends to be good for the interest-rate climate,” said Crescenzi, who is based in Newport Beach, California at Pimco, manager of the world’s biggest bond fund. “It does push investors out the risk spectrum generally. That tends to be good for risk assets.”

http://www.bloomberg.com/news/2010-0...mployment.html
Probability Professor
  • #244,780
  • Aug 11, 2010 3:42am Aug 11, 2010 3:42am
Quoting wormboy
so ........
cable to 6100 today? lol
Good day to you,

Junior is preparing....


Trade well

Regards
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