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Cable Update (GBPUSD)

  • #256,621
  • Sep 28, 2010 8:44am Sep 28, 2010 8:44am
Quoting Uphios
I'm talking about your second sentance, this changes nothing he is simply stateing again what was said within the BoE minutes of last week.

Keep up! I was discussing this last week and I think you missed it.
Check out the choice of words used in the minutes and today's speech and you'll see how much more dovish the latter was compared to the former.
  • #256,622
  • Sep 28, 2010 8:45am Sep 28, 2010 8:45am
Quoting yuan83
who say that pound is going to 1.6 this week?


i hope those asses should stop saying idiotic words abt people being noob wanting to short the market.

my point is..stop thinking u owe the market and is such a gd prophet.
No this week...next weeks!

I have a small buy at 1.5800 i have a stop loss at 1.5700 i think i have to close it, can you advice me?
  • #256,623
  • Sep 28, 2010 8:45am Sep 28, 2010 8:45am
Quoting gammase1
Check out the wording between the minutes and today's speech and you'll see how much more dovish the latter was compared to the former.

The abundance of illiterates here today giving uninformed opinions about fundamentals boggles the mind.

The difference between last week's BOE statement and today's speech is a few thousand pips.
  • #256,624
  • Sep 28, 2010 8:47am Sep 28, 2010 8:47am
Quoting cloggie
Posen single handedly changed the entire economic outlook of the UK in one sentence and most people here are entirely missing the significance instead harping on about a BOE statement from last week.

If you are clueless about fundamentals, don't go making it up as you go along please.
What do he realy mean by saying " They perhaps reinforcing a persistenly low-growth oucome as in apan in the 1990s" Why does this cause the GBP to loose alot of value?
  • #256,625
  • Sep 28, 2010 8:47am Sep 28, 2010 8:47am
Quoting dptrader
No this week...next weeks!

I have a small buy at 1.5800 i have a stop loss at 1.5700 i think i have to close it, can you advice me?

thinking for july 2011 next year for 1.5800... for this year... need to turn back to 1.5100
  • #256,626
  • Sep 28, 2010 8:47am Sep 28, 2010 8:47am
I really want to short on a pullback... will do it at half stakes, 20 pip stop
  • #256,627
  • Sep 28, 2010 8:48am Sep 28, 2010 8:48am
Quoting Sunsi
What do he realy mean by saying " They perhaps reinforcing a persistenly low-growth oucome as in apan in the 1990s" Why does this cause the GBP to loose alot of value?

In plain English, he is saying that the UK is screwed for the next 10 years and that every BOE estimate to date is wrong.
  • #256,628
  • Sep 28, 2010 8:49am Sep 28, 2010 8:49am
Quoting master4forex
prefer to say it turn to 1.5
either way, my point is, whether u are right or wrong, give the others respect
  • #256,629
  • Sep 28, 2010 8:49am Sep 28, 2010 8:49am
Quoting cloggie
In plain English, he is saying that the UK is screwed for the next 10 years.
After that speech do you see the upcoming forcasted poor news data from the US having any effect on this pair?
Today's zone = Tomorrow's opportunity!
  • #256,630
  • Sep 28, 2010 8:50am Sep 28, 2010 8:50am
Quoting cloggie
In plain English, he is saying that the UK is screwed for the next 10 years.
Okey. The economy is so bad that they can`t grow?
But why does this affect the GBP? Are the BoE are making more pound to try lower in it value to make a recovery cheaper?

I might be stupid, still learning, and I am very thankfull for your help!
  • #256,631
  • Sep 28, 2010 8:50am Sep 28, 2010 8:50am
Quoting pres78
After that speech do you see the upcoming forcasted poor news data from the US having any effect on this pair?

I always say that Cable does not operate in a vacuum, with a bombshell like today it definitely is.
  • #256,632
  • Sep 28, 2010 8:50am Sep 28, 2010 8:50am
Quoting cloggie
I did warn you.
if i had read your warning before,
i never would have pull the button,
maybe i can come out at be or with small loss, thx again
  • #256,633
  • Sep 28, 2010 8:50am Sep 28, 2010 8:50am
http://cdn.benzinga.com/files/bear_market_0528.jpg
  • #256,634
  • Sep 28, 2010 8:50am Sep 28, 2010 8:50am
Quoting cloggie
When a Central Banker publicly states that the UK is destined to become the Japan of the noughties, I am not going to buy this one just yet. Let it all settle down first. This is a major about turn in BOE thinking.

This changes the fundamental landscape in one great sweep.

The market in general needs to absorb what he said and what the meaning behind it was. If it is the consensus of the BOE then Cable is destined for parity. Now do I see that happening, of course not, however this is just about the biggest fundamental news this year from the...
i think he is only saying that to save the dollar..still holding on!..thou f**k him
  • #256,635
  • Sep 28, 2010 8:51am Sep 28, 2010 8:51am
This guy reminds me of Lion? Lots of unwanted rubbish.

Quoting master4forex
thinking for july 2011 next year for 1.5800... for this year... need to turn back to 1.5100
  • #256,636
  • Sep 28, 2010 8:51am Sep 28, 2010 8:51am
Quoting cloggie
I always say that Cable does not operate in a vacuum, with a bombshell like today it definitely is.
so down only for today is what you see?
Today's zone = Tomorrow's opportunity!
  • #256,637
  • Sep 28, 2010 8:52am Sep 28, 2010 8:52am
Ok... but the situation in the USA is worst then UK...

I understand these words make the market crazy, but its a pair...

No?
  • #256,638
  • Sep 28, 2010 8:52am Sep 28, 2010 8:52am
Ihave 2 entries for short and target of 1.5714-1.5700 after which i intend a full long entry from there. I have been analysing this move off the 4hrs waiting for this break, but not moe than today.


Quoting nAVIN2007
its nothing it only forming the boundaries of the broading traingle which might turn into diamond..if that happen..expect (likely new range) 1.6 - 1.68

monthly cable will be bullish..its going wonderfull so far

that will get them going huh paul
  • #256,639
  • Sep 28, 2010 8:52am Sep 28, 2010 8:52am
Quoting dptrader
Ok... but the situation in the USA is worst then UK...

I understand these words make the market crazy, but its a pair...

No?

Yes it is a pair, but when half of the pair gets decimated by the Central Bank, the second becomes irrelevant.
  • #256,640
  • Sep 28, 2010 8:52am Sep 28, 2010 8:52am
guy.. get ready for CB Consumer Confidence [ red impact ]
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