Cable Update (GBPUSD)

Goldman Sachs have lowered their forecast for tomorrow's U.s NFP to +25k from last month's +117k. As usual the key factors will be

a. Headline number and relationship tp previous and forecast
b. Any revision to previous Headline number
c. Private payrolls component number
d. To a lesser extnet the Manufacturing payrolls component number
e. Un-employment rate and relationship to previous and forecast

In recent times, the report (s) have not had the knee-jerk reaction, and to some extent, the same day follow thru impac/reactiont that they used to have, but it's still an eagerly anticipated release.


I guess the key questions on it's release will be

a. Effect on any fed decisions in it's extended meeting later this month ?

and from a market reaction point of view

b. Will a generally bad report be reflected in risk aversion or in $ aversion ?

My Strategy on Gbpusd will be to go with the money should any hi-probability immediate post and post data set-ups result. This may include getting involved in any real momentum plays on the closure of the immediate post data 1min (+) candle (s) depending on the overall PA set-up. 'Sell the 1st Hi-Buy the 1st pullback' -and conversely- 'Buy the 1st Lo-Sell the 1st pullback' classic data/news plays may set up for consideration.

Whatever you decide, hope it treats you well.

G/L

will stay flat till Non-Farm Employment Change news.... as u know its crazy friday. NOT PALNNING TO RISK ANY PIPS TILL THEN. Been a rather bad week for me due to my indecisiveness. No matter hope to recoup my losses later after NPE news. Hoping for a clear direction. I think its gonna test the 1.6131 level min but if not then expect a retracement up to 1.6282 level min...will wait n see.....

False 1st b/o of the asian session hi as price pullsback from 61.8% 6253-6131...rangy conditions on the lower t/f's reflect the consolidation on 1hr off the Lo yesterday of 6131.

G/L

The 1hr chart below shows the regular bullish divergence on 1hr at yesterday's lo.

G/L

Morning All

Flat until PMI Construction news at 9.30 GMT.

My areas for shorts today are 6250 then 6291 dont think it will break this level before the US news in the afternoon, so should be good for 50 pips at least.

On the buy side, I can't see us going lower than 6110 before US news so would load in around there, again for minimum 50 pips retrace. If it does go lower 6060 will hold.

shorts based on hourly chart, long based on daily chart.

What do you think?

re Uk construction pmi (see my note above here)...any prinnt below 50 might cause a knee-jerk £ pressure and conversely any print above last m,onth's might see a knee-jerk £ demand ? These are the greater probability reactions to those scenarios, but it is data so anything can happen and this historically is not a big news event.

G/L

morning

im buying cause i believe that gbp strength will change trend soon looking at the index..hence the buy's thanks god im using mm

otherwise account blow

as far as im concerned the lower the better..so long as its not lower than 1.40..lol

ADR is only 32 so far got to go somewhere ... right? i could be wrong

Good Morning All,

It seems to me that macro economic driver behind the current GBP weakness is the flight to safety of the dollars (despite the dire economic situation in US) stemming from the Euro's problems. See link below:

http://www.telegraph.co.uk/finance/f...an-crisis.html

There are some key court rulings / parliament decisions due in Germany this month which will impact the Euro big time. Therefore until these decisions are known, Euro is likely to drift dwonwards against the dollar. This will in turn affect the GBP and the sentiment is likely to be negative for the time being.

Bearing in mind it is Friday, the chances of GU closing lower than yesterday's close is more than 50%.

Needless to say, this my 2p worth and please make your trading decisions based on your own research.

Happy trading.

so long as it aint going into the abyss im good

hidden divergence building oin 1hr oscillators, conversely 1hr wicks down to 6172 looking bullish ? How much supply left at tofay's current hi ? or is this the 3rd false b/o of the asian session hi ? 3 fib cluster at the hi...

G/L

upside b/o ? or more supply ?

usd found trendline..only problem all index's losing strength along side

just back mr nav ....
aniway i am mixed between ladies and gentleman .....
just choose ................which one u like

cancel pending buy
tried to long at the top and bottom of green area as potential bottom ( never know exact bottom )

female

wkwkwkkwkww............could warm you UP and warm the price UP

U.s NFP etc T-5

ZERO!

very bad usa.....