I don't want a job, i want money!
- #18,802
- Sep 20, 2011 9:14am Sep 20, 2011 9:14am
News that we DIDNT need to hear - IMF says there is 1 in 6 chance UK is in another recession #gbp
thats what did it!! negative folks, stupid..if it read theres 80% chance UK is in recovery the mofo would be rising
dumb asses
Nav, the UK is in recession whether the data show it or not. Imagine people complaining about the benefit being paid out monthly instead of weekly. Most of the UK poeple don't have any savings at all to last 2 weeks. All waiting for the benefits. Hopefully next year I can join them.
- #18,803
- Sep 20, 2011 9:18am Sep 20, 2011 9:18am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #18,804
- Sep 20, 2011 9:19am Sep 20, 2011 9:19am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nav, the UK is in recession whether the data show it or not. Imagine people complaining about the benefit being paid out monthly instead of weekly. Most of the UK poeple don't have any savings at all to last 2 weeks. All waiting for the benefits. Hopefully next year I can join them.
it is not in a recession looking at the figures..at least for me..anyway it doesnt matter price will either go down or up..i reckon long term it is up!
i look at these movements..on 4hr and i see nothing just complete ping pong
- #18,805
- Sep 20, 2011 9:26am Sep 20, 2011 9:26am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Most of the UK poeple don't have any savings at all to last 2 weeks. All waiting for the benefits. Hopefully next year I can join them.
- #18,806
- Sep 20, 2011 9:40am Sep 20, 2011 9:40am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nav, the UK is in recession whether the data show it or not. Imagine people complaining about the benefit being paid out monthly instead of weekly. Most of the UK poeple don't have any savings at all to last 2 weeks. All waiting for the benefits. Hopefully next year I can join them.
another thing..nobody gonna have saving BOE interest rate is 0.5 bro..look at US, no manufacturing output..figures for unemployment increase..new tax to cut deceit..if usd increase currency value..international trade will be effected imho..and this is the ony think they have going for themselves
this is why it is low in value..it supports this at least..increasing in currency exchange value is like giving USD the fatal blow..nobody will buy from them
ecomonics 101 baby 2 times!!!!!!!!
but as u guys know already..i can bullshit good when it comes to fundies
dont believe the hype!!! i dont 
- #18,807
- Sep 20, 2011 9:42am Sep 20, 2011 9:42am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #18,808
- Sep 20, 2011 9:47am Sep 20, 2011 9:47am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hey Mate, seems it'll be taken...
GBP is not very far from WPV which will be toched if not now then in asia. Gap closed too.
ams did mah bullshit strike any cords with yah ?
- #18,809
- Sep 20, 2011 9:56am Sep 20, 2011 9:56am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #18,811
- Sep 20, 2011 10:00am Sep 20, 2011 10:00am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Logically, I see market likes this govt's policy. Hence GBP is stable unless BOE does qe2. It'll range 150-165ishh regardless of what happens to greece as that's positive for gbp. In the event of qe2 we will see 150 in no time at all. Again, all depends on timings!! Imagine within a month greece going bankrupt and UK doing qe2 and US coming up qe3 This is exactly market has to deal with now. Hence tey are waiting but pricing-in the moves. Greece default'ng is bad . However it'll be very positive for the euro as one of the "bad" members will be out!
UK rates are low and due to the respect market has for british currency, they know that BOE will only raise rates when things are ok. Once the IR rise train starts then there will be no stopping!
This is exactly market has to deal with now. Hence tey are waiting but pricing-in the moves. Greece default'ng is bad . However it'll be very positive for the euro as one of the "bad" members will be out!UK rates are low and due to the respect market has for british currency, they know that BOE will only raise rates when things are ok. Once the IR rise train starts then there will be no stopping!
ams did mah bullshit strike any cords with yah ?
- #18,812
- Sep 20, 2011 10:04am Sep 20, 2011 10:04am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
lol..
yeah, I like the style!! I am a couch potato too as my wife is usualy busy doing household chores
yeah, I like the style!! I am a couch potato too as my wife is usualy busy doing household chores
- #18,813
- Sep 20, 2011 10:05am Sep 20, 2011 10:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Logically, I see market likes this govt's policy. Hence GBP is stable unless BOE does qe2. It'll range 150-165ishh regardless of what happens to greece as that's positive for gbp. In the event of qe2 we will see 150 in no time at all. Again, all depends on timings!! Imagine within a month greece going bankrupt and UK doing qe2 and US coming up qe3
- #18,814
- Sep 20, 2011 10:08am Sep 20, 2011 10:08am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
it does sound like a damn good systemim saving that..priceless
- #18,815
- Sep 20, 2011 10:16am Sep 20, 2011 10:16am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #18,816
- Sep 20, 2011 10:20am Sep 20, 2011 10:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
big battle at this level either on gu and eu... will it hold or break???
i got a feeling 1.57 is the net for ping pong
- #18,817
- Sep 20, 2011 10:20am Sep 20, 2011 10:20am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
You are ignoring the fact that lot of people are now saying that UK should do QE2 and even osbourne has said that he'll leave the decision with king/BOE. He is firm on deficit reduction which is good but that's different to qe. We have no members in the MPC commitee who wants to raise rates anymore. See historic news events and there used be 7-2, 6-3 ratio of members asking for rate rise, now none.
I can only see dollar index being very positive on charts, rest is against it.
We have 100 pip GAP on charts. This is serious Nav. I remember these kind of gaps before, during Lehman collapse. You do not see gaps this big everyday and NOT getting filled within a day is signalling a big down move. Remember, if banks, brokers & hedge funds cannot fill the gap within a day it means there are no buyers at all. Whatever movement there is, it's because of dollar buying, selling etc. EU moved 150 pips, au 165, even darn Kiwi moved 102 today whereas GU only 80! 158-60ishh level is protected by BOE as my mate who works for one the banks told me a while back. They can only protect it to a level not beyond that. Look at Yen, Aussie,kiwi dollar etc high currency is killing their economies..market has much more power then anyone else.
I can only see dollar index being very positive on charts, rest is against it.
We have 100 pip GAP on charts. This is serious Nav. I remember these kind of gaps before, during Lehman collapse. You do not see gaps this big everyday and NOT getting filled within a day is signalling a big down move. Remember, if banks, brokers & hedge funds cannot fill the gap within a day it means there are no buyers at all. Whatever movement there is, it's because of dollar buying, selling etc. EU moved 150 pips, au 165, even darn Kiwi moved 102 today whereas GU only 80! 158-60ishh level is protected by BOE as my mate who works for one the banks told me a while back. They can only protect it to a level not beyond that. Look at Yen, Aussie,kiwi dollar etc high currency is killing their economies..market has much more power then anyone else.
i agree with everything u said except for the qe2..for me chart formations forecast news..and the charts are telling me..GU is gonna shoot..but this will only be seen when it plays out..lets see
- #18,818
- Sep 20, 2011 10:25am Sep 20, 2011 10:25am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #18,819
- Sep 20, 2011 10:27am Sep 20, 2011 10:27am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #18,820
- Sep 20, 2011 10:28am Sep 20, 2011 10:28am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
it'll break to the top side Dario. If not now then at night with SL hunters
the corner is getting thinner... but this time it looks like it want to break up... well lets see