moody's
Cable Update (GBPUSD)
- #324,082
- Sep 11, 2012 5:03pm Sep 11, 2012 5:03pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I don't trade Euro really so I maybe off track here.
Can I ask why you think that 2745 support will break down soon?
I have a daily/weekly TL break north, bullish divergence on both time frames and bullish price action after retesting the 2745 resistance turned support.
I'm not saying you are wrong (since your trading method is an unsolved mystery to me) and I don't trade the Euro, I'm just curious what you see.
since my post 20 pips drop on EU and 1.2813 still to come as first stop down.
but if that one gives way we see 1.2745-50...47 to be precise
now it depends on the ESM and FOMC and how the Iphone 5 will bling bling tmr wether we see 1.2905 or even 1.3010 first or 1.2750.
1.2750 is as I said line in the sand and if it fails we go to 1.2690 and 1.2630 later only to stop somewhere to 1.2442-22
now I can show you how and what I see but I would just ruin your strategy you are using now and it might take you some time to see it clear.
it's up to you
- #324,083
- Sep 11, 2012 5:05pm Sep 11, 2012 5:05pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
interesting....last time the downgrade didn't the dollar spike much higher? It did the opposite of what was expected....
WASHINGTON (MNI) – The following is the text of a statement Tuesday
by rating agency Moody’s:
Budget negotiations during the 2013 Congressional legislative
session will likely determine the direction of the US government’s Aaa
rating and negative outlook, says Moody’s Investors Service in the
report “Update of the Outlook for the US Government Debt Rating.”
If those negotiations lead to specific policies that produce a
stabilization and then downward trend in the ratio of federal debt to
GDP over the medium term, the rating will likely be affirmed and the
outlook returned to stable, says Moody’s.
If those negotiations fail to produce such policies, however,
Moody’s would expect to lower the rating, probably to Aa1.
Moody’s views the maintenance of the Aaa with a negative outlook
into 2014 as unlikely. The only scenario that would likely lead to its
temporary maintenance would be if the method adopted to achieve debt
stabilization involved a large, immediate fiscal shocksuch as would
occur if the so-called “fiscal cliff” actually materializedwhich could
lead to instability. Moody’s would then need evidence that the economy
could rebound from the shock before it would consider returning to a
stable outlook.
Moody’s notes that it is difficult to predict when during 2013
Congress will conclude negotiations that result in a budget package. The
Aaa rating, with its negative outlook, is likely to be maintained until
the outcome of those negotiations becomes clear.
The rating outlook also assumes a relatively orderly process for
the increase in the statutory debt limit, says Moody’s. The debt limit
will likely be reached around the end of this year, and the government’s
ability to meet interest and other expenses out of available resources
would likely be exhausted within a few months after the limit is
reached.
Under these circumstances, the government’s rating would likely be
placed under review after the debt limit is reached but several weeks
before the exhaustion of the Treasury’s resources. Moody’s took a
similar action during the summer of 2011.
** MNI Washington Bureau: 202-371-2121 **
- #324,084
- Sep 11, 2012 6:35pm Sep 11, 2012 6:35pm
- | Joined Nov 2009 | Status: Trader | 1,365 Posts
downgrade USD not GU or EUR
Oh I know it's USD ...but the last time USD was downgraded USD spiked because of risk off...at least that's what I remember
Oh I know it's USD ...but the last time USD was downgraded USD spiked because of risk off...at least that's what I remember
- #324,086
- Sep 11, 2012 7:12pm Sep 11, 2012 7:12pm
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
UBU!!!!!!!!!!!!
WHERE THE HELL HAVE YOU BEEN BROTHER??
I CAN'T SLEEP AT NIGHTS WONDERING
I'm still around don't you worry
Dropping by here to check out you all..
How is your trading brother?
I trade to live
- #324,087
- Sep 11, 2012 8:02pm Sep 11, 2012 8:02pm
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
Like i said.... sorry navin but i had to repost... people in here are wondering what the hell is going on with the GBPUSD why its going down...
the fact is its NFP day and a Friday, very often profit taking means people will get out of their Risk positions back to the USD....
So this is the reason why i said ill give the benefit of the doubt that GBPUSD may pull back some to test that 61.8% fib line at 1.5905 we broken above yesterday...
have a look
Attachment
I trade to live
- #324,088
- Sep 11, 2012 8:12pm Sep 11, 2012 8:12pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Ha ha ha ha you can't sleep eh bro???
I'm still around don't you worry
Dropping by here to check out you all..
How is your trading brother?
Come with me if you want to live....
- #324,089
- Sep 11, 2012 8:18pm Sep 11, 2012 8:18pm
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
Good thx mate, what's happening with you?
Quiet room enhance greater self-focused~
I trade to live
- #324,091
- Sep 11, 2012 8:27pm Sep 11, 2012 8:27pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
To shorten my explaination,
Quiet room enhance greater self-focused~
Come with me if you want to live....
- #324,092
- Sep 11, 2012 8:37pm Sep 11, 2012 8:37pm
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
Yes, good move mate, good move
I trade to live
- #324,093
- Sep 11, 2012 8:45pm Sep 11, 2012 8:45pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
But when it comes to dirty jokes, I'll turn to FF! hahahahaha
Come with me if you want to live....
- #324,095
- Sep 11, 2012 10:30pm Sep 11, 2012 10:30pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
Money never sleeps...
- #324,096
- Sep 11, 2012 10:33pm Sep 11, 2012 10:33pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
Ha ha ha ha you can't sleep eh bro???
I'm still around don't you worry
Dropping by here to check out you all..
How is your trading brother?
im not sure Il Be Back really does sleep, he is a 24/7 chart reading machine
Money never sleeps...
- #324,097
- Sep 11, 2012 11:31pm Sep 11, 2012 11:31pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
im not sure Il Be Back really does sleep, he is a 24/7 chart reading machine
Come with me if you want to live....
- #324,098
- Sep 12, 2012 12:35am Sep 12, 2012 12:35am
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
im not sure Il Be Back really does sleep, he is a 24/7 chart reading machine
I trade to live
- #324,099
- Sep 12, 2012 1:51am Sep 12, 2012 1:51am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
morning ladies
- #324,100
- Sep 12, 2012 1:58am Sep 12, 2012 1:58am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
morning to your last day.
I woke up and I was still alive.but it won't last long I guess
in about 1 h the german court will set us on fire
either up or down....now it is too late to join one party.
and today the dead will walk among us...Steve Jobs will present the new iphone.
c'mon,you really thought he was dead due to a cancer ????
if I have access to cancer cure he had it for sure long time before
aaa...the feds
I forgot about the feds
I woke up and I was still alive.but it won't last long I guess
in about 1 h the german court will set us on fire
either up or down....now it is too late to join one party.
and today the dead will walk among us...Steve Jobs will present the new iphone.
c'mon,you really thought he was dead due to a cancer ????
if I have access to cancer cure he had it for sure long time before
aaa...the feds
I forgot about the feds