Cable Update (GBPUSD)

Is that Bagpuss?

waiting

GM traders! Looking to take this long on eurus. Higher H4 demand level at 1.2900 may also prove good for long with tight stop.

Long again. Be kind news...

Long euryen as well. tp at 101.50

Happy pips to everyone!

unemployment claims turned to be bad for USD.and i guess price will start moving upwards.ready to buy the dips ?

back to 6103

trend is still up

moved to 6106 then 6097 and last 6088

if we get there fast enought not to get hit by the news in 25 min

was that quick enough for you?

well...I will call it luck

but I'll bail out now and not wait for 6088

4 pips to the last TP

news now

FFFFF***** last tp touched while typing

damned damned damned

great

and like clockwork with the news came in the german president to sign the ESM

great

I'm telling you it's a conspiracy

I would not be surprised for the EU to drop some hundred pips though

1 and a half hour to go to total anihilation

if anyone understands this mumbo jumbo go ahead and guess

''
For immediate release

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed. The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation has been subdued, although the prices of some key commodities have increased recently. Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that inflation over the medium term likely would run at or below its 2 percent objective.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in June, and it is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. These actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens. In particular, the Committee also decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-2015.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Jerome H. Powell; Sarah Bloom Raskin; Jeremy C. Stein; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who opposed additional asset purchases and preferred to omit the description of the time period over which exceptionally low levels for the federal funds rate are likely to be warranted.
Statement Regarding Transactions in Agency Mortgage-Backed Securities and Treasury Securities http://www.federalreserve.gov/gifjpg/exitIcon.gif''

is that it? you might as well close your eyes, stick your finger in the air and have a wild stab in the dark

I just sold EU at top 1.30 with a tight SL and a 300 pips TP

but I will scale out starting 2930

1.2442 here we come

as for GBP ...maybe 6040 if the trendline is not broken now and so far it held

maybe QE is not thatr bad afterall

one thing I do not understand


so...govts go for austerity and cut jobs but later they want to lower the unemployement and they print money that will lower the value of it's currency that will buy them less products and they will export more but with the money they get from more export they can buy the same products as the currency is devaluated.

WTF ? this is what happens when you put a doctor as a bank manager and when you put muppets as politicians.