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Cable Update (GBPUSD)

  • #348,661
  • Oct 10, 2013 7:54am Oct 10, 2013 7:54am
Quoting giveachance
GBP ready to get smashed now. bad data can't make it cross 1.60. so down we go now
nah it ain't the pound getting smashed, its the USD rallying across the board for nothing...
  • #348,662
  • Oct 10, 2013 8:05am Oct 10, 2013 8:05am
What actualy happen? bad unemployment claims data, why US stronger..?
Did Treasury Lew speech, make US stronger?
why there isnt Treasury Lew speech in forexfactory calender ?
  • #348,663
  • Oct 10, 2013 8:13am Oct 10, 2013 8:13am
Quoting ruhut
What actualy happen? bad unemployment claims data, why US stronger..? Did Treasury Lew speech, make US stronger? why there isnt Treasury Lew speech in forexfactory calender ?
It could be typical Pound movement of going in the opposite direction before a big news event.
In this case, it is probably the forthcoming announcement of a deal to raise the US debt ceiling, which should send the Pound and the Euro rocketing higher on a new "risk-on" environment. There will be no taper until Yellen and some are now speculating that the US may have to increase its asset purchases. Bullard's speech may give some insight into that. And don't forget that Draghi will speak later today and that is always good for a spike higher for the Euro.

  • #348,664
  • Oct 10, 2013 8:13am Oct 10, 2013 8:13am
Quoting ruhut
What actualy happen? bad unemployment claims data, why US stronger..? Did Treasury Lew speech, make US stronger? why there isnt Treasury Lew speech in forexfactory calender ?
ha. you getting use of bad data = more QE.
Market can go to hell if no QE. I am a firm believer FED has started tapering under the table.
  • #348,665
  • Oct 10, 2013 8:14am Oct 10, 2013 8:14am
Seems like bad Unemployment Claims has no influence on GBP/USD pair at all....?

Patience.

Still holding my shorts.


GL
  • #348,666
  • Oct 10, 2013 8:41am Oct 10, 2013 8:41am
Something NEWS about US... :nerd:


California, government shutdown lift U.S. jobless claims to 6-month high
http://www.reuters.com/article/2013/...9990G020131010


Washington Budget Chaos Keeps Fed Rates Low for Longer
http://www.bloomberg.com/news/2013-1...or-longer.html
Always looking the GREAT, never left GOOD Point...
  • #348,667
  • Oct 10, 2013 8:51am Oct 10, 2013 8:51am
The drop most of us expect could be next week
New voice message: Why are you calling me? If I need you, I'll call you!
  • #348,668
  • Oct 10, 2013 8:53am Oct 10, 2013 8:53am
Quoting KillerWhale
The drop most of us expect could be next week
..and that's when Cable rips higher.

  • #348,669
  • Oct 10, 2013 9:14am Oct 10, 2013 9:14am
Quoting Orly
{quote} ..and that's when Cable rips higher.
I wouldn't exactly call this ripping...
  • #348,670
  • Oct 10, 2013 9:18am Oct 10, 2013 9:18am
Quoting Tsar
Something NEWS about US... :nerd: California, government shutdown lift U.S. jobless claims to 6-month high http://www.reuters.com/article/2013/...9990G020131010 Washington Budget Chaos Keeps Fed Rates Low for Longer http://www.bloomberg.com/news/2013-1...or-longer.html

... and $ is still climbing up how long more ???
  • #348,671
  • Oct 10, 2013 9:29am Oct 10, 2013 9:29am
Quoting Mimir
{quote} ... and $ is still climbing up how long more ???

My Estimated a few hours earlier in

Post# 348,596
http://www.forexfactory.com/showthre...73#post7016473
Always looking the GREAT, never left GOOD Point...
  • #348,672
  • Oct 10, 2013 9:46am Oct 10, 2013 9:46am
Quoting Orly
{quote} It could be typical Pound movement of going in the opposite direction before a big news event. In this case, it is probably the forthcoming announcement of a deal to raise the US debt ceiling, which should send the Pound and the Euro rocketing higher on a new "risk-on" environment. There will be no taper until Yellen and some are now speculating that the US may have to increase its asset purchases. Bullard's speech may give some insight into that. And don't forget that Draghi will speak later today and that is always good for a spike higher...
yeah bullard speech and draghi speech,also kuroda, why there is none of that event on forexfactory calendar on this site..?
  • #348,673
  • Oct 10, 2013 9:49am Oct 10, 2013 9:49am
Quoting ruhut
{quote} yeah bullard speech and draghi speech,also kuroda, why there is none of that event on forexfactory calendar on this site..?
I see them all in FF ....
Attached Image (click to enlarge)
Click to Enlarge Name: mowy.PNG Size: 28 KB
  • #348,674
  • Oct 10, 2013 10:29am Oct 10, 2013 10:29am
16040
  • #348,675
  • Oct 10, 2013 10:33am Oct 10, 2013 10:33am
Quoting Mimir
{quote} I see them all in FF .... {image}
argh, why i cant see it... see mine nothing of the speech..how to make it avaible to see >_<

http://i86.photobucket.com/albums/k8...ps6cffe748.jpg
  • #348,676
  • Oct 10, 2013 10:35am Oct 10, 2013 10:35am
oh , problem solved, i not see the tiny filter icon, when i click it, speech not marked >_<
  • #348,677
  • Oct 10, 2013 12:42pm Oct 10, 2013 12:42pm
Quoting MiG123
{quote} nah it ain't the pound getting smashed, its the USD rallying across the board for nothing...
Exactly. I'm guessing the USD and general US market rallies are based on the Yellen news. If you guys can remember, when Summers stated he was stepping down markets rallied considerably, only to pull back again the next day and the next... USD will not show any clear signs of strength until this default debacle is completely handled and the markets can get a clear view of where we are headed.
  • #348,678
  • Oct 10, 2013 1:50pm Oct 10, 2013 1:50pm
End of my day... sat on hands with cable... nothing much to report (wafting around range but due to go south imo)

GJ rallied and is still very interesting (ÚJ is a safe haven & UJ responded to Dollar Index - interesting - not FX 101 stuff)
Commodity crosses have also enjoyed support UC AU (even the zar rallied)
Commodities such as gold and oil have shown some weakness inviting a gold / oil short play
This leads me to follow up here with a continuing GU short philosophy....
Hey hey, tomorrow is FRIDAY, enjoy (trade don't trade)
check the VIX hmmm - trouble is near

I'm in cash.... Not L or S

G/L

GU Daily
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 21 KB
  • #348,679
  • Oct 10, 2013 2:17pm Oct 10, 2013 2:17pm
Quoting fontu
Will wait for more action down in the scalping still holding previously , gu reach 5885 & 5750 play to down 5336 areas if then . eu for 3466/51 plays with breaks if to 1.3300. gold for 1278/73 play to breaks for the bottom if . euraud 1.4192 breaks for 1.3800 to 3190 play if . gbpaud 1.6802 breaks to 1.6145 breaks play to 1.5885 & 1.6673. Even audusd breaks for 0.9388 to breaks 0.9281!! fontu Charts all old should do !http://www.forexfactory.com/showthre...91#post7014991
So no further action today I see ( with mixed & related pairs though ), my profit remain the same as was in the morning & afternoon . anyway bear remain intact & carry out .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #348,680
  • Oct 10, 2013 2:20pm Oct 10, 2013 2:20pm
Quoting fontu
{quote} So no further action today I see , my profit remain the same as was in the morning & afternoon . anyway bear remain intact & carry out . fontu
Thanks
G/L
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