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Cable Update (GBPUSD)

  • #351,281
  • Oct 30, 2013 8:23am Oct 30, 2013 8:23am

Quoting KillerWhale
{quote} Thanks for the V I'll keep a close watch on you
  • #351,282
  • Oct 30, 2013 8:26am Oct 30, 2013 8:26am
Quoting Baggi
{quote} Anyone?
I'm not seeing it, sorry
  • #351,283
  • Oct 30, 2013 8:31am Oct 30, 2013 8:31am
UJ at supply level ahead of FOMC. Should push GU up if the supply kicks in here. Watching it.
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  • #351,284
  • Oct 30, 2013 8:41am Oct 30, 2013 8:41am
sleepy...
  • #351,285
  • Oct 30, 2013 8:44am Oct 30, 2013 8:44am
  • #351,286
  • Oct 30, 2013 8:48am Oct 30, 2013 8:48am
Quoting JimmyC
We are done till FOMC minutes... nothing safe now.

BBL to read the minutes

G/L
  • #351,287
  • Oct 30, 2013 8:51am Oct 30, 2013 8:51am
Quoting Nate04
Question... If everyone thinks the Fed is going to continue its current monetary policy, then shouldn't that already be priced in? And what if the Fed came out and said something along the lines of \"We will continue with the current policy until April then cut back.\" How would price react to that. Maybe its the fact that everyone is saying no change... Something just seems fishy to me, like a surprise might be coming. Anyone else get that feeling, or am I over analyzing this????
If they will continue their current monetary policy than market will spike 50 pips in both direction, come back and than decide its course ... and if some surprise is coming than market will spike 150 pips in one direction and wont come back again for rest of the week..

Ya I am getting a feeling of a surprise as well, first .. we have new lady on top, and than second coz FED implemented some new rules like switching of the net in its building till 2PM from this particular release after allegations of leak from press last time. But people using Reuters still get it some seconds earlier in algorithm form catching the trick words like taper, easing etc..
  • #351,288
  • Oct 30, 2013 8:55am Oct 30, 2013 8:55am
Quoting andan
sleepy...
pending order (heavy size) : short @ 1.6150
SL = 1.6170
TP = 1.6050
  • #351,289
  • Oct 30, 2013 9:19am Oct 30, 2013 9:19am
...bullish intraday tone so far - pullbacks being bought...23.6% 6256-6021 the hi of the day so far - challenged again. Fomc later - how dovish or hawkish the statement is will likely play on price in this pairing, others and other asset classes.

G/L - be back then.
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ex member
  • #351,290
  • Oct 30, 2013 9:20am Oct 30, 2013 9:20am
THE cable is looking good its holding above the 1.6055 to 57 range which is very posiitive and is holding the uptrend on the daily
  • #351,291
  • Oct 30, 2013 9:24am Oct 30, 2013 9:24am
'....The consensus among Wall Street economists and strategists is that the Federal Reserve will strike a dovish tone with today's release of the statement from the October FOMC meeting.....Alan Ruskin, managing director and global head of G-10 FX at Deutsche Bank, disagrees. Although not much is expected from the October FOMC, it is difficult to see the statement pushing central expectations of tapering beyond March 2014, and easier to see some subtle signals that could show the door remains ajar to a tapering before then," he writes in a note. "In the October statement the most important signals to watch for include on the hawkish side: how much the Fed retreats from concerns related to tightening of financial conditions.....'



Read more: http://www.businessinsider.com/hawki...#ixzz2jDtgXQK3
ex member
  • #351,292
  • Oct 30, 2013 9:30am Oct 30, 2013 9:30am
Quoting ninner
THE cable is looking good its holding above the 1.6055 to 57 range which is very posiitive and is holding the uptrend on the daily
o.o are you bullish on this pair for the longer term?
  • #351,293
  • Oct 30, 2013 9:36am Oct 30, 2013 9:36am
FOMC Statement

Re this gbpusd instrument - re the knee-jerk reaction - that'll be short it on fomc hawkishness (ie $ buying,) and long it on fomc dovishness ( ie $ selling)....but really - trade what you see or don't trade at all - depends on the reaction.

G/L
ex member
  • #351,294
  • Oct 30, 2013 9:37am Oct 30, 2013 9:37am
Good day.

I opened a low short ( small) @ 1.6068. My target remains 1.5562 -

Adding every 50 up from here..

Trade well.

Regards
  • #351,295
  • Oct 30, 2013 9:50am Oct 30, 2013 9:50am
if this coming 7nov gbp interest rate change to 2%> and usd nfp seems not good then gbpusd will break the resistant !!!

be ready yourself.


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  • #351,296
  • Oct 30, 2013 9:52am Oct 30, 2013 9:52am
Quoting 0nlyProfit
if this coming 7nov gbp interest rate change to 2%> and usd nfp seems not good then gbpusd will break the resistant !!! be ready yourself. {image}
Hasn't the BOE emphasised over and over again that rates will remain until they see sustainable growth?
  • #351,297
  • Oct 30, 2013 9:57am Oct 30, 2013 9:57am
Quoting PipTrapper
{quote} Saving it's virginity for FOMC maybe? LOL
even till now. lol. too tight i think!

Quoting suthmo
{quote} 50 fib playing hard to get. {image}
yes brother. any opinions on fomc data soon. wishin u both greens ahead
  • #351,298
  • Oct 30, 2013 9:57am Oct 30, 2013 9:57am
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Founder of Sutherland Wave Principle
  • #351,299
  • Oct 30, 2013 10:03am Oct 30, 2013 10:03am
Quoting ggfu
{quote} o.o are you bullish on this pair for the longer term?
ggfu...i am bullish longer term at least as long as this double bottom patterns holds up...its forming a handle right now so it may certainly pullback abit st...im a pos trader so it depends on your time horizon
  • #351,300
  • Oct 30, 2013 10:07am Oct 30, 2013 10:07am
Quoting suthmo
{image}
histeria part is the best. thx
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