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Cable Update (GBPUSD)

  • #352,201
  • Nov 7, 2013 6:15am Nov 7, 2013 6:15am
Some expectation here:

ECB will cut the refi rate by 25bp this week, but will refrain from cutting the deposit rate""

Some commentators have said that cables strenghth has held the euro - high...
Do you think that when EU drops it takes cable with it?

Where the fundies?

G/L
  • #352,202
  • Nov 7, 2013 6:19am Nov 7, 2013 6:19am
Quoting JimmyC
Some expectation here: ECB will cut the refi rate by 25bp this week, but will refrain from cutting the deposit rate"" Some commentators have said that cables strenghth has held the euro - high... Do you think that when EU drops it takes cable with it? Where the fundies? G/L
If an ECB rate cut takes place, or even if Draghi is very dovish in the press conference, then there will definitely be huge capital flows from Euro to USD. As long as there are no matching capital flows into Cable, the bid on USD should bring Cable down as well, but obviously not to the same degree as a drop in Euro.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,203
  • Nov 7, 2013 6:25am Nov 7, 2013 6:25am
aud will fall further I think ,
which would make jpy stronger

Quoting giveachance
anybody shorting geppy?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,204
  • Nov 7, 2013 6:25am Nov 7, 2013 6:25am
Quoting PipTrapper
{quote} If an ECB rate cut takes place, or even if Draghi is very dovish in the press conference, then there will definitely be huge capital flows from Euro to USD. As long as there are no matching capital flows into Cable, the bid on USD should bring Cable down as well, but obviously not to the same degree as a drop in Euro.
I think any rate cut would be a surprise, I figure the press conference will (again) be where SuperM goes into Uber-Dove mode again, he needs to cut rates but doesn't want to cause it gives him less room to move... I think the guys shooting for Dec may have a better plan.

No Position till after the press conference
  • #352,205
  • Nov 7, 2013 6:26am Nov 7, 2013 6:26am
Quoting PipTrapper
{quote} Looks like G/U will only get pumped on USD weakness for now... and I think that the possible catalyst for that would be NFP tomorrow should it come in weaker than expected. Keep in mind that the expectations are already very low, so beating them is a higher probability than not.
Not true, pound itself is tanking too.
Build good relationships with others.
  • #352,206
  • Nov 7, 2013 6:29am Nov 7, 2013 6:29am
In some sense, sellers were concerned about potential hawkish statements from the MPC.

Once that was out of the way, it was safe for them to sell.
Build good relationships with others.
  • #352,207
  • Nov 7, 2013 6:30am Nov 7, 2013 6:30am
Quoting shellsnail
{quote} Not true, pound itself is tanking too.
Explain yourself further please?
  • #352,208
  • Nov 7, 2013 6:31am Nov 7, 2013 6:31am
just need to push below blue line then bye bye pound



Quoting shellsnail
{quote} Not true, pound itself is tanking too.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,209
  • Nov 7, 2013 6:32am Nov 7, 2013 6:32am
Quoting Pumpndump
{quote} Explain yourself further please?
Look at your charts?
Build good relationships with others.
  • #352,210
  • Nov 7, 2013 6:34am Nov 7, 2013 6:34am
If we are heading down, I think we will see 1.590 today.
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  • #352,211
  • Nov 7, 2013 6:36am Nov 7, 2013 6:36am
Looking for a bullish break on the USD this afternoon,
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  • #352,212
  • Nov 7, 2013 6:36am Nov 7, 2013 6:36am
Quoting PipTrapper
{quote} Looks like G/U will only get pumped on USD weakness for now... and I think that the possible catalyst for that would be NFP tomorrow should it come in weaker than expected. Keep in mind that the expectations are already very low, so beating them is a higher probability than not.
Quoting shellsnail
{quote} Not true, pound itself is tanking too.
How can you say my statement is "not true" in one post and then in your next post you also state that cable is bearish?

Perhaps your English comprehension skills are not that good, in which case I understand. However, knowing that, you should be very careful about how you respond in order to avoid contradicting yourself.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,213
  • Nov 7, 2013 6:47am Nov 7, 2013 6:47am
Quoting Tom_d
Looking for a bullish break on the USD this afternoon, {image}
Came sooner than expected;
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  • #352,214
  • Nov 7, 2013 6:50am Nov 7, 2013 6:50am
though the £ has gone for it too,
  • #352,215
  • Nov 7, 2013 6:52am Nov 7, 2013 6:52am
chi chi chi ! super mario
  • #352,216
  • Nov 7, 2013 6:52am Nov 7, 2013 6:52am
Quoting PipTrapper
Cup and handle formation on USD/CHF {image} {image}
Bingo!!!
Gotta love swing patterns
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Those who say it cannot be done should not interrupt those who are doing it
  • #352,217
  • Nov 7, 2013 6:53am Nov 7, 2013 6:53am
Quoting Bones
just need to push below blue line then bye bye pound {quote} {image}

well done on the euro ..
  • #352,218
  • Nov 7, 2013 6:53am Nov 7, 2013 6:53am
Quoting Trader88q
chi chi chi ! super mario
The bastard finally did it. I was ready to start making accusations of a conspiracy if he didn't cut.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,219
  • Nov 7, 2013 6:53am Nov 7, 2013 6:53am
Howzit

GU is not looking in a good way, best let her settle...

EU short quite obvious, The
EC short really over reacted

Sit on your hands...

G/L
  • #352,220
  • Nov 7, 2013 7:00am Nov 7, 2013 7:00am
its short jim without doubt now

Quoting JimmyC
Howzit GU is not looking in a good way, best let her settle... EU short quite obvious, The EC short really over reacted Sit on your hands... G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
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